Social media platforms have revolutionised how people connect and share content. However, like any tool, it can also be used for malicious purposes. In 2022, the Australian Taxation Office (ATO) uncovered one of the biggest tax frauds in history, involving the use of social media app TikTok.
Read PostTax refunds have become smaller for many Australians, leaving taxpayers wondering why. As a nation heavily reliant on personal and corporate income tax, Australians expect rewards for the amount they pay. However, if you've noticed that your tax refund isn't as sizeable as it used to be, you're not alone. There's a reason behind this change, and we're here to explain it.
Read PostAs we move further into the 2023 financial year, employers and businesses across Australia must be aware of the significant changes that have come into effect from 1 July 2023. These alterations primarily concern superannuation guarantees and wage increases, and failing to adhere to these new standards can result in serious consequences.
Read PostIn today's digital age, platforms like OnlyFans, YouTube, and TikTok have opened exciting opportunities for content creators to monetise their audience reach. However, with the rapid growth of this industry, the Australian Taxation Office (ATO) has taken notice and issued guidelines to ensure content creators understand their tax obligations. As a trusted partner for businesses and individuals, LEAD Advisory Group is here to shed light on the taxation aspects content creators need to consider.
Read PostThe Australian Federal Budget for 2023-24 has been announced, including measures to support individuals, businesses, and institutions nationwide. Here are some of the key announcements and how they will impact Australians
Read PostHigh HECS-HELP loan indexation and bonus businesses deductions are on the cards this tax year. Read on to find out more.
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