06.11.25
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ATO Crypto Rules and SGC Penalties: What Every Business Owner Needs to Know
When it comes to managing your tax and superannuation obligations, two areas that often cause confusion are the rules that the ATO have set for cryptocurrency and Superannuation Guarantee Charge (SGC) penalties. Both can have serious financial consequences if misunderstood, so it’s important to be clear on how the Australian Taxation Office (ATO) treats cryptocurrency,…
When Are Company Tax Returns Due in Australia?
Unlike the well-known individual tax return deadline of October 31, your company’s tax return deadline can vary. When are company tax returns due? That depends on your company’s size, tax status, and whether or not you’ve been granted extensions. Keeping track of due dates can be a hassle with everything else you’ve got going on…
Understanding Eligibility for the Main Residence Exemption
Selling a property in Australia can come with significant tax consequences, especially when it involves Capital Gains Tax (CGT). However, homeowners may be eligible for the main residence exemption, which can reduce or even eliminate any CGT liability on the sale of their primary home. Claiming the main residence exemption requires meeting specific conditions and…
The ATO Is Chasing $35 Billion in Unpaid Taxes From SMEs. Are You Prepared?
According to the ATO’s Commissioner of Taxation 2023-24 Annual Report, Australia’s collectable tax debt totalled $52.8 billion by June 30, 2024. It’s estimated that as much as $35 billion of that debt is owed by small and medium-sized enterprises (SMEs). Are you one of them? From July 1, 2025, the ATO is stepping up its…
Other Insights from Pherrus
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ATO Crypto Rules and SGC Penalties: What Every Business Owner Needs to Know
When it comes to managing your tax and superannuation obligations, two areas that often cause confusion are the rules that the ATO have set for cryptocurrency and Superannuation Guarantee Charge (SGC) penalties. Both can have serious financial consequences if misunderstood, so it’s important to be clear on how the Australian Taxation Office (ATO) treats cryptocurrency,…
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When Are Company Tax Returns Due in Australia?
Unlike the well-known individual tax return deadline of October 31, your company’s tax return deadline can vary. When are company tax returns due? That depends on your company’s size, tax status, and whether or not you’ve been granted extensions. Keeping track of due dates can be a hassle with everything else you’ve got going on…
-
Understanding Eligibility for the Main Residence Exemption
Selling a property in Australia can come with significant tax consequences, especially when it involves Capital Gains Tax (CGT). However, homeowners may be eligible for the main residence exemption, which can reduce or even eliminate any CGT liability on the sale of their primary home. Claiming the main residence exemption requires meeting specific conditions and…