Expert commentary on Australian tax law, accounting practice, and business strategy — written by the team at SNS Accounting Services.
Showing 10–18 of 19 articles
SMSFDivision 293 tax is an additional 15% tax on concessional superannuation contributions for high-income earners in Australia. This article explains who it affects, how it's calculated, and how to manage your obligations efficie
Financial PlanningIt's the beginning of the year, or quarter, or month and you have promised yourself (yet again) that you will set some time aside to organise your finances.
SMSFIt may seem like something out of a movie. A trusted adviser misappropriating funds for their own benefit. But it does happen. And when these events happen, we should take a moment to appreciate the regulatory bodies we have.
Tax PlanningThe government has introduced several tax reform measures that could significantly benefit both individuals and businesses. Here's what you need to know about these changes.
Business ManagementAs the new year approaches, leaving behind the unprecedented and challenging year that was 2020, many of us will be making new goals and resolutions.
Tax PlanningAccountants are normally the first person to be hired and last to be fired in a company. Why is that? Accounting and bookkeeping have been around for centuries. They have existed for almost as long as humans started engaging in trade and commerce.
GSTThe Administrative Appeals Tribunal (AAT) has recently overturned an ATO decision relating to a motor vehicle dealer's entitlement to GST input tax credit (ITC) and luxury car tax (LCT).
Tax Planning2020 has been a tough year for everyone. The pandemic has ravaged people and industries all over the world. With so much going on, it can be difficult to juggle our tasks and responsibilities.
Industry UpdatesATO warns of scammers impersonating tax agents. The ATO warns taxpayers to be aware of a phone scam intimidating people into paying fake tax debts.
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Worked in Australia on a temporary visa and now leaving the country? You may be able to claim your superannuation through DASP. Here’s a simple guide to help you understand who can claim, when to apply, what documents you need, and how the process works.
Running a small business means juggling a lot managing staff, keeping customers happy, watching your cash flow, and staying compliant with the ATO. With so much happening each day, it’s easy for tax obligations to slip through the cracks. But even small mistakes can lead to penalties, cash-flow issues, or even an ATO audit. To help you stay on top of things, here are some of the most common tax mistakes small business owners make and how you can avoid them.
31 October 2025 is a major ATO deadline affecting businesses, tax agents, and SMSFs. Learn which lodgments and reports are due to avoid penalties and stay compliant.