Do you have a gut feeling that you might be overpaying your taxes?
Perhaps you feel like your bank account balance doesn’t reflect the bill, or you feel like you…
Case Study 2
The Surprise of a DPN After Liquidation
For many directors, the decision to liquidate a company marks the end of financial worries tied to business debts. But…
Case Study 1
An Unwelcome Surprise: Facing a Director Penalty Notice
We have found that most people who receive a Director Penalty Notice (DPN) either don’t understand it, or have…
Every year, thousands of individuals and small businesses are audited by the ATO, and many find themselves in a dispute over the amount of taxes owed.
The beginning an audit…
If you have been or are unable to meet your tax obligations on time, being proactive and setting up a payment plan with the ATO can be one of your…
Employers may face a 200% penalty rate + interest for late or unfulfilled superannuation contributions. Although this has been the case for years, the ATO previously had adopted a lenient…
You would not be alone if you find the tax auditing process, at first glance, to seem wildly complicated and daunting. Things may seem even worse if you end up…
The measure to allow individuals to carry forward their unused concessional contributions (‘CC’) cap from previous financial years to a later year (‘the carry forward rule’) was announced on 3…
Concessional Contributions is the term applied to taxable superannuation payments that are contributed into someone’s superfund and which are taxed, at 15%, by that superfund. The use of the term…