An accountant that is preparing tax returns. Accounting and tax return documents, pages and calculators. An elderly couple planning with their superannuation funds. A business man working on his investment property in Gordon.

Latest News

ATO hit list 2025 – Key Areas Under Review

The ATO has released its compliance focus for 2025, and it's sharpening its tools in the following areas:

.

🔹 Work-Related Deductions – Claims for working from home, mobile phone/internet, motor vehicle use, and items under $300 are under close watch. Make sure you have proper records to support your claims.

🔹 Property Claims – Rental and holiday home deductions must be accurate and only claimed for eligible periods. Joint ownership must be split correctly.

🔹 Sharing Economy Income – Income from platforms like Uber, Airtasker, Airbnb, and Stayz must be declared. The ATO receives data directly from these platforms.

🔹 Cryptocurrency – The ATO is matching data from exchanges to ensure crypto profits (and losses) are reported correctly.

🔹 GST & Cash Economy – High-risk industries like construction, retail and hospitality are being audited for GST fraud and undeclared income.

✅ Tip: Keep clear records and ensure your claims are legitimate. If you need help navigating tax time, our team is here to ensure your return is compliant and maximised.

 

 

Hot Issues

Latest Accounting News

  • ‘Results in paying more tax’: ATO warns Australians against early super access

    The Tax Office is warning Australians against accessing their superannuation early for expenses related to inconsequential matters, events or items.

  • Employee or Contractor ?

    Before expanding your team, ensure your business can support the new role financially and operationally. Focus on hiring individuals who are adaptable and share your company’s values to foster a cohesive and resilient team. Establish clear onboarding processes and provide ongoing support to integrate new hires effectively.

  • Inherited assets: what you need to know about pre-CGT v post-CGT investments

    Inheriting assets, whether it’s a family home, shares, or an investment property, can offer significant financial benefits, but it often comes with unexpected challenges. 

  • WHS and OHS Regulatory Update: August 2025

    Officers have an ongoing duty to ensure their organisations remain compliant and stay informed about work health and safety matters. This update covers recent developments to help officers meet their obligations and stay current with WHS changes. 

Tax Specialists

We specialize in providing proactive tax planning strategies for our clients. High earning individuals and business clients can benefit by speaking to one of our tax advisors.

Bookkeeping

Good, fundamental book keeping will ensure that your accounts are up to date and give you proper control of your business. With over 85% of business failure attributed to poor financial control, skilled and professional bookkeeping will give you results that speak for themselves.

Superannuation Planning

Taking the time to plan for your future makes good financial sense. Ensure you have the money to live the lifestyle you'd like during your retirement.

Investment Properties

Preparation of negative gearing tax schedules for all investment properties. Including Depreciation Calculations and Special Building Write offs.