News update – October 2025 The past few months have brought some important developments that could have real consequences for business owners, trustees, and investors. From a recent Tribunal case that highlights why timing and evidence are crucial when it comes to trust distributions (and more broadly), to the practical impact of new rules which
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News update – September 2025 A win for those carrying student debt Creating a more dynamic and resilient economy Non-compete clauses: the next stage Superannuation guarantee: due dates and considerations for employees and employers RBA cuts rates to 3.60%: what this means for you There’s been a bit to report on since our August publication.
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News update – August 2025 As we move into the 2025/2026 financial year there are some key changes in tax, superannuation and compliance that are set to impact on a range of individuals and business owners. This edition of our newsletter brings together the most relevant updates to help you stay compliant, minimise your tax
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Deduction for ATO Interest charges scrapped. If you’re carrying an Australian Taxation Office (ATO) debt there is a good chance that it will cost you even more from 1 July 2025 onwards. This is because from 1 July 2025 two types of interest charges imposed by the ATO are no longer deductible. What are the
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News update – July 2025 Div 296 super tax and practical things to consider Division 296 super tax is a controversial Federal Government proposal to impose an extra 15% tax on some superannuation earnings for individuals if their total superannuation balance (TSB) is over $3 million as at 30 June of the relevant income year.
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News update – June 2025 In this edition we cover: o Labor’s victory: unpacking the promises and priorities o From air fryers to swimwear: tax claims to avoid o ATO’s new requirements for NFPs o Economic crossroads: US shrinks, China stimulates, Australia holds steady Labor’s victory: unpacking the promises and priorities As the Labor party
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With the end of the financial year fast approaching we outline some opportunities to maximise your deductions and give you the low down on areas at risk of increased ATO scrutiny. Opportunities Bolstering superannuation If growing your superannuation is a strategy you are pursuing, and your total superannuation balance allows
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News update – May 2025 Year-end tax planning opportunities & risks With the end of the financial year fast approaching we outline some opportunities to maximise your deductions and give you the low down on areas at risk of increased ATO scrutiny. Opportunities Bolstering superannuation If growing your superannuation is a strategy
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April News Update Personal tax cuts From 1 July 2026, personal income tax rates will change. On the last sitting day of Parliament, the personal income tax rate reduction announced in the 2025-26 Federal Budget was confirmed. The modest reduction of 1% applies to the $18,201-$45,000 tax bracket, reducing from its current rate of 16%
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Budget 2025-26 is one that the government clearly did not expect to have to deliver. It features a modest personal income tax cut of up to $268 in 2026-27, with a tax saving of up to $536 from the 2027-28 year, and over $20bn in predominantly preannounced spending initiatives across energy, healthcare, education, families and
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