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This month we look at several important developments and practical compliance issues affecting individuals, businesses, trusts and SMSF trustees. The Government’s proposed 30% minimum tax on discretionary trusts could have significant implications for some family...

This month we explore a range of recent tax and superannuation developments that may affect individuals, business owners and trustees. We begin with the High Court's landmark Bendel decision, which provides greater clarity around the tax treatment of unpaid trust...

This month we focus on several significant developments affecting employers, investors, business owners and SMSF trustees. While the Federal Budget was only handed down in May, the Government has already announced some changes to key proposals and we take a look at...

This edition covers the following topics:-  Year end tax tips-  FBT thresholds and rates - 2026-27-  From the ATO-  Key dates-  .... and moreYear End Tax Tips How to reduce your tax bill We are getting near the end of the tax year (30 June), so you might want to...

Budget 2026-27: at a glance On Tuesday 12 May 2026 the Treasurer Jim Chalmers handed down the 2026-27 Federal Budget, framing some of the more significant announcements as part of a broader plan to help young Australians access the property market. While acknowledging...

This month we cover several practical updates that will matter for businesses and individuals as we head towards the financial year-end. The ATO’s revised EV home-charging rate delivers more generous deductions for work-related car claims and can impact on FBT...

This month we step through the newly enacted Division 296 superannuation tax—what it means for those with large super balances, how it will operate in practice, and the planning opportunities now available. We also bring a clear message for business owners and...

IMPORTANT ACTION REQUIRED BY ALL BUSINESS OWNERS:  Especially those currently paying wages to Directors, Employees and/or Associates, Directors fees and bonusesPAYDAY SUPER REFORMS We wish to inform you that the Government has recently finalised its Payday Super...

This edition covers the following topics:-  Business and income expenses-  From the ATO-  Key dates-  .... and moreNew Law Small business instant asset write-off The Bill extending the $20,000 threshold for the instant asset write-off until 30 June next year (which we...

This month we look at the ATO’s sharpened compliance focus across property, business incentives and emerging technologies. New draft guidance on holiday homes signals a much tougher approach to deductions for short-term rentals, particularly where lifestyle use blurs...

This information is provided by Knowledge Shop Pty Ltd ABN 90 107 532 945 (Knowledge Shop) and is protected by copyright under the Copyright Act 1968 (Cth). This information is general information only and not intended to be financial product advice, investment...

Your obligations to the ATO and your Tax Practitioner's obligations to you, the TPB and ATOYour obligations are important As a taxpayer, it is important you are aware of your obligations to the Australian Taxation Office (ATO) and understand your tax practitioner has...

From payroll reform to professional development, this issue explores several important topics for businesses and investors. We unpack the new Payday Super laws that will soon change how employers handle super contributions and clarify when further study — like an MBA...

This month brings a mix of tax reform, real-world lessons, and practical planning insights. We unpack the Government’s latest announcements on the proposed overhaul of the super tax rules that will reshape strategies for those with balances above $3 million. A recent...

Small business instant asset write-off A Bill before Parliament will extend the $20,000 instant asset write-off for another year until 30 June 2026. The instant asset write-off is available to a small business (annual aggregated turnover under $10 million) that uses...

The past few months have brought some important developments that could have real consequences for business owners, trustees, and investors. From a recent Tribunal case that highlights why timing and evidence are crucial when it comes to trust distributions (and more...

Income tax thresholds/amounts Various income tax thresholds and amounts changed on 1 July 2025. Some of the more common business-related ones are listed below.Division 7A benchmark interest rate: 8.77% for 2024–25 and 8.37% for 2025–26. CGT improvements: $182,665 for...

The 2024–25 Federal Budget is framed around cost-of-living relief, housing supply, energy transition, workforce participation and compliance integrity. It delivers direct household assistance, targeted business incentives, modest structural reform and large...