by Veronica Varetsa | Aug 11, 2026 | ATO, ATO Compliance, myGov, Scam Warning
Government to permanently extend $20,000 instant asset write-off The Government has recently introduced legislation that would make the $20,000 instant asset write-off permanent for small businesses (as announced in the 2026 Federal Budget). If enacted, the changes...
by Craig | Jul 2, 2026 | ATO Compliance, BAS, Business Compliance, Practice Update, Small Business, Superannuation
Government’s tax reform package The Government has recently legislated several of the tax reform measures announced in the 2026 Federal Budget (and in later media releases). These include, among other things: Replacing the CGT discount with cost base indexation...
by Craig | May 6, 2026 | ATO, Business Compliance, Payday Super, Practice Update
ATO is ‘clearing up’ some common Payday Super myths With less than two months until Payday Super starts (on 1 July 2026), the ATO wishes to ‘clear up’ the following common misconceptions. Myth: “There is nothing super fund trustees need...
by Craig | Apr 9, 2026 | ATO Compliance, Business Compliance, Small Business Advice, Superannuation, Tax Updates
Know when a new logbook is required Editor: Keeping a car logbook may be required to accurately calculate the business-use percentage of vehicle expenses (e.g., fuel, registration, insurance and depreciation) for tax deductions. Taxpayers can keep the same logbook for...
by Craig | Mar 4, 2026 | ATO Compliance, BAS, Small Business, Tax Updates
$20,000 instant asset write-off extended Editor: The Governmentrecently passedlegislation to extend the $20,000 instant assetwrite-off for small businesses by 12 months to 30 June 2026. Taxpayers should note that if their business has an aggregated annual turnover of...
by Craig | Feb 5, 2026 | ATO Compliance, Business Compliance, Practice Update, Small Business, Superannuation, Tax, Tax Updates
Mandating cash acceptance The Government recently announced that it was delivering on its commitment “to mandate cash acceptance for essential purchases by finalising regulations that require fuel and grocery retailers to accept cash from 1 January 2026.”...
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