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 […]
In This Issue ATO sets out rules on holiday homes, just in time for summer holidays! Property activities – Are you “required” to register for GST? Divison 296 revamped, for better or worse? ATO sets out rules on holiday homes, just in time for summer holidays! The summer holidays are approaching. For some, they are […]