News

Payday super: the details

Payday super will change how superannuation guarantee (SG) is paid. From 1 July 2026, SG payments must be made on payday. Learn more about the new rules and employer obligations.

... read more

Payday super: the details
( Posted in: Tax )

01 Succession: the series

Managing inherited property can come with complex tax implications. Learn how to navigate tax consequences when transferring assets, from cash to shares and property.

... read more

 01 Succession: the series
( Posted in: Living Estate Planning )

The ban on genetic test insurance discrimination

Life insurance and genetic testing discrimination is set to be banned by the government. This article explores the impact on premiums, coverage, and how these changes affect life insurance policies.

... read more

 The ban on genetic test insurance discrimination

More women using 'downsizer' contributions to boost super

Find out how women are leading in using downsizer contributions to superannuation. Explore the benefits, eligibility, and how this could boost your retirement savings.

... read more

More women using 'downsizer' contributions to boost super
( Posted in: Property )

Residential aged care changes - what could they mean for me?

Understand how the residential aged care changes from July 2025 could affect fees, support, and care options. These changes aim to ensure a fairer system for all Australians.

... read more

Residential aged care changes - what could they mean for me?

It wasn't me: the tax fraud scam

Fraudsters are increasingly targeting myGov accounts to claim tax refunds and GST credits fraudulently. Learn how tax scams work, how to spot fake communications, and the critical steps to protect your personal information.

... read more

It wasn't me: the tax fraud scam
( Posted in: Tax )

Is the RBA to blame? The economic state of play

Interest rates have surged, with political debate growing around the Reserve Bank of Australia’s policies. The RBA’s stance and economic indicators are under scrutiny as inflation remains high. Explore the key impacts on households and businesses.

... read more

 Is the RBA to blame? The economic state of play
( Posted in: Property )

$81.5m payroll tax win for Uber

Uber successfully contested $81.5M payroll tax assessments in NSW, with the court ruling drivers as independent contractors, not employees.

... read more

 $81.5m payroll tax win for Uber
( Posted in: Tax )

Property and lifestyle assets in the spotlight

The ATO has increased its focus on property asset owners, including those with expensive lifestyle assets. Investment property income, deductions, and ownership of high-value items like boats and aircraft are now under scrutiny.

... read more

Property and lifestyle assets in the spotlight
( Posted in: Property )

When is a gift not a gift?

The distinction between gift or income is crucial in tax law. This article explores a case where the ATO deemed $1.6m in deposits as taxable income, not gifts or loans.

... read more

When is a gift not a gift?
( Posted in: Tax )

There remain five reasons to expect the $A to rise

Expect the AUD to rise as favorable interest rates, undervaluation, and rising commodity prices set the stage for potential currency growth in the coming year.

... read more

There remain five reasons to expect the $A to rise

Is it worth salary sacrificing into super?

Salary sacrificing into super can be a smart way to enhance retirement savings and reduce taxable income. This article explores the benefits and considerations to determine if it’s worth it for you.

... read more

 Is it worth salary sacrificing into super?

Mortgage versus super - a common dilemma

In the mortgage versus super debate, the right strategy depends on your financial goals. Explore how to weigh the benefits of paying off your mortgage or boosting your super.

... read more

 Mortgage versus super - a common dilemma

The rise in business bankruptcy

Business bankruptcy rates are climbing in 2024, with industries like construction and food services hit hardest. Understand the warning signs and how to manage your business’s financial health.

... read more

 The rise in business bankruptcy
( Posted in: Tax )

Divorce, you, and your business

Divorce and business often intersect in complex ways. This article delves into the financial implications of divorce for business owners, exploring how family companies, superannuation, and assets are handled during marital dissolution.

... read more

 Divorce, you, and your business
( Posted in: Tax )

Allied Health Accountants Are Crucial For Your Practice’s Success

Discover how specialised allied health accountants can transform your practice. From navigating complex regulations to optimising finances, learn why expert financial management is crucial for your success. Focus on patient care while we handle the numbers.

... read more

 Allied Health Accountants Are Crucial For Your Practice’s Success
( Posted in: Allied Health )

Is your family home really tax free?

“Is my home tax free?” It’s a common question for Australian homeowners. This article delves into the complexities of the main residence exemption, explaining when your family home might be subject to capital gains tax and how to navigate the rules.

... read more

Is your family home really tax free?
( Posted in: Property )

How to Reduce Capital Gains Tax: 5 Strategies for Australians

Learn how to use capital losses, choose the right gains to offset, and time your asset sales strategically. This guide covers everything from basic CGT concepts to advanced tax-saving techniques for investors and small business owners.

... read more

 How to Reduce Capital Gains Tax: 5 Strategies for Australians
( Posted in: Tax )

Sharing Economy Platform Income – ATO’s New Reporting Rules

New ATO rules for sharing economy platforms affect your tax return. Learn how this reporting regime impacts income declaration from Airbnb, Uber, and more.

... read more

 Sharing Economy Platform Income – ATO’s New Reporting Rules
( Posted in: Tax )

What’s ahead for 2024-25? Tax, Wages, and Business Trends

What’s ahead for 2024-25? This article delves into tax changes, wage adjustments, and business trends, helping you navigate the year ahead effectively.

... read more

 What’s ahead for 2024-25? Tax, Wages, and Business Trends
( Posted in: Tax )

$20k instant asset write-off passes Parliament

Explore the $20k instant asset write-off for 2024 and learn how small businesses can leverage this tax benefit for eligible asset purchases, enhancing cash flow.

... read more

 $20k instant asset write-off passes Parliament
( Posted in: Allied Health )

Work Clothing Deductions for 2023-24

Find out how to handle work clothes deductions for the 2023-2024 tax year. We’ll show you what you can and can’t claim so you can get the most out of your tax refund with our easy-to-follow guide.

... read more

 Work Clothing Deductions for 2023-24
( Posted in: Tax )

The essential 30 June guide

The essential 30 June guide highlights key opportunities to maximise deductions and outlines risks to avoid ATO scrutiny. Learn how to bring forward deductible expenses, bolster superannuation, make charitable donations, and ensure compliance with tax regulations.

... read more

 The essential 30 June guide
( Posted in: Tax )

ATO fires warning shot on trust distributions

The ATO has issued a warning about trust distributions, urging trustees to review and comply with their trust deeds. Learn the key areas of concern and how to avoid penalties by ensuring your trust distributions are valid and properly managed.

... read more

 ATO fires warning shot on trust distributions
( Posted in: Tax )

What’s changing on 1 July 2024? Major updates & benefits

Explore the significant changes coming on 1 July 2024, including personal tax cuts, superannuation increases, and energy relief credits for households and businesses. Stay informed on how these updates will impact you.

... read more

What’s changing on 1 July 2024? Major updates & benefits
( Posted in: Tax )