News update – August 2026 At Siragusa Accounting Group, we’re committed to keeping our clients across Melbourne’s northern suburbs and beyond informed about the tax, business and superannuation changes that may affect their financial position. In this edition, we explore several important developments, including the High Court’s landmark Bendel trust decision and what it means
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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 – 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 – November 2025 This month brings a mix of tax reform, real-world lessons, and practical planning insights. We unpack the Government’s latest announcements on the proposed overhaul of the super tax rules that will reshape strategies for those with balances above $3 million. A recent tribunal decision also serves as a reminder that
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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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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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Click here to view PDF: NEWS UPDATE – FEBRUARY 2025 Why the ATO is targeting babyboomer wealth “Succession planning, and the tax risks associated with it, is our number one focus in 2025. In recent years we’ve observed an increase in reorganisations that appear to be connected to succession planning.” ATO Private Wealth Deputy Commissioner
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Tax deduction denied for signature basketball shoe R&D The Federal Court has denied a sports company’s appeal to claim research & development incentives for the creation of an Australian signature basketball shoe. The Movie Air highlighted the importance of the signature Air Jordan shoe to Nike. While expected to sell around $3 million worth of
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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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