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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

ATO’s New Compliance Guidelines: What You Need to Know The Australian Taxation Office (ATO) has rolled out several key updates that could affect both individuals and businesses. Here’s a simple breakdown of the latest changes and how they might impact you. ATO Expands Data-Matching on Property and Lifestyle Assets The ATO has launched a data-matching

Key Tax Due Dates for September As we navigate through September, 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

Protect Your myGov Account: Tax Fraud on the Rise Imagine logging into your myGov account only to find that your activity statements have been amended and $100,000 worth of GST credits have been issued. The worst part? It wasn’t you. Unfortunately, this scenario is becoming more common as scammers hack into myGov accounts to steal

Understanding Australia’s Economic State of Play As interest rates remain high, political leaders and Australians alike are questioning the Reserve Bank of Australia’s (RBA) economic policy. Are higher interest rates helping or hurting the economy? Politicians Respond to the RBA’s Strategy Treasurer Jim Chalmers emphasized that global uncertainty and rising rates are “smashing the economy.”

Key Tax Due Dates for August As we navigate through August, 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