Practice News
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 ...
Read More →
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. ...
Read More →
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. ...
Read More →
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 ...
Read More →
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 ...
Read More →
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 ...
Read More →
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 ...
Read More →
Your Knowledge Update – May 2025
Inside this month’s Your Knowledge Update – End of Year Tax Planning, Instant Asset Write-off Threshold confirmation, Property subdivision tax implications and the ATO’s updated ...
Read More →
Bankruptcy and Higher Education Loans
It’s a common misconception that all debts are released when you’re bankrupt, however if you’re considering bankruptcy, it’s important to know which debts are and ...
Read More →
Your Knowledge Update – April 2025
Inside this month’s Your Knowledge Update – Personal Income Tax Cuts and Super Guarantee Rules. Download this month’s issue here: Your Knowledge – April 2025
Read More →
Current Division 7A Issues
As we are nearing the end of the financial year, it is relevant to consider issues that may arise from amounts that a private company ...
Read More →
Your Knowledge Update – March 2025
Inside this month’s Your Knowledge Update – FBT hotspots and potential impact of tariffs and trade wars. Download this month’s issue here: Your Knowledge – ...
Read More →
February 2025 update on Commissioner of Taxation vs Bendel
The full Federal Court has handed down its decision in the Commissioner of Taxation vs Bendel [2025] case which looks at whether an unpaid present ...
Read More →
What are the tax implications of receiving a compensation payment
The tax treatment of compensation payments can be a tricky and complex area to navigate. The starting point is to look at what the payment ...
Read More →
Your Knowledge Update – February 2025
Inside this month’s Your Knowledge Update – the ATO’s warning on succession planning and tax risk for wealthy groups. Also, the discussion on banning surcharges ...
Read More →
Australian Residents and Property Clearances Certificates
As of 1st January 2025, significant changes to the ATO’s Foreign Resident Capital Gains Withholding (FRCCW) regime have taken effect, impacting both Australian residents and ...
Read More →
Vacant Residential Land Tax (Victoria)
The Victorian State Government has a number of legislations in place which affect property owners. In addition to the current Land Tax and the Short ...
Read More →
Your Knowledge Update – December 2024
Inside this month’s Your Knowledge Update – Tax and Christmas Gifts and Parties and What’s ahead for 2025. Download this month’s issue here: Your Knowledge ...
Read More →