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Practice News

Accounting

ATO Issues New Draft Ruling on Short Term Rental Deductions

The ATO has recently issued a draft ruling (TR 2025/D1) that significantly tightens the tax treatment of short-stay and holiday home rentals. The aim is ...
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Accounting

Your Knowledge Update – December 2025

Inside this month’s Your Knowledge Update – Important information re New Payday Super laws and why further study can pay off at tax time. The ...
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Accounting

Payday Superannuation Update

Big changes are coming to how superannuation is paid – From 1 July 2026, employers will be required to pay their employees’ superannuation guarantee (SG) ...
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Accounting

ATO Small Business Super Clearing House is Closing – What You Need to Know

The ATO has announced it will be phasing out the Small Business Super Clearing House (SBSCH) as part of the government’s Payday Super reforms. Small ...
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Accounting

Your Knowledge Update – November 2025

Inside this month’s Your Knowledge Update – Government’s proposed overhaul of super tax rules for balances above $3 million, a recent Tribunal decision regarding difficult ...
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Accounting

Your Knowledge Update – October 2025

Inside this month’s Your Knowledge Update – Tribunal Case highlighting why timing and evidence is crucial with Trust Distributions, the impact of new rules which ...
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Accounting

Is Your Dual Cab Ute Exempt from FBT?

The Tax Office has recently issued a reminder that not all dual cab utes are exempt from Fringe Benefits Tax (FBT) despite the common misconception. ...
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Accounting

Small Business CGT Concessions & Deceased Estates

Now that COVID-19 is largely behind us, the Australian Taxation Office (ATO) has moved away from its previously lenient approach to tax debt. The ATO ...
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Accounting

Your Knowledge Update – September 2025

Inside this month’s Your Knowledge Update – Student Debt Win, Creating a more dynamic and resilient economy, Superannuation guarantee due dates and considerations and RBA ...
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Accounting

Your Knowledge Update – August 2025

Inside this month’s Your Knowledge Update – 2025/2026 financial year there are key changes in tax, superannuation and compliance that will impact a range of ...
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Accounting

ATO Tax Debts May Now Impact Your Credit Score

Now that COVID-19 is largely behind us, the Australian Taxation Office (ATO) has moved away from its previously lenient approach to tax debt. The ATO ...
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Accounting

Your Knowledge Update – July 2025

Inside this month’s Your Knowledge Update – Proposed Division 296 Super Tax, changes to deductibility of ATO interest charges, risks associated with unqualified ‘influencer’ tax ...
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Accounting

What’s New from 1 July 2025

As a new financial year is upon us, it seems timely to look at the changes that are coming into effect from 1 July 2025. ...
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SMSF

Proposed $3 million Division 296 Superannuation Tax – 5 Facts you need to know

  Post the federal election the topic everyone is talking about is the proposed additional 15% on superfund earnings on account balances above $3 million. ...
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Accounting

Your Knowledge Update – June 2025

Inside this month’s Your Knowledge Update – Labor’s Victory – Promises and Priorities, Tax Deductions to Avoid, ATO’s new requirements for Not for Profit Organisations ...
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Accounting

Student Loan Debt & HELP Repayment Changes

20% Student Loan Reduction The government has announced a plan to reduce all HELP loan balances by 20% as at 1 June 2025, before indexation ...
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Accounting

Changes to ATO Interest Charges

As announced as part of the 2023/24  Mid-Year Economic and Fiscal Outlook, from 1 July 2025 taxpayers will no longer be able to claim an ...
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Accounting

How the 2024-25 Budget Affects Your Small Business Taxes

The 2024–25 Federal Budget introduces several new tax measures designed to support and stimulate small businesses. Instant Asset Write-Off Extended The Government has confirmed the ...
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