This is a courtesy email to advise that due to a planned power outage on Wednesday 21st October, our North Perth office will be closed and staff will be working from home. This means that we will not be receiving calls to the office on Wednesday. If you require our assistance, please call us […]
Tax Flash October 2026 30% MINIMUM TAX FOR TRUSTS – FINAL LEGISLATION RELEASED As was further highlighted in last month’s Tax Flash, the May 2026 Federal Budget announced sweeping changes to the tax landscape for SME’s and private groups, including the proposed 30% minimum tax for discretionary trusts that is proposed to commence from 1 […]
In this issue Travel records under the microscope “Widow tax” fixed Reviewing your fund’s investment strategy $21 billion in lost super is waiting Travel records under the microscope If you spend time outside Australia for work, family or personal reasons, your travel history could become increasingly important when it comes to your Australian tax affairs. […]
The May 2026 Federal Budget announced sweeping changes to the tax landscape for SME’s and private groups, including the proposed 30% minimum tax for discretionary trusts that is proposed to commence from 1 July 2028. What has changed since the Budget? However, in what has become an all too often occurrence with these proposed changes, […]
In this issue Discretionary trusts and the proposed 30% minimum tax New reasonable travel and overtime meal rates Penalty units increase from 1 July 2026 SMSF and property – preparing for a smooth audit Discretionary trusts and the proposed 30% minimum tax Discretionary trusts, often referred to as family trusts, have been a popular structure […]
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 […]