This month for you we have the following Insights & Updates: Tax Updates Working overseas doesn’t automatically make you a tax non-resident Crypto tax for individual investors: beware CGT on your digital assets Fuel tax credits: are you using the right rate? Drawing on super doesn’t necessarily mean stopping work A little about account-based pensions
This month for you we have the following Insights & Updates: Tax Updates Think you can spot a scam? What about misinformation? Already lodged your tax return? Don’t forget the review step When set-and-forget convenience starts costing you $20,000 instant asset write-off now permanent for small business Has your business outgrown its structure? Government funding […]
This month for you we have the following Insights & Updates: Tax Updates Are Your Financial Goals Still Realistic? Take care when claiming occupancy expenses for work from home ASIC report suggests it’s time to check on your mortgage offset account Paid parental leave super contributions have started Division 296 tax on large super balances
This month for you we have the following Insights & Updates: Tax Updates Don’t rush to lodge too early this tax time! Tax hacks, half-truths and what the ATO’s watching Juggling multiple jobs without a tax time shock What to check with your employer and payslips as payday super begins Fixing rejected payday super contributions […]
This month for you we have the following Insights & Updates: Tax Updates Budget offers personal tax relief but super largely untouched Business tax relief package for immediate support What’s the difference between tax deductions and tax offsets? Navigating financial advice in the social media age Why your super insurance might not cover what you […]
This month for you we have the following Budget May 2026 Insights & Updates: Personal Taxation Personal tax rates: existing cuts for 2026–2027 and 2027–2028 unchanged Low income tax offset (unchanged) Standard $1,000 deduction for work-related expenses from 2026–2027 New $250 working Australians tax offset from 1 July 2027 Medicare levy low-income thresholds for 2025–2026 […]
This month for you we have the following Insights & Updates: Tax Updates Will the proposed $1,000 instant tax deduction benefit you? ASIC launches new range of tools and resources for retirement planning Young adult workers win equal pay rights Payday super changeover requires careful cash flow planning
This month for you we have the following Insights & Updates: Tax Updates Investment properties: tax return errors that trigger ATO follow-up Is your business misreporting FBT on work vehicles? Time’s running out for small business super clearing house users Superannuation changes proposed for high balances and low-income earners Choosing the right trustee structure for […]
This month for you we have the following Insights & Updates: Tax Updates Support for rebuilding after natural disasters Student loan debts: what you need to know about the latest changes Beware of pump and dump investment schemes Don’t miss out this year: GST credits, fuel tax credits and your BAS The ATO’s latest playbook […]
This month for you we have the following Insights & Updates: Tax Updates Understanding the new 20% student loan reduction Deeming Rate Changes from 20 September: Will Your Pension Be Affected? Understanding Vouchers and GST in Your Business $20,000 Instant Asset Write-Off Likely Extended to 30 June 2026 Unlock the Benefits of Downsizer Super Contributions […]
This month for you we have the following Insights & Updates: Tax Updates Student Debt Relief Bill: What You Need to Know More Time for Small and Medium Businesses to Correct Tax Returns ATO Interest Charges No Longer Deductible from 1 July 2025 Will Your Super Be Hit by the New $3 Million Balance […]
This month for you we have the following Insights & Updates: Business Improvement Insights Ten Key Steps to Successfully Selling Your Business 7 critical investor-ready questions for business succession Tax Updates Handling Tax Affairs After a Death: What You Need to Know Accrued Leave Before Retirement: Holiday or Lump Sum? What Happens if You Breach […]
This month for you we have the following Insights & Updates: EOFY 2025: Tax Estimates & Tax Planning If you would like a tax estimate and tax minimisation plan before the end of the financial year, then please provide your information as soon as possible. Ideally we would like to receive all information before 13 […]
Relevant For: Small business owners and operators with turnover under $10 million seeking tax-effective asset purchases Key Points: The $20,000 instant asset write-off has been extended to 30 June 2025. Applies to assets first used or installed ready for use between 1 July 2024 and 30 June 2025. Eligibility requires use of simplified depreciation rules […]
Relevant For: People seeking financial or tax advice online Key Points: Social media “finfluencers” often give unqualified tax advice that may lead to serious financial penalties. Only registered tax agents are legally authorised to provide tax advice in Australia. Misguided advice from unqualified sources can result in incorrect returns and back taxes. Registered agents follow […]
This month for you we have the following Insights & Updates: Business Improvement Insights Enhancing Business Success through Effective Corporate Governance 5 Practical Tips for Successful Online Marketing Tips to Secure Payments on Time, Every Time Business Growth Diagnostic Tax Updates ATO Maintains Its Position on Bendel Case Amid High Court Appeal Selling Pre-CGT Assets: […]
This month for you we have the following Insights & Updates: Business Improvement Insights How Prioritising Customer Retention Drives Business Growth Protecting Yourself When Lending Money to Your Company Wealth Protection Diagnostic Tax Updates Federal Election Called: Tax Bills Lapse Navigating Trust Income Decisions Amid ATO’s Interim Stance on Bendel Case How the ATO’s Updated […]
One of the Government’s key tax measures that is currently still outstanding is the proposed extension of the instant asset write-off measures for 2024–2025. There is no mention in the Budget papers of the measure, though it is alluded to in a couple of media releases. It can be assumed that the Government still intends […]
The Government will provide $722.8 million over four years from 2025–2026 to deliver increased support for apprentices. Funding includes: $626.9 million over four years from 2025–2026 to reframe the New Energy Apprenticeships Program as the Key Apprenticeship Program and expand it to capture critical residential construction occupations; $77.8 million over four years from 2025–2026 to extend the current […]
The Government will extend its energy bill rebate until the end of 2025 by providing a further two instalments of $75 (for a total of an additional $150) for households and small businesses. From 1 July 2025, Mr Albanese said, households and around one million small businesses will see another $150 in rebates “automatically applied […]
The Government will provide $7.1 million over two years from 2025–2026 for the Australian Competition and Consumer Commission (ACCC) to strengthen regulatory oversight of the Franchising Code of Conduct and ensure a more transparent and effective regulatory framework for the franchising sector. The Government will also provide $0.8 million in 2025–2026 for Treasury, working with states and […]
The Government will ban non-compete clauses for more than three million Australian workers in industries including childcare, construction and hairdressing. This has been spurred by the Treasury’s Competition Review which heard troubling accounts regarding the misuse of non-compete clauses, including minimum wage workers being sued by former employers. The ban on non-compete clauses will apply […]
The Budget did not announce any change to the timing of the next (and final) super guarantee (SG) rate increase. The SG rate is currently legislated to increase from 11.5% to 12% on 1 July 2025. It has been gradually increasing by 0.5% each year since it was 9.5% in 2020-21. The 12% rate from […]
The Government has proposed to cut the personal income tax rate for the income threshold ($18,200 to $45,000) from 16% to 15% (from 1 July 2026) and 14% (from 1 July 2027). Under the proposed changes, every Australian taxpayer will receive a tax cut of up to $268 from 1 July 2026, rising to $536 from 1 […]
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