From 1 January 2025, every property sale in Australia requires an ATO Clearance Certificate—regardless of value. If you don’t have one before settlement, the buyer must withhold 15% of the sale price and send it to the ATO. This guide explains everything sellers and buyers need to know about ATO Clearance Certificates, the application process,
From 1 January 2025, every property sale in Australia requires an ATO Clearance Certificate—regardless of value. If you don’t have one before settlement, the buyer must withhold 15% of the sale price and send it to the ATO. This guide explains everything sellers and buyers need to know about ATO Clearance Certificates, the application process,
The Full Federal Court has ruled that UPEs are NOT loans under Division 7A, overturning the ATO’s stance. This game-changing decision impacts trusts, corporate beneficiaries, and tax planning. Find out what it means for your business and what happens next.
Managing your Business Activity Statement (BAS) due dates is crucial for avoiding penalties and staying compliant with the Australian Taxation Office (ATO). This guide covers the key BAS due dates for 2025, including quarterly and monthly submission deadlines. We’ll also explore how to manage important tax obligations, such as PAYG withholding and GST reporting, while
Pay As You Go Instalments (PAYGI) allows business owners to spread their income tax payments across the year in manageable quarterly instalments. Instead of facing a large tax bill at the end of the financial year, PAYGI helps ease the cash flow burden. It’s important to choose the right calculation method—either based on your previous
