As we step into the March 2025 quarter, we find ourselves in a pivotal period for both individuals and businesses preparing for the close of the 2024–2025 financial year. In the coming weeks, you may have several critical obligations and opportunities. We encourage you to stay on top of the following key areas: How We…

As we approach the end of the December 2024 quarter, we want to share a friendly reminder about key tax planning and compliance obligations in Australia. This period is a great opportunity to review your financial strategies and ensure you’re on track for the rest of the 2024–2025 financial year. 1. Business Activity Statements (BAS)…

If you’re a dentist or a medical doctor operating under your own name or through a company or trust, you may have heard of “personal service income” (PSI) and “personal service businesses” (PSBs). These terms can sound complicated, but it’s important to understand them because they affect how you’re taxed and what deductions you can…