Navigating Changes to Holiday Home Taxes: What You Need to Know

At Butler, we’re here to help you navigate changes in tax laws that could affect you. Here’s a breakdown of what’s happening with the Vacant Residential Land Tax (VRLT) in Victoria and what you need to do if you own a holiday home. What’s Changing? Starting January 1, 2025, the Vacant Residential Land Tax will […]

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ATO Fines Directors for Lacking Director IDs, Stressing Compliance

Directors face increasing pressure to comply with regulatory requirements in corporate governance. One such obligation is obtaining a Director Identification Number (Director ID), crucial for transparency and accountability. The Australian Taxation Office (ATO) has recently taken steps to enforce this requirement by imposing fines on directors who fail to obtain their Director IDs. This move […]

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Navigating Super Payment Due Dates: A Guide for Businesses

In the world of business, staying on top of financial obligations is paramount, and one such obligation that demands attention is superannuation payments. As per the Australian Taxation Office (ATO) guidelines, employers are required to ensure that their employees’ super payments are received by the designated funds on or before the quarterly due dates. This […]

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ATO Pursues Small Businesses for $34 Billion Debt Amid Rising Insolvencies

The Australian Taxation Office (ATO) is currently engaged in the pursuit of over $34 billion in outstanding debts owed by small businesses and self-employed individuals, a significant portion of which were deferred during the COVID-19 pandemic. This aggressive debt collection drive has prompted concerns among experts, who fear a surge in insolvencies reminiscent of post-global […]

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Scam Alert – Fake myGov email and SMS scam

It is important to be cautious of any email or text message claiming to be from myGov offering you a refund, as they may be part of a scam. The Australian Communications and Media Authority (ACMA) has observed a surge in myGov impersonation scams where the fraudsters try to trick you into clicking on a […]

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