Tax

The ATO has become far more proactive. With better data, real-time reporting, and stronger enforcement, it can now spot issues faster — and act on them sooner. For business owners, that means less room for error and far less tolerance for “we’ll fix it later.” Here are the key areas on their radar: Division 7A: Company Funds Are Not a Free-for-All If you’re taking money out of your company without a proper loan agreement, you’re exposed. Without the right structure — includin

Big refund. No upfront fee. Just a percentage when the money lands. It sounds like a win-win—but in the world of tax, that kind of deal can come with serious strings attached. The rise of “no win, no fee” tax advice Most tax professionals do the right thing. They help people navigate complex rules, stay compliant, and avoid costly mistakes. But there’s a growing pattern worth paying attention to: advisors who charge only a percentage of your refund—also known as contingency f