Facing a tax bill is a common challenge for many Australian businesses. Whether you're currently managing a business tax debt or anticipating one in the near future, it’s important to remember that proactively engaging with your tax agent and the ATO is the best approach for getting your business back in the black.

Many people wonder why they see the Medicare levy and Medicare levy surcharge on their tax return, even if they have private health insurance. Let’s take a look at who pays these amounts, the role of private health insurance, and what steps you can take to manage your healthcare coverage and tax obligations effectively.

Recent data from the ATO shows that there is more than $17.8 billion in lost and unclaimed superannuation, and the ATO is keen to reunite it with its owners. Could some of it belong to you?