Tax breaks on ‘big, dumb’ utes cost the public $250m

24 July

Australian taxpayers lost out on a quarter of a billion dollars in revenue in 2023 thanks to a generous tax loophole for “big, dumb” American-style utes, a report says. Large utes such as those made by Chevrolet and Ram are being subsidised as...[Read More]

High-caffeine brands seized in ‘energy drink’ crackdown

24 July

Hundreds of highly caffeinated beverages have been removed from shelves in a crackdown on potentially harmful energy drinks. Beverages with almost double the maximum allowed caffeine content are among almost 700 drinks seized during inspections of...[Read More]

Pump and dump share scheme ‘tried to rig stock prices’

24 July

An alleged scheme to artificially inflate share prices before selling the stock has been busted by the financial regulator. Participants in the alleged “pump and dump” scheme face up to 15 years behind bars and fines of more than $1 million,...[Read More]

Navigating the intricacies of family Law: Why professional guidance is essential

18 July

Family law is a highly sensitive niche that profoundly impacts the lives of individuals and families.  Given its intricate nature, seeking professional advice is paramount to effectively navigating its complexities.  Here, we explore some trending...[Read More]

Call to tax companies that replace workers with AI

18 July

Businesses that replace workers with artificial intelligence tools should pay additional taxes, an inquiry will hear, as well as calls for restrictions on the use of the technology and greater government oversight. The calls are expected at the...[Read More]

Calls for law as AI rogues plunder Australian creatives

17 July

Australia urgently needs to restrict the use of AI to protect workers, an inquiry has been told amid warnings the technology has already been deployed to cut creative jobs and replace humans with digital clones. The call comes after the Senate...[Read More]

Controversial ‘travel tax’ behind border security boost

17 July

Tourists are being charged more to leave Australia, as the federal government attempts to bolster biosecurity funding. An additional $47.1 million had been delivered to the biosecurity system after a change to the government’s fees and charges,...[Read More]

Navigating ownership changes: A comprehensive guide for business owners

11 July

Changing a business’s ownership structure can be a complex process, often necessitated by various circumstances, such as partnership disputes, divorce, retirement, or the sale of the business.    Regardless of the reason, it’s crucial to...[Read More]

Occupation and industry specific guides to use for tax returns

4 July

Income and allowances to declare and the expenses you can claim a deduction for in your occupation or industry. Using our guides Our occupation and industry guides help you to complete your tax return, use these guides to: work out what income...[Read More]

No more pretty packaging and flavours, new vape laws

4 July

Black-market tobacco and e-cigarettes are in the sights of authorities as overhauled vaping laws come into effect. From now on vapes will only be allowed to be sold in pharmacies over the counter, and only after chemists have a discussion with the...[Read More]

Some useful tips to grow your superannuation

27 June

Retirement is a period most people eagerly anticipate. It’s that wonderful stage of life when you can finally unwind and spend your time as you please. You can even spend retirement focusing on the businesses you’ve been planning and have put...[Read More]

SMS ID register to crack down on text-based scams

27 June

Scammers will have a harder time impersonating Australian businesses through text messages following a government crackdown. Laws introduced to federal parliament on Wednesday will set up an SMS sender ID register, which will aim to better protect...[Read More]

Considering how to ‘force’ Meta to pay for news

26 June

Facebook’s parent company Meta could be legally forced to carry Australian news on its platform or face new taxes to support local journalism, under proposals being considered by the federal government. The ideas were raised at the Social Media...[Read More]

The Essential Role of Accountants in Tax Minimisation and Financial Reassurance

20 June

Navigating the complexities of tax obligations can be daunting for both individuals and business owners. With ever-changing tax laws, intricate regulations, and the constant risk of errors and penalties, managing taxes effectively requires more than...[Read More]

Essential Components for Crafting an Effective Business Plan

20 June

Creating a business plan is a crucial step for any entrepreneur or business owner. It serves as a roadmap, guiding the business from its initial stages through growth and development.    A well-crafted business plan not only helps in securing...[Read More]