When you lodge your tax return, you’re required to declare that the information provided is “true and correct.” This declaration has legal and financial implications. Understanding what this means is essential to ensure compliance and avoid penalties. You need to understand this even if you use a registered tax agent. […]

Navigating the complexities of the Australian tax system can be daunting. While preparing your tax return yourself is possible, many Australians turn to tax agents for their expertise. Not all tax agents are created equal, and it’s essential to ensure your chosen professional is registered with the Tax Practitioners Board […]

Any digital footprint that you leave or whenever you submit your TFN to any organisation, the ATO can find and use this information. Facebook, LinkedIn, Instagram, Bank Accounts, Stockbroking accounts – here and overseas….. data is available. Even your incoming and outgoing passenger information can be capture and requested by […]

I’m going to purchase a car in my company name to get back the GST. Sounds like a good idea, but beware of the FBT consequences. You know there will be some private use on that car, so it is good to consider this up front, before the FBT bill […]