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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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
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News update – March 2026 This month we focus on key developments and practical guidance for business owners, property holders, and SMSF trustees navigating complex tax obligations. We begin with a deep dive into Director Penalty Notices (DPNs), highlighting the Tax Ombudsman’s review in response to a 136% surge in notices and the personal risks
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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 New draft guidance on holiday homes signals a much tougher approach to deductions for short-term rentals, particularly where lifestyle use blurs with genuine income-earning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
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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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The main residence exemption exempts your family home from capital gains tax (CGT) when you dispose of it. But, like all things involving tax, it’s never that simple. As the character of Darryl Kerrigan in The Castle said, “it’s not a house. It’s a home,” and the Australian Taxation Office’s (ATO) interpretation of a main
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