ATO

ATO Archives

income tax cut

Government urged to give certainty to small business over ‘crucial’ tax breaks

“This uncertainty has highlighted the need for predictability and certainty so a small business can plan in a sure-foote...

Four ways to reduce your business tax bill this EOFY

Small businesses can pre-pay up to 12 months of certain deductible expenses before EOFY (such as rent, subscriptions and...
tax obligations

ATO issues warning about the three most common tax filing errors

In 2023 more than eight million people claimed a work-related deduction, with around half of those claimed a deduction r...
expense management, expenses

The biggest challenges Aussie start-ups face…and how to overcome them

Failing to set money aside to pay tax is one of the most common pitfalls that new businesses fall into.

ATO offers free online tax and superannuation support for small businesses

The ATO platform include tips on areas where small-business owners commonly make mistakes, such as GST and business dedu...

Stricter ATO tax debt policy to affect small businesses

Small businesses have found it easier to apply for finance in the form of a payment plan with the ATO than a loan from a...

ATO urges small businesses to act before tax penalty amnesty deadline

Small businesses with tax payments due for the period 1 December 2019 to 28 February 2022 have until 31 December to avai...

Having a staff Christmas party? The ATO has put you on notice

If you throw a Christmas function for your staff off-site the cost of providing the party would normally be treated as a...
super

ATO underscores need for timely payments for tax and super

Aside from potential penalties, interest on overdue tax debts compounds daily at an annual rate of 11.15 per cent.
late payments, payment times

Businesses reminded to pay their tax debts to avoid disclosure to credit agencies

Disclosures on tax debts can adversely impact a business's ability to receive financing in the future.