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tax avoidance

The Assault on Professional Services

The ATO has signalled that it is willing to pursue professional services firms who divert profits to avoid tax.Two new cases before the Administrative Appeals Tribunal demonstrate how serious the Aust...
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budget

Budget 2024-25

The 2024-25 Federal Budget is the third for the Albanese Government and consistent with previous years, the primary themes are expected to be the cost of living and the economic shift to net zero. Acc...
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SMSf

Warning on SMSF Asset Valuations

The ATO has issued a warning to trustees of SMSFs about sloppy valuation practices.ATO data analysis has revealed that over 16,500 self managed superannuation funds (SMSFs) have reported assets as hav...
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