New Updates

Preparing for retirement can be a daunting task, especially in a constantly changing economic landscape. It's essential to have a solid plan in place to ensure that you're financially secure during your golden years.

Deciding what to pay yourself is one of the more uncomfortable decisions a business owner makes. Too little, and you are subsidising your own business at the expense of your personal financial stability. Too much and you drain the cash your business needs to operate and grow. Get the structure wrong, and the ATO may treat your drawings as something other than what you intended.

Roughly 14% of adult Australians carry a below-average credit score. That is more than two million people who will pay higher interest rates, face tighter loan conditions, or be declined outright when they apply for a mortgage or business finance.

A Family Trust Election is a tax election that helps Australian discretionary trusts access tax concessions and avoid penalty tax rules. It allows trustees to nominate a “test individual” and define a family group for tax purposes. In 2026, an FTE matters because it protects franking credits, preserves losses, and reduces compliance risk under increased ATO scrutiny. Trustees reviewing historic distributions should also note the 31 December 2026 deadline for proactive GIC remission, which may reduce interest exposure on past issues.

There is unsettling news for booming businesses in Australia: the Australian Taxation Office (ATO) is actively chasing large enterprises that under-report cash income in order to evade taxes. To maintain high-level precision in detecting these businesses, ATO is investing in technology-driven compliance programs to shrink the shadow economy.

Developing a successful business requires more than a decent concept or great idea. You must be highly organised, adaptable, and creative, and you must cultivate the ability to pay close attention to the specifics while maintaining an awareness of the bigger picture.

When assessing how well your company is doing, you most likely look at the cash that is coming in and going out to get a sense of how things are going, right? The trouble with it is that you are not looking at the whole picture; rather, you are simply considering one aspect of it.

Some people start their businesses with optimism and excitement. However, they soon discover that without a budget that has been carefully considered, they can't design a plan of action that will be effective. When you're running a company, it's easy to get caught up in the day-to-day operations and lose sight of the greater picture.

The Covid-19 disaster payment receivers will be able to take home more money, under the JobKeeper Wage Subsidy Program.