Australia
EOFY 2025: Essential tax actions amid election uncertainty

By William Buck on 14/09/23 - Mins to read: 3 minutes

As we approach the end of the 2025 financial year, tax planning presents a range of unique challenges and opportunities, particularly with the Federal Election just around the corner. The outcome of the election will play a crucial role in determining whether proposed legislative measures are reintroduced to the next...
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The ATO’s shift in focus and the loss of GIC and SIC deductibility

By Scott Harrington on 14/09/23 - Mins to read: 3 minutes

The Australian Taxation Office (ATO) has signalled a significant shift in its compliance approach under the new Commissioner. Moving away from the supportive stance adopted post-COVID, the ATO is now emphasising timely lodgement and payment of tax debts to ensure fairness across all taxpayers. This change in focus means that...
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Rough seas ahead for R&D tax incentives?

By Jack Qi on 14/09/23 - Mins to read: 3 minutes

There is a prevailing belief that the 2025-2026 Federal Budget was a non-event for the majority of us in the Australian tech sector. But besides being a missed opportunity to move the dial for Australian founders, are there any risks to watch out for in the Budget? Well, yes, actually....
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Supporting your company through transition: A Director’s guide

By Helen Ali-Happala on 14/09/23 - Mins to read: 3 minutes

Directors have a fundamental responsibility to act in the best interests of their company, and the Corporations Act outlines a range of duties and obligations to ensure this occurs. Understanding and fulfilling these obligations is crucial, particularly when a company faces financial distress. Sections 180 to 184 of the Corporations...
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Safeguarding your business with debt protection insurance

By Amy Gill on 14/09/23 - Mins to read: 3 minutes

For many businesses, taking on debt is a strategic and often necessary step towards achieving growth, funding investments or expanding into new markets. Loans, lines of credit or other financial obligations can serve as the fuel that powers a business’s success. However, these financial commitments come with inherent risks, especially...
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Federal Budget 2025 | Key theme highlights

By William Buck on 14/09/23 - Mins to read: 3 minutes

1. Cost of living measures Tax cuts for all taxpayers Further to the tax cuts implemented in July 2024, the Government will provide additional tax cuts in 2026 and 2027. The 16% tax rate for incomes between $18,201 and $45,000 will be reduced to 15% from 1 July...
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