Dgn tax advisory and finance

Dgn tax advisory and finance dgn tax and advisory is a small boutique practice that offer its services in Accounting, Tax consulting, Business Advisory and Finance.

28/11/2025

The Australian Taxation Office (ATO) has issued an urgent warning to Australians paying or accepting cash, following a major spike in tax-evasion reports. Nearly 1,000 tip-offs per week are being lodged by people suspecting businesses of dodging tax, adding up to almost 50,000 red flags in the 2024–25 financial year alone.

Since July 2019, more than 300,000 tip-offs have been made, mostly linked to the shadow economy — including cash-only payments, under-the-table wages, illegal cigarette sales, and false business expense claims.

According to experts, tax evasion isn’t harmless: it reduces government funding for essential services like healthcare and education, and increases the financial burden on honest taxpayers.

The ATO warns that 85% of tip-offs lead to further investigation, and industries such as construction, cafés, restaurants, hairdressing, and beauty services are seeing the highest surge.
The message is clear: “Paying tax is not optional” — and anyone operating outside the system will likely be caught sooner rather than later.










Hello viewers,Good news! We are now registered mortgage brokers. Please get in touch with us for any of your financial i...
08/08/2024

Hello viewers,
Good news! We are now registered mortgage brokers. Please get in touch with us for any of your financial inquiries. We are always happy to help with all type of home loans and asset loans.

Thank you for your continued trust in us !

Sharan Mangat
0405 000 011

21/06/2022

The Fair Work Ombudsman has secured a total of $204,000 in penalties in court against the operators of a Brisbane fast food business after they used false records to try to frustrate an investigation.

The Federal Circuit and Family Court has imposed a $185,000 penalty against the fast food business and an additional $19,000 penalty against the company director.

The Fair Work Ombudsman investigated after receiving a request for assistance from a visa holder who was employed as a casual kitchenhand.

The company breached the Fair Work Act by:
• making false records and providing them to Fair Work Inspectors during the investigation
• giving false or misleading payslips to an employee
• failing to comply with a Compliance Notice requiring the company to back-pay the worker, who worked up to 66 hours per week and was paid $11 to $13 an hour.

The company back-paid the worker $59,400, plus interest and superannuation, only after the Fair Work Ombudsman commenced legal action.

Fair Work Ombudsman Sandra Parker said employers who use false records to try to frustrate an investigation into underpayment allegations will face serious consequences.

“Employers also need to be aware that taking action to protect vulnerable workers, including visa holders, and improve compliance in the fast food, restaurant and café sector continue to be priorities for the FWO. Any employees with concerns about their pay or entitlements should contact us for free advice and assistance.”

We have an agreement with the Department of Home Affairs, called the Assurance Protocol, where visa holders can ask for our help without fear of their visa being cancelled for breaches of their work-related visa conditions.

Read the full story: https://www.fairwork.gov.au/newsroom/media-releases/2022-media-releases/june-2022/20220620-riddhi-siddhi-penalty-media-release

21/07/2021

LockDown SA $3000 Business Grant or $1000 if you are sole trader with no employee- Reach out to us if you need help with Grant.

* Business Must be in SA
* Employ people in South Australia
* Have an annual turnover of $75,000 or more in 2020/21 or 2019/20
* Must be registered for GST
* Must have valid ABN.
* Experience at least a 30% reduction in turnover due to lockdown

Call us on 07 3540 7979 if you are a small business or Sole Trader.


09/06/2021

Are you a cryptocurrency investor?

Whether you’re a Bitcoin buyer, Ethereum enthusiast or drowning in Dogecoin, it’s important to keep good tax records! Your cryptocurrency service provider sends us info each financial year which we match with info you provide in your tax return.

Find out more at www.ato.gov.au/cryptocurrency

2021 Australia BudgetTax-related measures announced included:▪ Personal tax rates - no changes were made to personal tax...
12/05/2021

2021 Australia Budget
Tax-related measures announced included:

▪ Personal tax rates - no changes were made to personal tax rates. The Stage 3 personal income tax cuts remain unchanged and will commence in 2024-25 as already legislated.

▪ LMITO retained for 2021-22 - provides a reduction in tax of up to $1,080. Not a tax cut, the avoidance of an increase.

▪ Temporary full expensing extended - the Government will extend the 2020-21 temporary full expensing measures for 12 months until 30 June 2023 - businesses with aggregated annual turnover or total income of less than $5 billion to deduct the full cost of eligible depreciable assets of any value, acquired from 7:30pm AEDT on 6 October 2020 and first used or installed ready for use by 30 June 2023.

▪ Loss carry-back extended - the loss years in respect of which an eligible company (aggregated annual turnover of up to $5 billion) can currently carry back a tax loss (2019-20, 2020-21 and 2021-22) will be extended to include the 2022-23 income year.

▪ Individual residency test reformed - the Government will replace the existing tests for the tax residency of individuals with a primary "bright line" test under which a person who is physically present in Australia for 183 days or more in any income year will be an Australian tax resident.

▪ Employee share schemes - the Government will remove the cessation of employment as a taxing point for the tax- deferred employee share schemes.

▪ ATO debt recovery - the AAT will be given the power to pause or modify ATO debt recovery action in relation to disputed debts of small businesses.

▪ Self-education expenses - $250 threshold to be removed.

24/03/2021

While it is natural to treat your private company's bank account and assets as your own, it is important to remember that the company is a separate legal entity. Whether you are the sole shareholder or not, improperly accessing or misreporting use of your private company's cash or assets can result in serious tax issues.

The ATO has issued a useful guide for directors and shareholders of companies.

Address

Building 6 2404 Logan Road, Eight MIle Plains
Brisbane, QLD
4113

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

Telephone

+61735407979

Website

http://www.dgnfinance.com.au/

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