News update – May 2026 As we head toward year-end, Siragusa Accounting Group is sharing a quick update for small businesses and individuals in Reservoir and Melbourne’s northern suburbs. This edition covers the ATO’s higher EV home-charging rate (and what it means for deductions and FBT), practical ATO relief options for businesses impacted by fuel
Read More…
News update – April 2026 April 2026 Tax Update for Small Businesses and High‑Wealth Clients What Business Owners in Reservoir Need to Know Right Now The tax landscape continues to shift—and April 2026 has delivered some of the most important changes and court decisions we’ve seen in years. For business owners, property investors, and individuals
Read More…
News update – February 2026 This month we look at the ATO’s sharpened compliance focus across property, business incentives and emerging technologies. New draft guidance on holiday homes signals a much tougher approach to deductions for short-term rentals, particularly where lifestyle use blurs with genuine income-earning intent. The Federal Government’s review of the Electric
Read More…
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
Read More…
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.
Read More…
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
Read More…
FBT 2025: What you need to know The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees. FBT exemption for electric cars Employers that provide employees with the use of eligible electric vehicles (EVs) can potentially qualify for an FBT exemption. This should normally be the
Read More…
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
Read More…
The politicians have weighed in on the Reserve Bank of Australia’s economic policy and their reticence to reduce interest rates in the face of community pressure. We look at what the numbers are really showing. Treasurer Jim Chalmers has stated that global uncertainty and rate rises are “smashing the economy”. Former Treasurer Wayne Swan weighed
Read More…
Click here to view PDF: NEWS UPDATE – SEPTEMER 2024 It wasn’t me: the tax fraud scam You login to your myGov account to find that your activity statements for the last 12 months have been amended and GST credits of $100k issued. But it wasn’t you. And you certainly didn’t get a $100k refund
Read More…
