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 […]
In this issue Director Penalty Notice (DPN) Review: A Wake-Up Call for Business Owners on Personal Tax Risks Navigating CGT on Your Home: New ATO Clarity for Home-Based Businesses ATO Update on Inherited Homes: What it Means for Your Family’s Wealth Keeping Your Self-Managed Super Fund Compliant Director Penalty Notice (DPN) Review: A Wake-Up Call […]
In This Issue Contracts matter in related party dealings Forgiving an Upaid Present Entitlement (UPE) due from a Trust FBT – No Longer an Afterthought Contracts matter in related party dealings It can be a rare thing to have all the assets of a business held by one entity. Often the business structure contains various […]
In this issue Holiday Homes Under the Microscope: What the ATO’s New Guidance Means for You Electric Car Discounts Under Review: What It Means for Your Business (and What You Should Do Now) AI Tax Tips: Helpful Shortcut or Costly Trap? Downsizer contributions and the main residence exemption Holiday Homes Under the Microscope: What the […]
In this issue Super on Payday: Fundamental Changes for Employers Unlocking Tax Savings: Can Your MBA (or Other Studies) Pay Off at Tax Time? Know the Rules Before You Break Them: Why SMSF Education Matters More Than Ever Cash is Making a Comeback – Is Your Business Ready to Take It? Super on Payday: Fundamental […]