Learn how to navigate Combined Assurance Reviews (CARs) and ensure GST compliance with insights on tax governance, voluntary disclosures, BAS preparation, and more. Our experienced team provides guidance to help you prepare for ATO scrutiny and maintain confidence in your tax affairs.
The ATO has been undertaking assurance reviews as part of its Tax Avoidance Taskforce since 2016. These reviews are designed to provide assurance to the Government and the business community that taxpayers are meeting their tax obligations.
Explore 2023 Division 7A loan rates, compliance, and tax impacts.
There is never an ideal time for receiving an ATO review, and the time commitment (and possibly the costs) can be significant when a taxpayer is ill-prepared.
As energy & resources businesses transition into development, the costs associated with inefficient structuring can be devastating from a tax perspective.
A recent case decided by the Administrative Appeals Tribunal (AAT) in December 2023 (Active Sports Management Pty Ltd and Industry Innovation and Science Australia) has found the registered activities were neither eligible core or supporting R&D activities as defined by the Income Tax Assessment Act (ITAA)1997 .
Calculating the amount of damages as part of an economic loss claim is not necessarily a simple matter of adding up a series of lost profits.
The employment taxes landscape in Australia is constantly evolving. There has been increased focus from the Australian Taxation Office and State Revenue Offices, leading to a rise in employment tax compliance audits.
The ATO's potential GST changes for renewable energy projects may pose financial challenges.
Family Businesses prioritise sustainability policies and actions that benefit their business and community, even before regulation around Environmental, Social and Governance (ESG) initiatives were mandated. This genuine drive allows family and mid-sized businesses to act authentically while integrating corporate terminology to create a competitive advantage.
Payroll issue rectification is the process of fixing the root causes of the underpayments and implementing changes to prevent future errors or non-compliance.
On 12 January 2024, Treasury released draft legislation on mandatory climate-related financial disclosures in Australia. Subject to the legislation being enacted by Parliament and receiving Royal Assent by the end of June 2024, the legislation will be in force for financial years commencing on or after 1 July 2024.