Our Recent Blogs
ATO Debunks Division 7A 'Myths'
The ATO has recently published a document 'debunking' various Division 7A 'myths'…
HELP and Student Loan Repayments
The Government has announced changes to the Higher Education Loan Program (HELP) and other student loan repayment systems to make them fairer.
CGT Withholding Measures Now Law
The Government recently passed legislation making changes to the foreign resident capital gains withholding laws (among other changes).
Taxpayer's Claims for Various 'Home Business' Expenses Rejected
In a recent decision, the AAT rejected in full a taxpayer's claims for "several classes or categories of deductions."
Eligibility for Compassionate Release of Superannuation
The ATO has been responsible for the administration of the early release of superannuation on compassionate grounds since 1 July 2018…
FBT on Plug-In Hybrid Electric Vehicles
From 1 April 2025, a plug-in hybrid electric vehicle ('PHEV') will not be considered a zero or low emissions vehicle under fringe benefits tax ('FBT') law and will not be eligible for the electric car FBT exemption.
Deductions for Financial Advice Fees
The ATO has provided guidance about when an individual not carrying on an investment business may be entitled to a deduction for fees paid for financial advice.
Individuals With Study & Training Loans May Receive Credits
The bill to change the annual indexation for study and training loans has now passed parliament. Once the change is law, indexation will be based on either the Consumer Price Index (CPI) or Wage Price Index (WPI) – whichever is lower.
Festive Season & FBT
The minor benefit exemption provides an exemption from FBT for most benefits of 'less than $300' that are provided to employees and their associates (e.g., family) on an infrequent and irregular basis…
Hiring Employees for the Festive Season
As the festive season approaches, employers that hire new employees to help with their business should remember the following when it comes to their employer tax and super obligations…
ATO's Notices of Data-Matching Programs
The ATO will acquire officeholder data from ASIC and other bodies for the 2024 to 2027 income years, including name, address, date of birth, ABN, contact details, organisation details and officeholder details.
Government’s Payday Super
Treasury has released a fact sheet with proposed details about the Government's 'payday super' measure. From 1 July 2026, employers will be required to make SG contributions on 'payday', the date of an ordinary times earnings payment to an employee.
Valuing Fund Assets for SMSFs
One of the many responsibilities SMSF trustees have every income year is valuing their fund's assets at market value.
ATO Security Safeguards for Victims of Fraud Recently Enhanced
Where a taxpayer has been the victim of identity, tax or super fraud, the ATO may apply security safeguards to their account to prevent further harm.
myGovID Changing Its Name to myID
The digital identity app 'myGovID' will soon be changing its name to 'myID'. While the name is changing, the login and security will not change.
Avoid a Tax Time Shock
Individual taxpayers can take the following steps right now to ensure the correct amount of tax is being put aside throughout the year...
Small Business Concessions
The ATO has recently issued a reminder that small business owners may be eligible for concessions on the amount of tax they ultimately pay.
Salary Package Rental Property Expenses to Avoid GST
A smart salary packaging strategy for employees who own residential rental properties involves optimizing their expenses by selectively packaging certain costs related to the property.
Understanding the Electric Vehicle Home Charging Rate
In the ever-evolving landscape of electric vehicles (EVs), one key aspect for both employers and individuals is understanding how to calculate the cost of charging these vehicles at home.
Tax Incentives for Early Stage Investors
The ATO is reminding investors who purchased new shares in a qualifying ‘early stage innovation company' ('ESIC') that they may be eligible for tax incentives.