ATO audits are becoming more sophisticated, using AI-driven analysis and data-matching programs to spot discrepancies in tax returns. Here are the main red flags: 1. Unusual Deductions The ATO compares your claims to similar income earners using ‘near-neighbour’ data. Example: A call centre worker claiming car or protective clothing expenses may be flagged for review.… Continue reading ATO Focus Areas for 2025: What You Need to Know to Lodge Confidently
As we move into the final stretch of the 2024-25 financial year, the Australian Taxation Office (ATO) has announced several key updates that could affect how you prepare your tax return. Whether you’re a remote worker, a rental property owner, or simply trying to stay organised, these changes could mean more deductions or potential pitfalls… Continue reading Working From Home? Own a Rental? Here’s What You Need to Know Before EOFY 2025
In a move set to benefit millions of Australians, the Federal Government has announced major reforms to the HECS-HELP (Higher Education Loan Program) and student loan repayment system. These updates aim to ease the financial burden on graduates, make repayments more equitable, and offer immediate debt relief. Here’s a full breakdown of what’s changing, when… Continue reading Big Changes to HECS-HELP and Student Loan Repayments: What You Need to Know
Navigating the world of taxes can be a daunting task for small business owners. With so many obligations and deadlines to meet, it’s not uncommon for mistakes to occur. These errors, however, can lead to penalties, audits or even cash flow issues, all of which can significantly impact your business. At FJG Partners, we’re committed… Continue reading 10 Common Tax Mistakes Small Businesses Make & How to Avoid Them
It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum. Tax Loss Harvesting: A Strategic Move for… Continue reading The Power of Tax Loss Harvesting & Rebalancing
It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum. Tax Loss Harvesting: A Strategic Move for… Continue reading Key Discussions to Have With Your Financial Advisor
It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum. Tax Loss Harvesting: A Strategic Move for… Continue reading Understanding Sequence of Financial Return Risk
