Currently, most employers pay super on a quarterly basis. From July 2026, super will instead need to be paid each pay cycle. The ATO has released a checklist to help employers prepare for this change. Below is a straightforward guide outlining what small businesses...

No doubt noting the growing trend for people to rent out property for short-term accommodation, the ATO has withdrawn a 40-year old ruling and replaced it with a new draft Taxation Ruling accompanied by two draft practical Compliance Guidelines that between them cover...

Can the cost of clothing be tax deductible? Sometimes it can be, but only in limited circumstances.The tax deductibility of expenditure on clothing is subject to strict ATO guidelines.These cover occupation-specific clothing, compulsory uniforms and protective items....

With the festive season fast approaching, business owners will be turning their mind to year end celebrations with both employees and clients.Knowing the rules around Fringe Benefits Tax (FBT), GST credits and what is or isn't tax deductible can help keep tax costs to...

With more than $4 trillion in superannuation, it’s no surprise scammers see it as a goldmine. ASIC has warned Australians to be on high alert after a rise in pushy ales tactics and false promises designed to lure people into risky super switches. Since your super is...

Our Director Valentine Tse reminds all employers to finalise their Single Touch Payroll (STP) reporting obligations on time. Click here to read more

Get on the front foot for your 2024-25tax return Here are some more detailed tips relating to a couple of common claims that often attract ATO scrutiny. Click here to read

Congratulations! Your investment has done well, and you’re cashing in. You’re happy, and sotoo is the ATO. That substantial capital gain has brought wealth and a hefty tax bill. Sharingmight be part of the deal but when it comes to your hard-earned profits, you might...

You may have read about a recent court decision affecting some family trusts.In a case called Bendel, published on 19 February 2025, the Full Federal Court unanimously held that the private company beneficiary of a discretionary trust has not made a “loan” or...

Super is a great way to save for retirement. It offers an opportunity to invest in long-term growth assets and enjoy generous tax concessions along the way. For those wanting to make extra contributions and reduce their personal tax bill, there are two options:■...