News update – July 2026 At Siragusa Accounting Group, proudly providing accounting, taxation and business advisory services to Melbourne’s North and beyond, we are committed to keeping our clients informed of the latest developments that may impact their financial and business decisions. This month, we examine key updates affecting employers, investors, business owners and SMSF
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News update – June 2026 Big tax and business changes are on the horizon—and for individuals, families and business owners across Northern Melbourne, including Reservoir, now is the time to get informed. At Siragusa Accounting Group, we’ve pulled together the key updates you need to know, from the Federal Budget proposals affecting negative gearing, the
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Budget 2026-27: at a glance. The Federal Budget 2026–27 is now out, and we’ve pulled together the key announcements so you have the latest information at your fingertips. This briefing highlights the changes most likely to matter for individuals, investors and business owners. As some measures are still proposals and may evolve as legislation is
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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 – 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 – 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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What’s ahead in 2025? The last few years have been a rollercoaster ride of instability. 2025 holds hope, but not a guarantee, of greater stability and certainty. We explore some of the key changes and challenges. An election Welcome to political advertising slipping into your social media, voicemail, and television viewing – most likely with
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Can you avoid giving the Australian Tax Office a gift this Christmas? The top Christmas party questions What can I do to make the staff Christmas party tax deductible or tax-free? Not have one? Ok, seriously, it’s likely that you will pay tax one way or another; it’s just a question of how. If you
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