In this issue High Court Brings Greater Clarity on Trust Distributions Don’t Let Sharing Economy Income Catch You Off Guard This Tax Time Navigating the 2026-27 Car Thresholds Changes to Self Managed Super Fund (SMSF) borrowing rules High Court Brings Greater Clarity on Trust Distributions The High Court has recently handed down an important […]
Tax Flash July 2026 TAX FLASH – CGT CHANGES ARE NOW LAW FROM 1 JULY 2027 The Federal Budget in May announced sweeping changes to the CGT provisions centred around the abolition of the 50% CGT Discount from 1 July 2027 and taking us back to the pre 1999 system of CPI based indexation […]
In this issue Updates to Budget Measures and New Developments Payday Super Has Arrived – What Employers Need to Know ATO Cracks Down on Personal Services Income Arrangements: Is Your Business at Risk? Tax Ombudsman Sees 127% Surge in Complaints: What It Means for You Get Ready for 2026–27: Practical Steps SMSF Trustees Must Take […]
With 30 June fast approaching, start planning now for the EOFY Bad Debts Review the accounts receivable listing and recognise any genuine bad debts to be written off before 30 June 2026 Stock Take & Work in Progress (WIP) Undertake your stock stake at the value of either cost, market selling value or replacement value […]
In this issue Key 2026-27 Federal Budget Tax reforms: What they mean for you Ending card surcharges: What you need to know before 1 October 2026 Government to wind back electrick vehicle FBT exemption in three states SMSF year end reminder – what to check before 30 June Key 2026-27 Federal Budget Tax reforms: What […]
High Court confirms unpaid present entitlements are not Division 7A loans On 10 June 2026, the High Court delivered its decision in Commissioner of Taxation v Bendel, dismissing the Commissioner’s appeal and rejecting the ATO’s longstanding view that unpaid present entitlements (UPEs) owed to corporate beneficiaries may, without more, be treated as loans for Division […]
An important regulatory change t will affect accounting and business advisory firms across Australia from 1 July 2026. What is changing? The Australian Government has expanded Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime to include a number of professional service providers, including accounting and business advisory practices. As a result, firms such as ours […]
In This Issue Proposed CGT Changes – Don’t Act Now! Time to Distribute Income – What Trustees Need to Know FBT or Division 7A: When a Company Pays a Director’s Personal Expenses PayDay Super is Coming: What Businesses Need to Know and Do Now Proposed CGT Changes – Don’t Act Now! Last week the Government […]
In this issue ATO Updates EV Home Charging Rate: What It Means for You Practical Help for Businesses Impacted by Fuel Disruptions New ATO ‘Verify Call’ Feature: Instant Protection Against Phone Scams Superannuation contribution caps to increase from 1 July 2026 ATO Updates EV Home Charging Rate: What It Means for You The ATO has […]
In this issue What the New Div 296 Tax Means for Individuals with Large Super Balances A Wake-Up Call for Family Businesses on Fringe Benefits Tax Key Lessons from the Kilgour Case: Smarter Valuations in Business Sale Transactions The ATO Targets FBT on Work Vehicles: Don’t Let Assumptions Cost You What the New Div 296 […]