As tax season gets underway, the Australian Tax Office (ATO) is advising accountants to warn their clients about possible scammers. The ATO has noticed an uptick in scammers seeking to impersonate the authority on social media platforms, where some taxpayers go to find assistance for their tax and super concerns.…

It is tough news for Australians servicing student loans as the latest indexation to be applied will be the highest in the last three decades. The government does not charge interest on student loans but does apply an annual adjustment that keeps the debt in line with the rising cost…

Stage 3 tax cuts that are expected to take effect in 2024 will benefit men more than women. This is primarily due to the gender pay gap that has seen a higher proportion of men attain higher salaries through negotiations with management and not having to take time out of…

Landlords and their accountants have been forewarned of added scrutiny by the ATO regarding rental property deductions. The ATO appears to have made the issue a priority this year, alongside CGT and work-related expenses for work-from-home employees. ATO assistant commissioner, Tim Loh, said that the authority had identified common mistakes…

At Accountancy Insurance, we take the security of our own data as well as the data of our clients very seriously.  Within our security protocols we have established a set of policies, processes and controls designed to produce predictable information security outcomes. These are just a few of the ways…