Category: Insights & Updates

October 2026 Insights & Updates For Munro’s Clients

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

September 2026 Insights & Updates For Munro’s Clients

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 […]

August 2026 Insights & Updates For Munro’s Clients

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

July 2026 Insights & Updates For Munro’s Clients

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 […]

June 2026 Insights & Updates For Munro’s Clients

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 […]

Federal Budget May 2026 Insights & Updates For Munro’s Clients

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 […]

March 2026 Insights & Updates For Munro’s Clients

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 […]

February 2026 Insights & Updates For Munro’s Clients

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 […]

October 2025 Insights & Updates For Munro’s Clients

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 […]

August 2025 Insights & Updates For Munro’s Clients

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 […]

July 2025 Insights & Updates for Munro’s Clients

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 […]

June 2025 Insights & Updates for Munro’s Clients

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 […]

May 2025 Insights & Updates for Munro’s Clients

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: […]

April 2025 Insights & Updates for Munro’s Clients

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 […]

March 2025 Insights & Updates for Munro’s Clients

This month for you we have the following Insights & Updates: Business Improvement Insights Thriving in 2025: AI Strategy & Leadership in a Changing World (Please refer to your Insights & Updates for Munro’s Clients email) Business Leader Performance Diagnostic Mastering Time Management Tax Updates ATO Loses Landmark Division 7A Battle “Next 5,000” Tax Programme […]

February 2025 Insights & Updates for Munro’s Clients

This month for you we have the following Insights & Updates: Business Improvement Insights Key Considerations When Buying a Business For Expansion 7 Key Considerations for Business Growth Buying a Business Diagnostic Tax Updates Proposed Small Business Meal & Entertainment Deduction ATO’s 2025 Priorities for Private Groups Common Division 7A Misconceptions — A Key ATO […]

Common Division 7A Misconceptions — A Key ATO Focus In 2025 (Feb 25 Tax Update)

Relevant For: Private company owners, directors, financial controllers and bookkeepers needing clarity on Division 7A compliance. Key Points: Division 7A applies to loans, payments and benefits from private companies, not just shareholders. Journal entries alone may not offset minimum yearly repayment obligations. Personal use of company funds triggers Division 7A considerations. Regular monitoring ensures compliance […]

ATO’s 2025 Priorities for Private Groups (Feb 25 Tax Update)

Relevant For: Private business owners and high net worth individuals, especially those navigating succession or trust arrangements. Key Points: ATO is prioritising reducing tax debt across private groups. Succession plans involving reorganisations may face extra scrutiny. Tailored tax governance expected for different group sizes. Family trust elections often misused, risking extra tax. On-time lodgement is […]

January 2025 Insights & Updates for Munro’s Clients

This month for you we have the following Insights & Updates: Business Improvement Insights Strategic Planning for a Confident New Year Four Essentials for Your Business Financial Toolkit Evaluating a Franchise Opportunity Starting a Business Diagnostic Tax Updates 2024 Year-End Tax Wrap: What Happened and a Look Ahead Protection Updates ASIC Upholds Director Accountability Criminal […]

Strategic Planning for a Confident New Year

Relevant For: Business owners aiming to refine budgets, operations and achieve meaningful goals this New Year. Key Points: Review financials and allocate budgets flexibly. Streamline daily processes to boost efficiency. Set S.M.A.R.T. goals that align with business objectives. Involve and upskill teams for stronger engagement. Monitor progress and adjust strategies promptly. Full Article: At Munro’s, […]

December 2024 Insights & Updates for Munro’s Clients

This month for you we have the following Insights & Updates: Business Improvement Insights Choosing the Right Business Structure for Your Startup Raising Capital (Investor Readiness) Diagnostic Tax Updates FBT and Tax Planning for End-of-Year Parties and Gifts Key Dates for the ATO Super Clearing House: End-of-Year Reminders ATO Targeted Review of Medium and Emerging […]

November 2024 Insights & Updates for Munro’s Clients

This month for you we have the following Insights & Updates: Business Improvement Insights Five Phases of a High Performing Leader Enhancing Employee Engagement Leadership Diagnostic Tax Updates New Limits on ATO Interest Deductions The Commonwealth Penalty Unit has Increased Contractor or Employee? Recent Case Offers Insight for Businesses Federal Court Ruling on Unexplained Bank […]

October 2024 Insights & Updates for Munro’s Clients

This month for you we have the following Insights & Updates: Business Improvement Insights A Detailed Guide to Creating and Managing Workplace Policies Utilising Small Business Restructuring When In Financial Distress A Detailed Guide to Effective Family Business Succession Planning Selling a Business Diagnostic Tax Updates New ATO Guidelines on Personal Services Income Handling Employee […]

September 2024 Insights & Updates for Munro’s Clients

This month for you we have the following Insights & Updates: Business Improvement Insights Effective Risk Management for Business Success Implementing a Family Governance Framework Wealth Protection Diagnostic Tax Updates Super Guarantee Compliance: A Key Focus for ATO Debt Collection Maximise Your Super Contributions in 2024–2025: Key Changes to Bring-Forward Arrangements Navigating ATO’s Online Selling […]