The 12-Month Prepayment Rule for Small Businesses (2025-26)
By Peter Economos, CA — Managing Director Reviewed by Ben Wong, FCA, CTA — Director (Tax) Last Reviewed: May 2026 The 12-month prepayment rule allows…
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By Peter Economos, CA — Managing Director Reviewed by Ben Wong, FCA, CTA — Director (Tax) Last Reviewed: May 2026 The 12-month prepayment rule allows…
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By Ben Wong, FCA, CTA — Director (Tax) Reviewed by Peter Economos, CA — Managing Director Last Reviewed: April 2026 The $20,000 instant asset write-off…
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Concessional super contributions reduce business tax only when the company’s tax rate, the director’s income, and the director’s total super balance align with the deduction’s…
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Three conditions govern a bad debt deduction under s25-35 ITAA 1997. The debt must have been included in assessable income. It must be genuinely unrecoverable.…
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Tax minimisation before 30 June is not a universal strategy. For some business owners, it is the right move. For others, it quietly reduces their…
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Professional tax support covers compliance, advisory, structuring, and ATO dispute management across income tax, GST, CGT, and government incentive programs. Growing businesses reach a complexity…
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The Australian Taxation Office (ATO) cross-references over 2.7 billion data points from banks, employers, government agencies, and digital platforms against taxpayer returns each year. Income…
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The ATO selects audit targets through automated data matching across 600+ sources and risk profiling algorithms. Eight red flags increase audit probability, from unreported income…
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The ATO selects businesses for audit through data matching programs, industry benchmarking, and risk profiling. Audits typically examine 2-4 years of records, extending to unlimited…
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