Under the Treasury Laws Amendment Bill 2024, businesses and individuals will no longer be able to claim tax deductions for General Interest Charges (GIC) and Shortfall Interest Charges (SIC) as of 1 July 2025.
ASIC is making a crucial change that will impact businesses trading in Australia: The phased removal of trading names from the Australian Business Register (ABR).
As we approach the end of financial year, tax planning becomes essential for businesses and individuals aiming to understand their tax liability and understand their deductions. By taking a proactive approach with tax planning ahead of the end of financial year you can end up making smarter financial decisions, improving cash flow and long-term financial security.
Changing accountants is a weighty decision, there are lots of factors you will need to take into consideration and much like any decision around your finances, it’s important never to rush into this decision.
If you are a new business owner, your approach to tax should be a top priority as this can impact your longer-term success.
The Pilbara region presents a unique set of challenges for business owners who need specialised advice to drive business growth.
Inevitably, when the market dips people will panic. Unfortunately, media coverage in this situation can inflate people’s anxiety with sensationalist reporting. It is essential to remember that market dips are an inevitable part of investing and the market cycle.
Receiving a Director Penalty Notice (DPN) can be a stressful situation, which can be difficult to navigate. These situations become even more stressful for former company directors who may feel trapped by their past responsibilities