Pitfalls for lodging Early Before “Tax Ready” The Australian Taxation Office (ATO) cautions taxpayers about the risks of lodging tax returns too early. According to the ATO, individuals who file their returns in early July are twice as likely to make mistakes. This is because from late July, most information from employers, banks, government agencies, […]
Understanding the recent ATO crackdown on trusts The recent ATO crackdown on trusts will no doubt have some business owners (and even some advisors) asking themselves the question: Is this structure for business purposes still worth it? To recap, trust distributions have been under the ATO microscope in recent years. The latest ATO crackdown was
Trusts in Business | Navigating The ATO Crackdown & Evaluating Benefits Read More »