Starting April 1, 2025, the ATO will require small businesses with GST non-compliance history to switch to monthly reporting.
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The recent reintroduction of tariffs by the US Government has created significant challenges for Australian businesses engaged in international trade.
The biotech industry faces significant challenges, including regulatory pressures, supply chain disruptions, rising costs and shifting investment landscapes.
Discover how detailed M&A contract reviews can impact tax outcomes, ensuring efficient and risk-free transactions.
The Australian Parliament recently passed legislation to introduce two significant tax incentives aimed at bolstering Australia’s critical minerals and hydrogen production sectors. The incentives form a significant part of the Government’s ’Future Made in Australia‘ policy.
On 12 February 2025, the Australian Government released its Strategic Examination of Research & Development (R&D) discussion paper. Public consultations on the discussion paper are officially open, with written submissions due by 11 April 2025.
On 19 February 2025, a pivotal Full Federal Court decision in respect of trust law and Division 7A was handed down by the Full Federal Court in Commissioner of Taxation v Bendel [2025] FCAFC 15 which has confirmed in favour of the taxpayer.
Recent discussions have been clouded by misinformation about how VAT systems operate, especially in the context of proposed reciprocal tariffs. This has led to some misconception that VAT systems create unfair trade barriers for US corporations.
US tariff changes are adding pressure on Australian businesses, with higher costs, supply chain disruptions, and new trade restrictions. With additional tariffs on imports from China and Hong Kong, businesses need to rethink pricing, sourcing, and operations to stay competitive.
The ATO is cracking down on tax avoidance in the property sector, focusing on international related-party financing. With increased enforcement until 2028, private groups must review their funding structures to ensure compliance and avoid penalties.
If government grants are part of your 2025 strategy, take note of the available quarter one funding opportunities. With increasing inflationary pressures, government grants can be an essential alternative funding source for businesses with critical investment projects.