ATO tax debt changes 2025: How they’ll affect your business

Businesswoman calculating taxes at her desk

Having a commercial tax debt as a business owner isn’t uncommon. According to the Commissioner of Taxation at the ATO, Rob Heferen, small business tax debts made up around 65% of all debt owed to the ATO, as of April 2024. This places them at well over $30 billion in the red. However, the way […]

Instant asset write-off 2025: How your business can save on tax

Man operating a forklift lifting wooden pallets

With up to $20,000 to play with, the instant asset write-off is there to help a wide range of businesses. Whether you’re a family catering operation looking for a commercial oven or a construction firm in the market for some new equipment, writing off eligible assets frees up more cash for your business at the […]

Novated Lease Pros and Cons

Woman driving a convertible car

A novated lease is a unique arrangement where you lease your car through your employer. Having your payments deducted from your pre-tax income brings with it a range of tax benefits and other advantages, but they aren’t for everyone. Weighing up the pros and cons is essential before you apply. Novated lease benefits Reduces your […]

One in Four With Current Car Loans Gained a Deferral During COVID-19

A survey of 1,001 respondents commissioned by Savvy was split right down the middle among Male and Female demographics and almost evenly among all major age groups (18-24, 25-34, 35-44, 45-54, 55-64, 65+) showed that about 20.3% had bought a new car during the COVID-19 pandemic. 53.3% happy with current vehicle, saw no reason to […]

Where Are New Car Sales Headed? A Look at the Stats

There are almost as many cars as there are people in Australia. According to the Australian Bureau of Statistics, there are 20.1 million registered motor vehicles – that’s almost one per person of driving age. Over 2020, the national fleet grew by 1.7%. It would seem our appetite for new cars remains steady, despite lockdowns, […]