Debbie Grace 27/3/25 Debbie Grace 27/3/25

Key Highlights from the 2025-26 Federal Budget

The 2025-26 Federal Budget brings several significant changes to tax rates, the Medicare Levy threshold, and introduces various measures in non-tax related areas.

Debbie Grace 25/3/25 Debbie Grace 25/3/25

How to Master Employer Obligations in 2025

Taxpayers who employ staff should remember the following important dates and obligations…

Debbie Grace 18/3/25 Debbie Grace 18/3/25

New Ban on Foreign Purchases of Established Dwellings in Australia

From 1 April 2025, a new temporary ban will prevent foreign individuals and companies from purchasing established homes in Australia. This move is aimed at improving housing affordability and ensuring more homes are available for domestic buyers.

Debbie Grace 11/3/25 Debbie Grace 11/3/25

ATO Implements Monthly GST Reporting for Non-Compliant Businesses

In a bid to improve tax compliance, the Australian Taxation Office (ATO) has announced that around 3,500 small businesses with a history of non-payment, late lodgement, or incorrect reporting will be required to shift from quarterly to monthly GST reporting starting 1 April 2025.

Debbie Grace 19/2/25 Debbie Grace 19/2/25

ATO Debunks Division 7A 'Myths'

The ATO has recently published a document 'debunking' various Division 7A 'myths'…

Debbie Grace 11/2/25 Debbie Grace 11/2/25

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.

Debbie Grace 4/2/25 Debbie Grace 4/2/25

CGT Withholding Measures Now Law

The Government recently passed legislation making changes to the foreign resident capital gains withholding laws (among other changes).

Debbie Grace 21/1/25 Debbie Grace 21/1/25

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."

Debbie Grace 15/1/25 Debbie Grace 15/1/25

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…

Debbie Grace 7/1/25 Debbie Grace 7/1/25

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.

Debbie Grace 18/12/24 Debbie Grace 18/12/24

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.

Debbie Grace 10/12/24 Debbie Grace 10/12/24

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.

Debbie Grace 3/12/24 Debbie Grace 3/12/24

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…

Debbie Grace 27/11/24 Debbie Grace 27/11/24

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…

Debbie Grace 19/11/24 Debbie Grace 19/11/24

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.

Debbie Grace 12/11/24 Debbie Grace 12/11/24

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.