Taxation Articles

A Director Penalty Notice (DPN) from the Australian Taxation Office (ATO) is one of the most serious personal risks an SMB director faces. It can strip away the corporate veil, making you personally liable for specific company tax debts. Understan...

The modern accounting and finance landscape demands one thing: integration. For founders and business owners, the biggest risk in finance is the traditional model where your bookkeeper, tax agent, and CFO operate in separate, uninformed silos. At ...

In the world of business finance, two terms dominate the discussion around profitability: Accounting Revenue and Assessable Income. While they are often similar, the differences in their timing and treatment are fundamental to financial reporting ...

For small and medium business (SMB) owners, understanding what you can deduct is one of the most effective ways to reduce your taxable income and improve cash flow. However, the line between a fully deductible expense and a capital cost can be con...

In a major policy revision, the Australian government has abandoned its controversial proposal to tax unrealised capital gains on superannuation balances exceeding a set threshold. This element was a key, and highly contentious, part of the propos...

For founders who have grown their business organically, a complex web of entities is often the unintended result. A holding company here, an old trust there, and several dormant Pty Ltd. This complexity, while often justified for initial tax or as...

A unit trust is an investment vehicle established under a trust deed. Professional fund managers use them to pool collective money from various investors. The fund’s assets can include shares, bonds, property, and other securities. Investors...

Fringe Benefits Tax (FBT) is an area of Australian taxation that often catches business owners off guard. It’s a tax on non-cash benefits provided to employees, such as a company car, entertainment, or travel, in place of or in addition to their s...

The recent media landscape, including articles in the Australian Financial Review (AFR), has been buzzing with suggestions for significant tax reform. While these are currently just proposals and not yet law, they could have a profound impact on h...

By Mark Churchmichael – Head of Tax & Compliance For many in the dynamic sports & entertainment world, income can swing dramatically, one year a blockbuster deal, the next a quiet spell. And what about those unique expenses, like you...