ATO

ATO Interest – No longer tax deductible. Ouch!

Had some cashflow issues and copped ATO interest? Until now, at least you could claim it. But from 1 July 2025, that little win is gone. No deduction. No perks. Just pain. This article gives you the heads-up on what’s changing, why it’s happening, and the one simple step you can take to avoid it.

Bucket Companies – The ATO Got It Wrong?

Big news for business owners using trusts and bucket companies— a recent court ruling just challenged the ATO’s long-held stance on Division 7A. This could mean less tax and admin hassle for you. Before making changes, here’s what you need to know and how it could impact you…

Costly Land Tax Errors and How to Fix Them

Are you paying too much in Victorian land tax? Many property owners make simple mistakes that can lead to higher tax bills. In this article, we break down the two most common errors — incorrect ownership details and the trust surcharge — and show you how to fix them. Don’t let a misunderstanding cost you more than it should. Read on to ensure you’re only paying what you owe!

ATO Cracks Down on Rental Property Owners

The ATO is cracking down on rental property owners, with 90% of rental schedules found to contain errors. From misreporting Airbnb income to incorrect deductions, this article highlights common mistakes and how to avoid them. Stay compliant and avoid costly audits—read on for essential tips.