Discretionary Trusts : Another Budget Casualty
The Federal Budget has proposed a significant change to the taxation of discretionary trusts, introducing a minimum tax rate of 30% on trust income from 1 July 2028. […]
Capital Gains Post Budget : What It Means For You
As part of budget night we all heard about the changes to the 50% discount on capital gains being replaced with indexation and a minimum tax rate of […]
Negative Gearing and the New Federal Budget
Negative gearing is a tax arrangement that allows property investors to deduct rental property losses from their other taxable income. For decades, it has been a popular strategy […]
Good news in the Budget?
The budget is looming closer and there is talk of potential new deductions for individual taxpayers. The Australian Government has announced plans to introduce a new $1,000 instant […]
New ATO App Security Features
The ATO have added features to the ATO app to help individuals and sole traders keep their personal information secure. Verify Call The Verify Call feature helps protect […]
Fact or Fiction? What to expect with Payday Super
With just over 2 months to go until Payday Super begins, let’s clear up a few of the biggest misconceptions that have been going around. Myth: “I’ve got […]
FBT Year-End is Here! Are you ready?
With the Fringe Benefits Tax (FBT) year ending on 31 March, now is the ideal time to review any benefits provided to employees over the past 12 months. […]
Division 296 and SMSFs with unlisted assets
The new Division 296 super tax will apply from 1 July 2026, increasing tax on earnings for individuals with super balances above $3 million. While the changes are […]
Death and Taxes
Updated rules came into effect in late 2025 with the ATO regarding deceased individuals impacting both the Executor or Legal Personal Representative (LPR) and the Registered Tax Agent. […]
Default Super
Employers must select a default nominated super fund for employees who don’t have a chosen super fund. As an employer, you are required to select a default super […]