The Better Targeted Superannuation Concessions measure, known as the Division 296 tax, is now law and takes effect from 1 July 2026. For those with large super balances, it is important to understand what the new tax does, why it has been introduced, and the practical steps you and your financial adviser should consider. The […]
What the New Div 296 Tax Means for Individuals with Large Super Balances Read More »
The ATO is increasing its focus on employers who provide work vehicles for private use. Sophisticated data matching means assumptions and shortcuts can quickly lead to audits, penalties, interest charges, and reputational damage. If you provide vehicles to your team, whether to support field work, boost morale, or offer a valuable perk, now is the
The ATO Targets FBT on Work Vehicles: Don’t Let Assumptions Cost You Read More »
Key Tax Due Dates Registered agent lodgment program due dates for April 2026 Last updated 1 July 2025 21 April 28 April Note: employers who do not pay the minimum super contributions for quarter 3 by this date must pay the super guarantee charge and lodge a Superannuation Guarantee Charge statement by 28 May 2026.
April 2026 Tax Due Dates Read More »
As the 2026 FBT year comes to an end, the ATO is focusing on employers that provide vehicles to employees. In particular, from 1 April 2025, PHEVs are no longer treated as zero or low-emission vehicles and therefore no longer qualify for the FBT exemption. For employers that provide plug-in hybrid vehicles (PHEVs), it is
April 2026 Essential Tax Summary Read More »
Key Tax Due Dates The ATO has published the registered agent lodgment program due dates for February 2026 (last updated 1 July 2Below are the key registered agent lodgment program due dates for March 2026. 21 March 2026 31 March 2026 Payment for individuals and trusts in this category is due as advised on their
March 2026 Tax Due Dates Read More »
ATO small business focus areas and superannuation changes This month, the ATO published details of its current small business focus areas, including poor compliance, cash income and payments, the property and construction industry, and the private use of business assets. Bills have also been introduced to implement the new Division 296 tax. This reduces the
March 2026 Essential Tax Summary Read More »
Self-managed superannuation funds, or SMSFs, can offer a great deal of flexibility. They allow members to make investments and enter into arrangements that may not be available through retail or industry super funds. That flexibility also comes with serious responsibilities. SMSF trustees need to make sure the fund’s decisions and transactions comply with superannuation law.
Keeping Your Self-Managed Super Fund Compliant Read More »
The ATO has issued Draft Taxation Determination TD 2026/D1, which looks at how inherited family homes are treated for capital gains tax (CGT) purposes. Some commentators have described it as a “death tax by stealth”, although the issue is more nuanced than that. The draft guidance focuses on one specific part of the rules for
ATO Update on Inherited Homes: What it Means for Your Family’s Wealth? Read More »
As a business owner or investor, time is tight. It makes sense that people ask AI tools for quick answers on deductions, super contributions, or “best structure” ideas. The responses sound confident, arrive instantly, and feel low-risk. The risk is real. Australia’s tax and super rules are detailed, fact-specific, and change over time. AI can
AI Tax Tips: Helpful Shortcut or Costly Trap? Read More »
Many Australians own a holiday place that’s used two ways, family time during the year, and short-stay rentals (Airbnb, Stayz and similar) to help cover the costs. The Australian Taxation Office has released draft guidance that draws a much sharper line between: The drafts are TR 2025/D1, PCG 2025/D6 and PCG 2025/D7, and they signal
Holiday Homes Under Microscope: What the ATO’s New Guidance Means for You Read More »
Administration Officer
With her kind, caring and approachable nature, Reshika never fails to provide a positive, welcoming experience for our clients, assisting them as they walk in our door or call our office. She understands the power of customer service and is always willing to lend a hand.
With her fun and relaxed personality, Reshika is incredibly creative, especially when it comes to finding solutions for evolving challenges, from financial matters to marketing requirements and beyond. Holding a Masters of Business Administration with a major in Marketing and significant experience in the banking industry, Reshika has a unique combination of skills which makes her a real asset to Fortis.
Reshika is motivated to reach new heights, take risks and develop her career by working alongside Bernadette, our Client Administration Manager, and having the opportunity to learn new things such as new platforms and procedures.
Reshika is passionate about fitness and does not miss an opportunity to take advantage of the gym. Despite Reshika’s relaxed personality it all goes out the door when card or board games are involved!
