The Billion Dollar TikTok Scandal   $1.7 billion paid out in fraudulent refunds, another $2.7bn in fraudulent claims stopped, around 56,000 alleged perpetrators and over 100 arrests to date. How did the TikTok tax scandal get out of control?   “Everyone else got refunds, it’s OK, it’s just a temporary loan [from the ATO].” TikTok social influencer   This TikTok scandal was promoted as a victimless hack that delivered tens of thousands of dollars into

Succession: What does it take to get your business to the next generation?   What is the end game for your business? Succession is not just a topic for a TV series or billionaire families, it’s about successfully transitioning your business and maximising its capital value for you, the owners.   When it comes to generational succession of a family business, there are a few important aspects: Succession of the business; Succession of the ownership

The 120% skills and training, and technology costs deduction for small and medium business have passed Parliament. We’ll show you how to take maximise your deductions.   Almost a year after the 2022-23 Federal Budget announcement, the 120% tax deduction for expenditure by small and medium businesses (SME) on technology, or skills and training for their staff, is finally law. But there are a few complexities in the timing – to utilise the technology investment