Author Archives for wybenga_admin
The 2025 Financial Year tax & super changes you need to know!
April 18, 2024 12:00 am Comments Off on The 2025 Financial Year tax & super changes you need to know!The new financial year is fast approaching and so are a number of changes to superannuation contribution amounts and the individual tax rates. These changes are outlined below, as is some information on how you may be able to work with these changes when managing your tax affairs during 2024-25.
Small business benchmarks
April 15, 2024 12:00 am Comments Off on Small business benchmarksThe ATO has developed quite a number of benchmarks to help small businesses develop an idea of their performance compared to similar businesses in the same industry.
ATO’s debts on hold campaign prompts new IGTO guidance
April 12, 2024 12:00 am Comments Off on ATO’s debts on hold campaign prompts new IGTO guidanceNew guidance has been released on best practice principles for debt notifications in response to the re-activation of old debts by the ATO.
Illegal access nets $637 million
March 28, 2024 12:00 am Comments Off on Illegal access nets $637 millionThe ATO has found $637 million of superannuation savings has left the system due to illegal early access carried out through SMSFs.
Countries producing the most solar power by gigawatt hours
March 25, 2024 12:00 am Comments Off on Countries producing the most solar power by gigawatt hoursCheck out the countries that produce the most solar power.
Sharing economy reporting regime for platform operators
March 22, 2024 12:00 am Comments Off on Sharing economy reporting regime for platform operatorsIndividuals participating in the sharing economy should be aware that transactions for supplying taxi travel/ride sourcing and short-term accommodation are now required to be reported under the sharing economy reporting regime (SERR).
Why employee v contractor comes down to fine print
March 20, 2024 12:00 am Comments Off on Why employee v contractor comes down to fine printThe task of worker classification has been a long-running point of contention but the Commissioner’s response to recent court cases suggests a written contract is king.
Australian Taxation Office (ATO) shifting to firmer debt collection activity
March 18, 2024 12:00 am Comments Off on Australian Taxation Office (ATO) shifting to firmer debt collection activityThe ATO has flagged a return to more aggressive debt collection actions after seeing a trend of profitable businesses that have the capacity to pay their tax debts but are actively choosing not to do so.
What Drives Your Business Growth and Profits?
March 15, 2024 12:00 am Comments Off on What Drives Your Business Growth and Profits?Every business owner wants to grow their business and their profits.
