November 2023 Newsletter – Workers owed $3.6bn in super guarantee

Workers owed $3.6bn in super guarantee Workers are owed over $3.6 billion in superannuation guarantee according to the latest Australian Taxation Office estimates – a figure the Government and the regulators are looking to dramatically change. Superficially, the statistics on employer superannuation guarantee (SG) compliance look pretty good with over 94%, or over $71 billion,…

September 2023 Newsletter – The Billion dollar Tik Tok scandal

The Billion Dollar TikTok Scandal $1.7 billion paid out in fraudulent refunds, another $2.7bn in fraudulent claims stopped, around 56,000 alleged perpetrators and over 100 arrests to date. How did the TikTok tax scandal get out of control? “Everyone else got refunds, it’s OK, it’s just a temporary loan [from the ATO].” TikTok social influencer …

July 2023 Newsletter – The 120% technology and skills ‘boost’ deduction

The 120% technology and skills ‘boost’ deduction The 120% skills and training, and technology costs deduction for small and medium business have passed Parliament. We’ll show you how to take maximise your deductions. Almost a year after the 2022-23 Federal Budget announcement, the 120% tax deduction for expenditure by small and medium businesses (SME) on…