Borrowing Money from Your Company? Read This First
If you borrow money from your private company or regularly take money out without recording it as wages or dividends, it’s important to understand the Division 7A rules. […]
Is Your Business Vehicle Creating an FBT Obligation?
A quick reminder—if your business owns a vehicle and it’s also used for personal trips (even occasionally), you may need to be registered for Fringe Benefits Tax (FBT). […]
AUSTRAC AML/CTF Compliance Reforms
AML (Australian Money Laundering)/CTF (Counter Terrorism Financing) Act was already being used by banks, casinos and bullion dealers. From 1 July 2026, AUSTRAC (Australian Transaction Reports and Analysis […]
Don’t Forget Your Notice Of Intent For Personal Super Contributions!
As we head into tax return season, we’d like to remind clients who have made personal (after-tax) super contributions there is an important step to complete if you […]
Payroll Processing Doesn’t Mean Super Has Been Paid
With Payday Super just around the corner the Australian Taxation Office (ATO) is paying closer attention to employer superannuation obligations through information reported under Single Touch Payroll (STP). […]
End Of Financial Year Checklist
We are nearly at the end of another financial year. Here are a few suggestions for everyone to check before 30 June 2026. Individuals Find your receipts for […]
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 […]