Content Travel records under the microscope $21 billion in lost super is waiting “Widow tax” fixed Reviewing your fund’s investment strategy This month we look at several practical issues that could affect your tax and superannuation position. The ATO’s expanded passenger movement data-matching program means international travel records could come under greater scrutiny, particularly where…
Content Discretionary trusts and the proposed 30% minimum tax New reasonable travel and overtime meal rates Penalty units increase from 1 July 2026 SMSF and property – preparing for a smooth audit This month we look at several important developments and practical compliance issues affecting individuals, businesses, trusts and SMSF trustees. The Government’s proposed 30%…
Content Updates to Budget Measures and New Developments Payday Super Has Arrived – What Employers Need to Know ATO Cracks Down on Personal Services Income Arrangements: Is Your Business at Risk? Tax Ombudsman Sees 127% Surge in Complaints: What It Means for You Get Ready for 2026–27: Practical Steps SMSF Trustees Must Take Now This…
Content DPN Review: A Wake-Up Call for Business Owners on Personal Tax Risks Navigating CGT on Your Home: New ATO Clarity for Home-Based Businesses ATO Update on Inherited Homes: What it Means for Your Family’s Wealth Keeping Your Self-Managed Super Fund Compliant This month we focus on key developments and practical guidance for business owners,…
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…
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 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…
Welcome to our March 2023 Client Bulletin Contents End of the FBT year fast approaching What’s the Deal with Working from Home? What will the ATO be Asking about your Holiday Home? Future earnings for super balances above $3m taxed at 30% from 2025-26 1 July 2023 Super Balance Increase but no Change for…
Welcome to our June 2022 Bulletin Contents ATO ramps up heat on directors 120% deduction for skills training and technology costs Fuel tax credit changes What’s changing on 1 July 2022? Can I claim a tax deduction for my gym membership? ATO ramps up heat on directors Over the past few months, the ATO have…
Welcome to our October 2021 Bulletin Contents Unwinding COVID-19 Relief SME Recovery Loans What happens to your superannuation when you die? Recruiting new employees? The 1 November superannuation rule changes Unwinding COVID-19 Relief COVID-19 support will roll back as states and territories reach vaccination targets. The National Plan, the road map out of COVID-19, does…