Absolutely, yes. The Australian Taxation Office (ATO) uses advanced data-matching technology, bank feeds, and reports from third parties like Uber and PayPal to track undeclared income. Whether you’re Goods and Services Tax(GST) -registered or not, the ATO has systems in place to detect incons...

Starting or growing your small business in Australia? One of the first big decisions you’ll make is choosing the right business structure for small business. And while it might seem like a formality, your structure affects everything from how much tax you’ll pay to how protected your persona...

Yes, if your business has stopped trading or is no longer operating, you can easily cancel your ABN online through the Australian Business Register (ABR). It’s a straightforward process, but there are some important steps to follow to make sure you meet all your obligations. At ISM Accountant, we ...

The latest Australian Tax Laws for 2025–26 keep superannuation contribution caps the same—$30,000 for concessional (before-tax) and $120,000 for non-concessional (after-tax) contributions. Starting 1 July 2025, the Superannuation Guarantee rate will rise to 12%, which means employers will contri...

Managing taxes can be challenging. Whether it’s to file a return, trading or managing multiple revenue streams, the laws can be confusing. There’s paperwork, deadlines, and ATO regulations to consider – and mistakes are simple to make if you don’t know what you’re doing. Th...