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 | 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 | Jul 7, 2025 | Business, Tax, Tax Updates
Changes to car thresholds from 1 July The car limit for the 2026 income year is $69,674.This is the highest value that a taxpayer can use to calculate depreciation on a car where they use the car for work or business purposes and they first use or lease the car in the...
by Craig | Apr 1, 2025 | ABN, ART, ATO, Practice Update, Superannuation
ATO’s new focus for small business The ATO is currently focusing on the following ‘specific risk areas’, where it is concerned “small businesses are getting it wrong”: Contractors omitting income — with a focus on data matching to ensure...
by Craig | Dec 3, 2024 | ATO, FBT Obligations, Small Business, Superannuation Guarantee
Can staff celebrations attract FBT? With the holiday season coming up, employers may be planning to celebrate with their employees. Before they hire a restaurant or book an event, employers should make sure to work out if the benefits they provide their employees are...
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