Smarts Spotlight

ATO warns taxpayers about shady WFH claims, wash sales and more as Aussies try to combat higher living costs

Sophie Venz

27 June 2022

The Australian Taxation Office has warned taxpayers about making false claims to combat the rising cost of living, or engaging in 'wash sales'.

It’s tax time and scams are everywhere. Here’s what to look out for

Don Tan

21 June 2022

This year, scammers have already made headway on their tax-related harvest. The ATO has reported a rise in phishing attempts related to cryptocurrency tax evasion and offers of TFNs.

Seven steps to help ease your stress levels this EOFY

Plus exclusive

From one business owner to another, here are seven pragmatic steps you can take to ease the load at this time of year.

ATO urges business owners to get on top of superannuation changes

Sophie Venz

2 June 2022

The Australian Taxation Office (ATO) has issued a reminder to business owners regarding upcoming changes to superannuation, active as of July 1, 2022.

Five tips to grow your business on a shoestring budget in the new financial year

Plus exclusive

Strategy

Here are a few cost-effective, scalable ways to grow your business without breaking the bank in the new financial year.

What small businesses can claim on this tax year: COVID-19, natural disasters and more

Plus exclusive

Finance

Here are how certain government grants will factor in your business tax return, including COVID-19 and natural disaster support payments.

The ATO has put professional business owners on notice. Here’s what you need to know

Plus exclusive

Finance

The Australian Taxation Office has issued its new approach to professional firm profits, but what does the new guideline mean for business owners?

Have your staff been working from home? Here are your EOFY obligations

Plus exclusive

Finance

The shift to working from home means there are several challenges that an employer now has to overcome, both managerial-wise and with professional tax obligations. 

Explained: How to prepay expenses this financial year to benefit your business

Plus exclusive

Finance

If you had a profitable year this financial year, but think that next year will not be as profitable, it is worth considering paying for next year’s expenses prior to June 30, 2022.

Major ATO website outage puts accountants on edge ahead of June 5 concession deadline and HECS-HELP indexation

David Adams

30 May 2022

A major Australian Taxation Office (ATO) website outage left small businesses and accountants unable to file claims over the weekend.