BDM Accountants

16/05/2024

The requirement for tax practitioners to form a legal opinion about what constitutes an indictable offence will be extremely challenging for non-lawyers, an expert warns.

09/05/2024

A recent AAT case has offered some valuable insights into how tax residency can be determined if clients move overseas, says an expert technical adviser.

18/02/2024

22/09/2023

It is a very common myth that all utes are fully tax deductible - not so

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Dual cab utes such as the Toyota Hilux and Ford Ranger which are the two top-selling cars in Australia could be subject to a fringe benefits tax crackdown.

04/08/2023

Fewer taxpayers have raced to file an early return and the total paid out in refunds is already down by $1. 7 billion. The average refund for...

04/08/2023

The lure of “property developments” persuaded investors to set up SMSFs then move funds into two companies controlled by the director. A former...

03/08/2023

ATO Debts have been increasing over the years due to ATO not aggressively chasing debts. This is about to change. If your ATO Debts are getting out of control and need help the best way is to engage and Accountant to help.

What effect will this have on business cashflow, profits and family life of small business.

The Tax Office has ramped up Federal Court efforts to recover $30 billion in overdue small business tax, which nearly doubled during the pandemic.

30/07/2023

What affect will this have on families, business and cashflow in the economy. Billions of tax owed by Australians to the government.

The office plans to send out 50,000 intent-to-disclose notices this financial year as it chases billions owing. The ATO will dramatically increase its use of credit referrals to issue about 2,500 this

16/08/2022

Grants given tax-free to a business pose a dilemma when distributed to shareholders. When a company is being wound up, there is a popular view...