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Contractor or Employee: ATO’s Cautionary Guidelines
Navigating the complexities of employment classifications, the Australian Taxation Office (ATO) issues a stern warning that simply designating a worker as an independent contractor in an agreement does not automatically align with tax and superannuation purposes. The presence of an Australian Business Number (ABN) is also not conclusive evidence of genuine contractor engagement. Clarifying the…
Debt Swap – transforming interest from non-deductible to deductible
Want to save on home mortgage interest? If you are self-employed read on, this may the best thing you have read in years. Fact – Almost all home owners pay their interest in after-tax dollars. Fact – Paying interest in pre-tax dollars is a much better arrangement. The above statements are so obvious that many…
FBT and Work Vehicles: What Businesses Need to Know in 2026
For many businesses, Fringe Benefits Tax (FBT) has long been treated as a once a year obligation — something addressed after 31 March and then pushed aside until the next cycle. That approach is becoming increasingly risky. In 2026, the Australian Taxation Office (ATO) has clearly signaled that FBT compliance, particularly work vehicles that are used or available for…
Travel records under the microscope
If you regularly travel overseas, your travel history could become more important when it comes to your Australian tax affairs. On 24 August 2026, the ATO announced its latest passenger movements data-matching program. Under the program, the Department of Home Affairs is expected to provide the ATO with travel information for around 115,000 individuals each…
Planning to Avoid Bad Debts
It is a truism that great results are almost always the outcome of great planning. Today, courtesy of Results Legal, we reproduce an article by Anna Taylor. Entitled “The Pre-Emptive Strike”, Anna examines what needs to be done to ensure that you have the best possible chance of recovering trade debts outlined in a simple…
Why your advisers are asking more questions: New AML laws
From 1 July 2026, engaging an accountant or lawyer for certain transactions may involve a few extra questions and identification checks. If your adviser asks you to provide documents like your driver’s licence, passport, or details about your business or the source of your funds, there’s no need to be concerned. These requests are part…

