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Key Tax Due Dates for December As we navigate through December, it’s crucial for businesses and individuals to stay on top of their tax obligations. Here are the essential due dates for this month: To ensure compliance and avoid penalties, it’s important to prepare in advance and meet these deadlines. Staying organised with your tax […]

Welcome to This Month’s Update! As the year wraps up, the Senate has cleared 32 Bills in its final sitting, setting the stage for the upcoming election. In this edition, we highlight key changes, including simplified compliance guidance for non-resident trust benefits under section 99B and updated ATO rules on family trust elections—a common source

Australia’s approach to student loans differs greatly from the US, where debt often reaches USD $37,693 and can take 20 years to repay. In Australia, most students owe between $20,000 and $45,000, repaid in around 8 years on average. The HECS-HELP system allows eligible students to cover tuition, with repayments starting at an income threshold

The holiday season is a time of heightened activity and uncertainty for many businesses. Although living costs have eased slightly, consumers still face financial pressures, particularly with rising mortgage and service costs. These pressures mean that while customers are looking to spend, they’re also seeking value. To manage this demand and avoid potential disruptions, businesses

Key Tax Due Dates for November As we navigate through November, it’s crucial for businesses and individuals to stay on top of their tax obligations. Here are the essential due dates for this month: Note: Employers lodging a Superannuation guarantee charge statement can choose to offset contributions they paid late to a fund against their super guarantee charge for the

Tax Round-up: Key Changes and Developments for November In this edition, we’re bringing you the latest updates and insights from the ATO to help you navigate recent changes and stay compliant. You’ll find essential guidance on the tax treatment of ETFs, the ATO’s support for managing complex transactions, and new rules affecting debt deductions and

Tax Round-up: Key Changes and Developments for October The latest tax updates bring significant reforms and changes that will impact both employers and individuals. The following blog highlights some of the most important updates from the recent tax round-up, focusing on changes to superannuation payments, luxury car tax, tax exemptions for not-for-profit organisations, and record-keeping

Key Tax Due Dates for October As we navigate through October, it’s crucial for businesses and individuals to stay on top of their tax obligations. Here are the essential due dates for this month: To ensure compliance and avoid penalties, it’s important to prepare in advance and meet these deadlines. Staying organised with your tax

Understanding Capital Gains Tax (CGT) on Inherited Property in Australia When you inherit a property in Australia, it’s important to understand how Capital Gains Tax (CGT) may affect you when you decide to sell it. While inheriting a property does not immediately trigger CGT, selling it could. The tax rules around this can be complex,

Payday Super Reforms: What Employers Need to Know The Australian Treasury has released details of the Payday Super measure, first announced in the 2023-24 Federal Budget. These reforms aim to address the problem of unpaid or underpaid superannuation by requiring employers to make Superannuation Guarantee (SG) contributions more frequently. Starting from 1 July 2026, employers