Your Knowledge Newsletters
Keep up to date with the latest in taxation and superannuation news.
MAY 2025
With the end of the financial year fast approaching we outline some opportunities to maximise your deductions and give you the low down on areas at risk of increased ATO scrutiny.
APRIL 2025
On the last sitting day of Parliament, the personal income tax rate reduction announced in the 2025-26 Federal Budget was confirmed!
march 2025
The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees.
february 2025
The Australian Taxation Office (ATO) thinks that wealthy babyboomer Australians, particularly those with successful family-controlled businesses, are planning and structuring to dispose of assets in a way in which the tax outcomes might not be in accord with the ATO’s expectations.
December 2024
Can I avoid giving the Australian Tax Office a gift this Christmas? What can I do to make the staff Christmas party tax deductible or tax-free?
NOVEMBER 2024
The countdown to Christmas is on and we’re in the midst of a headlong rush to maximise any remaining opportunities before the Christmas lull. Busy period or not, Christmas causes a period of dislocation and volatility for most businesses.
OCTOBER 2024
From 1 July 2026, employers will be obligated to pay superannuation guarantee (SG) on behalf of their employees on the same day as salary and wages instead of the current quarterly payment sequence.
SEPTEMBER 2024
You login to your myGov account to find that your activity statements for the last 12 months have been amended and GST credits of $100k issued. But it wasn’t you. And you certainly didn’t get a $100k refund in your bank account. What happens now?
August 2024
The Tax Commissioner has successfully argued that more than $1.6m deposited in a couple’s bank account was assessable income, not a gift or a loan from friends.
july 2024
As you would be aware (at least we hope so after a $40m public education campaign), the personal income tax cuts came into effect on 1 July 2024. At the same time, the superannuation guarantee (SG) rate increased by 0.5% to 11.5%.
June 2024
Take advantage of the 1 July 2024 tax cuts by bringing forward your deductible expenses into 2023-24. Prepay your deductible expenses where possible, make any deductible superannuation contributions, and plan any philanthropic gifts to utilise the higher tax rate.
MAY 2024
It’s common for business owners to utilise company resources for their personal use. The business is often such a part of their life that the line distinguishing ‘the business’ from their life can be blurred.
April 2024
The ATO has issued a warning to trustees of SMSFs about sloppy valuation practices.
ATO data analysis has revealed that over 16,500 self managed superannuation funds (SMSFs) have reported assets as having the same value for three consecutive years. With many of these assets residential or commercial Australian property, you can forgive the ATO for being incredulous.
MARCH 2024
The Fringe Benefits Tax year (FBT) ends on 31 March. We explore the problem areas likely to attract the ATO’s attention.
FEBRUARY 2024
In the article, Can my SMSF invest in property development? under the heading Related ungeared trust or company, the conditions are listed accurately, but in the section noted Warning on conducting a business, the sentence stated: "One of the criteria for the exemption in 13.22C to apply is that the trust or company cannot not be conducting a business." The 'not' should not be there and the sentence should read "One of the criteria for the exemption in 13.22C to apply is that the trust or company cannot be conducting a business."
DECEMBER 2023
Inside this month, the controversial case of the taxpayer who claimed a loss on their home, tax and Christmas, and the key 2024 influences!
NOVEMBER 2023
Inside this month, the missing $3.6bn in super guarantee owed to workers, and the Chobani yoghurt case that tests the boundaries of GST-free foods.
OCTOBER 2023
Inside this month, the implications of Victoria's 'Airbnb tax' and the $20k deduction for ‘electrifying’ your business.
SEPTEMBER 2023
Inside this month, the 'TikTok scandal'. $1.7 billion paid out in fraudulent refunds, another $2.7bn in fraudulent claims stopped, around 56,000 alleged perpetrators and over 100 arrests to date. How did the TikTok tax scandal get out of control?
AUGUST 2023
Inside this month, the blowback from the tax refund expectation gap, why succession is more than a TV show, and the implications and pitfalls of small scale subdivisions.
JULY 2023
Inside this month we walk you through the skills and training, and technology boosts - who can access them and how to make the most of them. Plus the rise of the digital games industry.
may 2023
Inside this month, the ATO rental blitz - 1.7 million taxpayers will be drawn into the ATO’s residential investment property data matching program utilising bank data. Plus, the ATO's expectations of 'content creators' from OnlyFans to Tiktokers!
APRIL 2023
Inside this month, tax and electric cars, company money - a guide for owners, the pros and cons of earn-out clauses, and what to expect from budget 2023-24.
MARCH 2023
Inside this month, the updated approach to deductions for working from home and the requirements from 1 March, the 'super' wars, and what the ATO will be asking about your holiday home.
FEBRUARY 2023
Inside this month, we've taken ChatGPT for a spin to see the results - don't panic, our example demonstrates that getting good advice from your trusty accountant is essential. Plus, we look at the downsizer contribution now that the age has reduced to 55, and the ATO's final position on risky trust distributions.