The Empire Blog

The ATO is cracking down on unreported income in 2025. Learn which income sources you must declare in your tax return – from Airbnb and side hustles to crypto and overseas earnings.

Traditionally, many business owners only speak to their accountant once a year, and it’s usually right before tax time. If that’s the only time you’re checking in, you could be missing out on game-changing insights and support that could help you make smarter decisions all year round.

When you plan with intention - and pair it with accountability - you’re not just hoping things will work out. You’re building a business that will.

Let’s face it; bookkeeping isn’t the most exciting part of running a business. However, it’s one of the most important! Keeping your financial records in check not only helps you stay on top of your business but moreover ensures you're meeting Australian Taxation Office (ATO) requirements without stress or penalties.

For Not-for-Profit (NFP) entities, understanding and adhering to new requirements can be a daunting task, especially with the ever-evolving regulatory landscape.

Let’s break down director loans, how they affect your business, and what you can do to avoid common pitfalls. By following this article, you can understand more about Director's loans and why its so important it's done right so you don't land yourself in hot water with the ATO!