News

Category: ATO matters

EMPLOYER OBLIGATIONS
EMPLOYER OBLIGATIONS Employer obligations are an ongoing consideration for business owners and their employees –...
CRASH COURSE IN YEAR END TAX PLANNING
TAX PLANNING If you thought that estimating or predicting your tax bill ahead of time...
DOES THE SALE OF YOUR PROPERTY QUALIFY FOR THE CAPITAL GAINS TAX – MAIN RESIDENCE EXEMPTION?
MAIN RESIDENCE EXEMPTION Have you sold your home or looking at selling your home and...
NEGATIVE GEARING PART 2
Negative gearing Negative gearing has been called a lot of things in the media lately…...
HOLD YOUR HORSES – FRINGE BENEFITS TAX
FRINGE BENEFITS TAX If you’re thinking about buying a ute for your business, here’s what...
NEGATIVE LOGIC ON NEGATIVE GEARING & WORK RELATED DEDUCTIONS
NEGATIVE LOGIC ON NEGATIVE GEARING & WORK RELATED EXPENSES Negative gearing:  In accounting the matching principle...
THE $20 BILLION DOLLAR PROBLEM
Were you aware that Small Business owes 60% of the $20 billion currently owed to...
TURNING INCOME TAX INTO SUPERANNUATION SAVINGS
Well-informed employees can turn, what would have been an income tax liability, into extra super...
DEALING WITH THE ATO
The ATO was in the news again recently because of a serious flaw in their...
WORKING OUT YOUR TAX RESIDENCY
One of the very first questions you are asked on your tax return is:...
FAMILY HOME – CGT – TAMPERING WITH THE SACRED COW
 – FAMILY HOME – Capital Gains Tax (CGT) –  TAMPERING WITH THE SACRED COW “Moo!”...
THE PRICE OF CASH
The Australian Taxation Office (ATO) has had a crack-down on cash payments in the construction...

Latest News

Understanding business structures: tax, liability and asset protection
Your chosen business structure has massive implications for your tax liability, asset protection and cost....
New GST reporting rules for small businesses
The Australian Taxation Office (ATO) recently announced that over 3,500 small businesses will be moved...
Optima Partners to host 4th annual Perth Car Club meet
Optima Partners is proud to host Perth Car Club’s fourth annual anniversary meet-up at our...
Key Dates: April 2025
21 April: Lodgement and payment of March 2025 monthly business activity statement 21 April:...
Selling your business: Best practices
Selling your business is a major decision and a milestone in your career. Whether you’re...
No silver bullet: Plumbing Bros founder discusses expansion
Plumbing Bros Director and CEO James Riddle is no stranger to adversity in business. Despite numerous...
Controversial super tax remains in limbo
The Treasury Laws Amendment Bill 2023, containing the controversial Division 296 tax on superannuation balances...
Key Dates – March 2025
21 March : Lodgement and payment of February 2025 monthly business activity statement. 31...
Buying a business: Seven best practices
Buying a business is great option for entrepreneurs looking to break into the market, and...
2024 -25 Fringe Benefits Tax Year: Preparing for the 21 May Deadline
March 31 marks the end of the 2024-25 Fringe Benefits Tax (FBT) year, meaning that...