Tax News

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Tax News That Matters - For Individuals and Small Business

Latest ATO and Tax Updates in Australia

ATO’s new draft rules could change your holiday home tax deductions

ATO draft rules may affect your holiday home tax claims Do you own a holiday home that you sometimes rent

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Understanding What Contributions Your SMSF Can Accept

What contributions can your SMSF accept? As an SMSF trustee, understanding which contributions your SMSF can legally accept is essential

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FBT and Tax Rules for End-of-Year Parties and Gifts: What Businesses Need to Know

FBT and tax considerations for end-of-year parties and gifts in your business As the end-of-year season approaches, many businesses celebrate

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Payday Super Is Law: What the New Legislation Means for Employers and Employees

Payday Super Legislation Has Passed – What It Means for You The “payday super” legislation, now passed by Parliament, introduces

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Family Tax Benefit and Your Tax Return: Common Misunderstandings

Family Tax Benefit (FTB) is a government payment to help families with the cost of raising children. Despite its name,

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Payday Super Reforms: Legislation Introduced to Parliament

What Are Payday Super Reforms? The Government’s payday super reforms aim to ensure employees receive super contributions on payday rather

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Division 296 Tax & LISTO Updates: What You Need to Know

Introduction The Australian Government has announced key updates to its proposed Division 296 tax for high-balance super funds and enhancements

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Australia’s New ATO Vulnerability Framework: What It Means for Business Owners

The Australian Taxation Office (ATO) has introduced a new Vulnerability Framework to provide more tailored support for individuals and business

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What’s the Difference Between the Medicare Levy and the Medicare Levy Surcharge?

Many Australians receiving their tax notice of assessment notice two separate amounts: the Medicare levy and the Medicare levy surcharge

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Start Your Year-End Payroll, Tax and Employee Leave Planning Now for Peace of Mind

As the year draws to a close, it’s essential for every business to start year-end payroll planning. Whether you’re preparing

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The Truth About FBT and Your Business Work Ute

If your business provides vehicles for employees to use for work, you may have heard that giving them a dual

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When Do You Need A Tax Lawyer?

Why Do You Need A Tax Lawyer In The First Place? Handling personal finances and fulfilling tax obligations are some

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$20,000 Instant Asset Write-Off Set for Extension to 30 June 2026

Understanding the $20,000 Instant Asset Write-Off Extension Are you a small business owner planning to invest in new equipment or

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Sharing Your Super with Your Spouse: A New Way to Split Super Balances

New Legislation May Let You Transfer Super to Your Spouse Did you know you may soon be able to split

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ATO Cracking Down on Early Super Release Schemes: What You Need to Know

Understanding the ATO’s Crackdown on Early Super Access Schemes When you’re hit with unexpected medical bills, accessing your superannuation early

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Triangles BG