Every year Australian Taxation Office (ATO) has key areas of focus that they target for auditing. In the 2025-2026 year the ATO has indicated some of their areas of focus which this article outlines.
Blog / GST
When do you have to register for GST?
As seen in Woopi News April 2025 There is often confusion over when a business needs to register for Goods and Services Tax (GST). If you earn income under an Australian Business Number (ABN) and your annual turnover is $75,000 or more, you need to be registered for...
What is a Business Activity Statement (BAS)?
As seen in Woopi News February 2025 When a business is registered for GST, it is required to lodge a Business Activity Statement (BAS). For most businesses this is every three months (quarterly), with monthly or annual options being less common. Some business owners...
Tax Implications When a Business Sells a Motor Vehicle
It is important that business owners understand the tax implications when they dispose of a motor vehicle.