Archive for category: Tax
News
ATO's new requirements for NFPs
The ATO has introduced new NFP requirements that all not-for-profit organisations must follow to remain income tax exempt. Here’s what you need to know.
... read moreFrom air fryers to swimwear: Tax deductions to avoid
From air fryers to swimwear, the ATO is cracking down on work-related deductions that don't pass the test. Find out what to avoid and how to stay compliant.
... read moreATO Interest Charges May Soon Be Non-Deductible: What You Need to Know
From 1 July 2025, ATO interest charges such as GIC and SIC will no longer be deductible. Find out what’s changing and how your business can prepare.
... read moreInstant asset write-off threshold finally confirmed
The instant asset write-off threshold for 2025 has been confirmed at $20,000. Understand how your small business can benefit before it drops again.
... read moreThe ATO's updated small business benchmarking tool
The ATO’s updated small business benchmarking tool lets you compare your business performance and spot improvement areas. Stay informed and reduce ATO scrutiny.
... read moreYear-end tax planning opportunities & risks
Explore year-end tax planning opportunities and risks before EOFY. From super contributions to deductions and ATO red flags, make informed decisions now.
... read moreThreshold for tax-free retirement super increases
The transfer balance cap will increase to $2 million from 1 July 2025. Discover how this change to tax-free retirement super affects your plans, whether you're about to retire or already drawing a pension.
... read morePersonal tax cuts
From 1 July 2026, personal tax cuts will reduce rates for low to middle-income earners. Medicare levy thresholds have also increased. Learn what this means for you.
... read more