The Treasurer announced yesterday the following six key changes to the proposed Div 296 tax; Div 296 tax will only apply to future realised earnings (the original proposal taxed unrealised capital gains). Div 296 tax $3.0m threshold will be indexed (the original proposal had no indexation of the threshold) Div 296 tax will now have…
Content A win for those carrying student debt Creating a more dynamic and resilient economy Non-compete clauses: the next stage Superannuation guarantee: due dates and considerations for employees and employers RBA cuts rates to 3.60%: what this means for you There’s been a bit to report on since our August publication. Standouts include the RBA’s interest…
As we move into the 2025/2026 financial year there are some key changes in tax, superannuation and compliance that are set to impact on a range of individuals and business owners. This edition of our client bulletin brings together the most relevant updates to help you stay compliant, minimise your tax exposure and make…
Div 296 super tax and practical things to consider Important tax update: deductions for ATO interest charges scrapped Finfluencers: bad tax advice could cost you thousands Trust funds: are they still worth the effort? The one big, beautiful bill that may not be so beautiful for Aussies Div 296 super tax and practical things…
Contents Labor’s victory: unpacking the promises and priorities From air fryers to swimwear: tax claims to avoid ATO’s new requirements for NFPs Economic crossroads: US shrinks, China stimulates, Australia holds steady Alongside tips for preparing for tax season we’re finding newsfeeds running hot with changes and information that’s relevant to employees, investors and business…
Contents Year-end tax planning opportunities & risks Instant asset write-off threshold finally confirmed Property subdivision projects: the tax implications The ATO’s updated small business benchmarking tool Year-end tax planning opportunities & risks With the end of the financial year fast approaching we outline some opportunities to maximise your deductions and give you the low…
Contents Personal tax cuts Threshold for tax-free retirement super increases The Proposed ban on non-compete clauses Super guarantee rules catch up with venues and gyms Personal tax cuts From 1 July 2026, personal income tax rates will change. On the last sitting day of Parliament, the personal income tax rate reduction announced in the 2025-26…
Contents FBT 2025: What you need to know Ban on foreign property purchases Trade wars and tariffs FBT 2025: What you need to know The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees. FBT exemption for electric cars Employers that provide employees with the use…
Contents What makes or breaks Christmas? Are Student loans too big? What makes or breaks Christmas? The cost of living has eased over the past year but consumers are still under pressure. For business, planning is the key to managing Christmas volatility. The countdown to Christmas is on and we’re in the midst of a…
Contents What’s ahead for 2024-25? $20k instant asset write-off passes Parliament Earned an income from the sharing economy Is your family home really tax free? What’s ahead for 2024-25? Will 2024-25 be another year of volatility or a return to stability? Personal tax & super As you would be aware (at least we hope so…