In Australia’s booming healthcare sector, private clinics – including medical, dental, allied health, and cosmetic practices,  play a pivotal role. While these clinics excel in patient care, many fall short when it comes to financial health. A significant factor behind this is a series of accounting mistakes that can snowball into regulatory issues, cash flow problems, and missed opportunities.

Effective 1 July 2025, the Australian Taxation Office (ATO) will no longer allow tax deductions for General Interest Charges (GIC) incurred on late payments of tax. This includes interest charges applied to payment plans arranged with the ATO. These changes…

Foreign investment offers Australian investors the opportunity to diversify portfolios, access emerging markets, and capitalise on global growth. However, it also introduces a spectrum of risks—geopolitical, regulatory, financial, and operational—that can impact returns and long-term viability. With Australia’s evolving foreign…

Running a healthcare practice—whether it’s a general medical clinic, dental surgery, or veterinary practice—requires more than clinical excellence. Success in these sectors also depends on how well the business side of things is managed, especially when it comes to finances….

Overview The 2025 tax year ends on 30 June 2025, and therefore, it is essential for high-net-worth individuals to plan well in advance to ensure that all available tax minimisation opportunities are utilised. Early tax planning enables you to maximise your wealth while…

In Australia, planning for retirement is a vital part of financial stability. One option increasingly being explored by Australians is setting up a Self-Managed Super Fund (SMSF). Unlike industry or retail super funds, an SMSF gives you greater control over…

Running a small business in Australia is no small feat. Between juggling operations, managing staff, and trying to grow your customer base, taxes can easily become a source of stress, confusion, and costly mistakes. That’s where tax agents become invaluable,…

The Australian Taxation Office (ATO) has long played a crucial role in maintaining fairness within Australia’s tax system. In 2025, the ATO is ramping up its compliance and enforcement efforts, placing businesses—especially small and medium-sized enterprises (SMEs)—under the microscope. With…

The Living-Away-From-Home Allowance (LAFHA) is a significant benefit for many Australian employees who are required to live away from their usual place of residence for work purposes. As of 2025, understanding the intricacies of LAFHA is crucial for both employees…

Australia is one of the most business-friendly countries in the world, boasting a strong economy, a stable political environment, and an open market. With a wealth of opportunities across various industries, foreign entrepreneurs looking to establish themselves in Australia have…