The US economy experienced a notable slowdown in the first quarter of 2025. The latest GDP data showed the economy contracted at an annual rate of -0.3%.

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Taxpayers that provide taxi, limousine or ride-sourcing services must register for GST regardless of their turnover.

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The ATO is warning the community about a 'proliferation of dodgy websites sharing fake news about changes to the superannuation preservation rules and withdrawal rules starting on 1 June.'

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If you are involved with running a not for profit (NFP) organisation it is important to be aware of key obligations and requirements.

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As the Labor party settle back into their seats having secured a majority in the House of Representatives, we look at the campaign promises and the unfinished business from the last term.

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The ATO advises new business owners that they need to understand their obligations to ensure they are 'getting it right from the start.'

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Taxpayers who have purchased or are purchasing a business asset this financial year should remember that the instant asset write-off limit is $20,000 for the 2025 income year.

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Important information about minimum pension payments for SMSF members receiving account-based pensions.

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Important information about CGT obligations when selling property, even with a foreign resident capital gains withholding clearance certificate.

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The ATO's fixed-rate method for calculating additional running expenses while working from home has been updated.

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The Administrative Review Tribunal upheld a truck driver's claim for meal expenses, notwithstanding that those expenses had not been fully substantiated.

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Important information about record keeping requirements for not-for-profit organizations.

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The ATO has tips for small business owners that can make their tax life easier.

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The ATO has updated its small business benchmarks with the latest data taken from the 2022–23 financial year.

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With the end of the financial year fast approaching we outline some opportunities to maximise your deductions and give you the low down on areas at risk of increased ATO scrutiny.

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Your customer is definitely not going to pay you? If all attempts have failed, the debt can be written off by 30 June to claim a deduction this year.

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The Government finally passed legislation increasing the instant asset write-off threshold for the year ending 30 June 2025 to $20,000.

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Before jumping in and committing to anything, it is important to understand the tax liabilities that might arise from property subdivision projects.

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In the 2025-26 Federal Budget the Government announced a ban on non-compete clauses and “no poach” agreements.

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From 1 July 2026, personal income tax rates will change.

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The superannuation guarantee rules are broad and, in some circumstances, extend beyond the definition of common law employees to some directors, contractors, entertainers, sports persons and other workers.

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The amount of money that can be transferred to a tax-free retirement account will increase to $2m on 1 July 2025.

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The ATO is currently focusing on the following 'specific risk areas', where it is concerned 'small businesses are getting it wrong'.

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With the 2025 fringe benefits tax ('FBT') year having just ended, the ATO is reminding employers of some changes that might impact their FBT obligations.

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Indexation of the general transfer balance cap will occur on 1 July 2025, increasing from $1.9 million to $2 million.

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The Administrative Review Tribunal held that a taxpayer was not entitled to the CGT small business concessions on the disposal of his interests in some farm land.

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Employers are reminded that employee super contributions for the quarter ending 31 March 2025 must be received by the relevant super funds by Monday, 28 April 2025.

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SMSFs must report certain events that affect a member's transfer balance account quarterly using transfer balance account reporting.

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Businesses that pay contractors for 'Taxable payments reporting system services' may need to lodge a 'Taxable payments annual report' by 28 August each year.

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The ATO has the following tips to help taxpayers get their BAS right before they lodge.

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