Non-Charitable NFPs: New Income Tax Reporting Requirements
Effective from the 2023/24 financial year, all non-charitable NFPs that self-assess as income tax exempt must now lodge an annual self-review return with the ATO.
Tax Avoidance vs Tax Evasion in Australia: Key Differences & Consequences
Tax avoidance refers to the legal methods individuals and businesses use to minimise their tax liability while still adhering to the tax laws in Australia.
What is a Director Penalty Notice?
A Director Penalty Notice (DPN) is a serious form issued by the Australian Taxation Office (ATO) that can make directors personally liable for certain tax debts of their company.