The first is the announcement in the Budget that trust income will now be taxed to the trust at a minimum rate of 30% regardless of how it is ultimately distributed to beneficiaries. Click here to read

Well, the first thing to note is that the negative gearing changes are “grandfathered” ie. they do not apply to properties that are already owned at the time of the Budget (12 May 2026) – and such properties can be continued to be negatively geared as long as you own...

On 12 May 2026, the Federal Government delivered its fifth Budget. It was one of the most dramatic and significant budgets in decades. Among other things, it announced that negative gearing would be abolished for property purchased after 1 July 2027. Click here to...

Even before the current war in the Middle East, the budget has clearly been under some pressure. Recent comments from various government sources suggest that changes to the tax rules around investment properties could be under serious consideration. So, what sort of...

The government has passed the Division 296 tax, which will start from 1 July 2026. While it mainly affects people with large super balances, it’s still important to understand what’s changing and why. Click here to read

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No doubt noting the growing trend for people to rent out property for short-term accommodation, the ATO has withdrawn a 40-year old ruling and replaced it with a new draft Taxation Ruling accompanied by two draft practical Compliance Guidelines that between them cover...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