‘No place to hide’: ATO puts contractors on notice over $1bn in missing TPAR payments

In a recent update, the ATO has urged contractors to verify their pre-fill information against their own records and declare all their business income, including income not reported through a taxable payments annual report (TPAR).

More of the same with latest missive from Treasury

The initial legislation was rushed into law despite widespread concerns raised by advisers, professional bodies and taxpayers.

Division 296 tax on large super balances

Div 296 tax is now in legislation and levied directly on the individual with balances over $3m in super fund.

How Do I Write Legally Compliant Terms and Conditions for My Business?

Terms and conditions bind your customers only where they actively accept them, so a tick box at checkout holds up where a footer link often does not.

Paid parental leave super contributions have started

From July 2026, the new Paid Parental Leave Superannuation Contribution (PPLSC) has started.

Steps to close a business

If the business is no longer profitable, and is unlikely to be profitable in the future, your best option may be to close your business.

How Our Diets have Changed.

Check out the this visualization, which tracks the evolution of dietary calorie intake from 1930 to 2026.

Taxpayer given 35% penalty for BAS recklessness

Following an application for a refund of nearly $94,000, the Administrative Review Tribunal has set aside an application for the remission of a 50 per cent penalty assessment. 

SMEs warned as ATO ramps up tax debt collection

One insolvency specialist has emphasised the importance of small businesses engaging their accountants to stay on top of their tax debts in light of increased ATO scrutiny of the SME market.

Does Your Small Business Need to Follow AML Privacy Rules?

Compliance with new anti-money laundering (AML) laws may subject your small business to additional privacy obligations it did not face before.

Don’t get caught out at tax time with your multiples jobs

Picking up a second job, holding multiple part-time roles, or doing gig work is now part of everyday life. But the way tax is withheld across multiple payers can lead to a surprise when you lodge your tax return. 

Global companies turn to cost-cutting amid ongoing inflation

Rising operating costs and persistent inflation are placing renewed pressure on businesses worldwide, despite signs that confidence is beginning to recover.