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The ATO has shifted its focus from providing assistance with taxes through the pandemic to now re-establishing the culture of businesses paying their tax debts on time. Beginning in July 2023, The ATO has issued notices of intent to disclose…

Buying an established business is a great way to enter into the business world, or to expand your existing business empire. But purchasing a company isn’t something to enter into lightly. Becoming the prospective owner of a new business means…

Running a busy and successful business means you often don’t have the time to step back and work ON the business. This can be a challenge if your aim is to grow and scale the company. As experienced professional business…

Being the boss means you get to make all the big decisions about your business – including how much to pay yourself in wages, salary, or drawings. As the owner, you might need to underpay yourself in the early stages…

If your business is eligible, it may benefit you to claim an immediate deduction for business assets bought and used this financial year. This means you claim the entire expense of the asset rather than depreciating it and apportioning the…

Economic uncertainty is an ongoing worry for any business owner. You can control your own financial management, but you don’t have any direct control over the wider macro-economy. And in the first few years of the 2020s, there have certainly…