March/ April ATO Compliance

ATO lodgement and due dates for February and March 2025. March 2025 21 March Lodge and pay February 2025 monthly business activity statement. April 2025 21 April Lodge and pay quarter 3, 2024–25 PAYG instalment activity statement for head companies of consolidated groups. 28 April Pay quarter 3, 2024–25 instalment notice (form R, S or T). Lodge the notice only if you are varying the instalment amount. Make super guarantee contributions for quarter 3, 2024–25 to the…  Read more

Tax Tips For Business Owners

Want to avoid paying more than you should come tax time? Or a frantic last minute search for missing financial records? New business owners have a lot on their plate, and can easily lose track of an approaching tax deadline or financial data needed to submit their return. Organisation is key when preparing for tax time. As is taking advantage of the many tools and resources out there to support…  Read more

What to do if you get audited

No business owner looks forward to a letter from the ATO requesting a closer look at the books. If you’ve received an audit letter – an official request by the tax office to review your accounts and confirm your taxes have been paid to date – don’t panic. Prepare. These four steps will help you get through the process with minimal stress and the best possible outcome. Respond promptly If…  Read more

4 end of the year financial planning tips

The end of the year is typically a reflective time. Something about that lull between holiday festivities and New Year’s Eve sets the stage for introspection and review. While you’re busy reflecting on the year that’s ending and the new one about to begin, make sure you take some time to consider your finances. Here are some financial tasks that should be on your must-do list before the calendar rolls…  Read more

Tax tips for new business owners

Want to avoid paying more than you should come tax time? Or a frantic last minute search for missing financial records? New business owners have a lot on their plate, and can easily lose track of an approaching tax deadline or financial data needed to submit their return. Organization is key when preparing for tax time. As is taking advantage of the many tools and resources out there to support…  Read more

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