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ATO Interest Charges Hit Harder: Tax Deductions Gone from 1 July 2025
The Federal Government has announced that from 1 July 2025, (subject to the measures being introduced as law) businesses and individuals will no longer be able
Small Business Restructuring (SBR) – Eligibility and Benefits
Small Business Restructure (SBR) – Eligibility and benefits The SBR legislation was enacted in 2021 and allows eligible SMEs to compromise their debts with creditors
Duty to Prevent Insolvent Trading
An updated guide for directors Section 588G of the Corporations Act 2001 is crucial for directors to understand, as it imposes strict obligations to prevent
Understanding the ATO’s Data-Matching Programs
A Guide for Accountants The Australian Taxation Office (ATO) has ramped up its efforts to ensure compliance by using sophisticated data-matching programs. These programs cross-reference
Urgent company reinstatement to avoid a DPN – Gregg v ASIC
The case revolves around Bradley Stuart Gregg, a former director of a deregistered company, JR Serra Proprietary Limited. Gregg sought a court order to reinstate
Understanding the Low Adoption of Simplified Liquidations: What Accountants Need to Know
Understanding the Low Adoption of Simplified Liquidations: What Accountants Need to Know Since the introduction of the simplified liquidation reforms in 2021, there has been
