by Canning Tax & Advisory | 21 May 2024 | Business Operations, Business Planning, Tax Compliance
Late last year, thousands of taxpayers and their agents were advised by the Australian Taxation Office (ATO) that they had an outstanding historical tax debt. The only problem was, many had no idea that the tax debt existed. The ATO can only release a taxpayer from a...
by Canning Tax & Advisory | 21 May 2024 | Tax Compliance
From 1 July 2024, the amount you can contribute to super will increase. We show you how to take advantage of the change. The amount you can contribute to superannuation will increase on 1 July 2024 from $27,500 to $30,000 for concessional super contributions and from...
by Canning Tax & Advisory | 21 May 2024 | Tax Compliance
The revised stage 3 tax cuts have passed Parliament and will come into effect on 1 July 2024. Before the new tax rates come into effect, check any salary sacrifice agreements to ensure that they will continue to produce the result you are after. This is general...
by Canning Tax & Advisory | 21 May 2024 | Business Operations, Tax Compliance
It’s not uncommon for business owners to pour their money into a business to get it up and running and to sustain it until it can survive on its own. A recent case highlights the dangers of taking money out of a company without carefully considering the tax...
by Canning Tax & Advisory | 21 May 2024 | Tax Compliance
Environmental, Social, and Governance (ESG) issues are increasingly on the agenda for business leaders. What does this mean and what actions should be taken? Here are some considerations to guide leaders on this evolving topic. In recent years, Environmental,...
by Canning Tax & Advisory | 20 Nov 2023 | Tax Compliance
What can businesses do to protect themselves against this financial fraud? Here are some guidelines. In a world of digital financial networks and online commerce, the risks of cyber fraud are greatly increased. What is cyber fraud? Cyber fraud is criminal activity...
