It’s common for business owners to utilise company resources for their personal use. The business is often such a part of their life that
the line distinguishing ‘the business’ from their life can be blurred.
While there are tax laws preventing individuals accessing profits or assets of the company in a tax-free manner, mistakes are being made
and the Australian Taxation Office (ATO) has had enough.
The ATO has launched a new
education
campaign
to raise awareness of these common problems and the serious tax consequences that can arise.
It’s important to know your chances of success before applying which is where a finance adviser can really help.
ALL DAY CONFERENCE @ Mornington Racecourse
6 May 2025 - 8:30am - 5:30pm
In today’s fast-changing world, staying competitive means embracing new trends and technologies. At B.I.T.E.
Conference 2025, you'll discover groundbreaking strategies and tools—like A.I. and robotic process automation—designed to
help you navigate and succeed in the evolving business landscape.
Treasury has released exposure draft legislation for Payday Super that will require employers to pay superannuation at around the same time as salary and wages are paid to the employee. The changes are proposed to commence from 1 July 2026.
Shannon Smit dives deep into the compelling world of using self-managed super funds (SMSFs) to invest in property. With her signature energy and expertise, Shannon explains the mechanics of SMSFs, contrasting them with retail and industry super funds, and revealing the unique power they offer individuals to take control of their financial future.
Treasury has released exposure draft legislation for Payday Super that will require employers to pay superannuation at around the same time as salary and wages are paid to the employee. The changes are proposed to commence from 1 July 2026.