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Bowerman and the Commissioner of Taxation
The case of Bowerman v Commissioner of Taxation highlights the importance of correctly characterising income and the treatment of tax...

Hai Young Hong
Aug 211 min read


New Taxpayer Alert Investigates Rising Risks of GST Refund Fraud
In recent weeks, a new taxpayer alert has been issued to address the rising risks of Goods and Services Tax (GST) refund fraud. This...

Hai Young Hong
Jul 293 min read


Accrual vs Cash Basis Accounting: Which Method Suits Your Business Best
Deciding between accrual and cash basis accounting is a significant choice for any business owner. The method you choose can shape how...

Hai Young Hong
Jul 173 min read


Implications of the New $2 Million Transfer Balance Cap for Retirees
This year, the transfer balance cap for superannuation has been raised from $1.9 million to $2 million, marking a major shift for...

Hai Young Hong
Jul 103 min read


Key Tax and Business Changes Coming into Effect from 1 July 2025
As the new financial year approaches, businesses and individuals in Australia need to be aware of several important tax and regulatory...

Hai Young Hong
Jun 243 min read


How the ATO knows if you’re cheating on your taxes
The Australian Taxation Office (ATO) has significantly enhanced its data collection and analysis capabilities, enabling it to detect tax...

Hai Young Hong
Jun 101 min read


End of Financial Year Checklist: Key Tax & Accounting Tasks for June
The end of the financial year (EOFY) is fast approaching, and now is the time to take action to maximise tax savings, improve cash flow,...

Hai Young Hong
Jun 52 min read


Distinctions Between Business Structures in Australia
When starting a business in Australia, choosing the right business structure is one of the most important decisions you will make. The...

Hai Young Hong
May 273 min read


Understanding ATO Tax Compliance Requirements for Australian Businesses
Tax compliance is a vital aspect of running a successful business in Australia. The Australian Taxation Office (ATO) outlines specific...

Hai Young Hong
May 263 min read


Exploring the Diverse Landscape of Business Structures in Australia
Starting a business in Australia can be exciting and challenging. It’s essential to grasp the various legal structures available, as they...

Hai Young Hong
May 263 min read


Complexities of the Australian Tax Return System Explained
The Australian tax return system is essential for managing finances for both individuals and businesses. Grasping its nuances not only...

Hai Young Hong
May 263 min read
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