by Craig | Jun 1, 2026 | Payday Super, Practice Update, Tax Updates
2026 Budget: The Big Changes The Federal Government handed down the Federal Budget on 12 May 2026, with some of the biggest changes to the tax system in years. Some of the main proposed changes include: Delivering a new Working Australians Tax Offset...
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.”...
by Craig | Dec 5, 2025 | ATO Compliance, Property Investment, Small Business, Tax Updates
Alternative providers to the SBSCH Employers should start preparing for the permanent closure of the Small Business Superannuation Clearing House (‘SBSCH’) on 1 July 2026. By acting now to find an alternative service, employers will: have an established...
by Craig | Oct 2, 2025 | ATO, Business, Fringe Benefits Tax (FBT), Property Investment, Small Business, Small Business Advice, Tax, Tax Updates
Employees incorrectly treated as independent contractors The ATO is warning businesses that if they incorrectly treat an employee as an independent contractor, then they risk receiving penalties and charges, including: PAYG withholding penalty for failing to deduct...
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