Blog

Apr 7, 2025
What payday super could mean for you
The way superannuation is paid may be about to undergo a significant transformation. As part of the Labor government’s efforts to strengthen the system, the proposed “payday super” reforms
Apr 7, 2025 Beyond the booking: tax implications for short-term rentals of your home
In today's sharing economy, platforms like Airbnb have made it easier than ever to earn extra income by renting out a spare room or your entire home. While this can be financially rewarding, many
Apr 7, 2025
ATO changes GST reporting periods for some small businesses
As a small business owner, it's essential to stay on top of your tax obligations. Recently, the ATO has announced that it will be moving around 3,500 small businesses from quarterly to monthly GST
Mar 27, 2025
Federal Budget 2025 Super Related Measures
On Tuesday, 25 March 2025, Treasurer Jim Chalmers handed down the 2025-26 Federal Budget, his 4th Budget. It was a non-eventful budget for superannuation. The only super item of note was some
Mar 27, 2025
Federal Budget 2025 Personal Measures
Personal tax rates cut from 1 July 2026 and 2027  The Government has proposed to cut the personal income tax rate for the income threshold ($18,200 - $45,000) from 16% to 15% (from 1 July 2026)
Mar 27, 2025
Federal Budget 2025 Business Measures
Budget breakdown: what you need to know  On Tuesday, 25 March 2025, Treasurer Jim Chalmers delivered his 4th Federal Budget, outlining the Government's financial plans for 2025-26. For
Mar 14, 2025
Time to check your super contributions for high income employees
You may be familiar with the minimum amount an employer has to contribute to an employee’s super each quarter: 11.5% this year and 12% from 1 July 2025. You might not be as familiar with the
Mar 14, 2025 Upskilling? You may be able to claim your self-education expenses
If you’ve thought about upskilling or undertaking professional development this year, you may be able to claim some of your self-education expenses in your 2024–2025 income tax
Mar 14, 2025
Get ready for the end of the FBT year!
Fringe benefits tax (FBT) has its own calendar. The FBT year starts on 1 April every year, and closes 31 March the following year. So, the end of this FBT year is 31 March and fast
Feb 11, 2025
Making smart super investment choices
Choosing the right investment option for your superannuation is important for your retirement savings. It's essential to understand the different types of investment options and their associated
Feb 11, 2025
Claiming deductions for vacant land
Tax deductions on vacant land. What could be complicated about that? But as with all things tax, it’s not straightforward. Your bit of dirt needs to meet a number of stringent conditions to qualify
Feb 11, 2025 ATO launches its small business focus areas for 2025
Understanding the ATO's focus areas for 2025 is essential to ensuring your business remains compliant and successful. The ATO has outlined specific areas of concern to help you avoid common
Jan 7, 2025
Making financial advice more accessible and affordable
Good news for Australians seeking financial guidance! The Government has announced plans to make quality financial advice more accessible and affordable for everyone. Why is this important? Recent
Jan 7, 2025
Navigating business growth: ATO’s medium and emerging program for private groups
If your small or medium business is on a growth trajectory, you may soon hear from the ATO that you’re being included in its medium and emerging program for private groups. This program is
Jan 7, 2025 Understanding the Medicare levy and Medicare levy surcharge
Navigating the Australian tax system can be challenging, especially when it comes to understanding the Medicare levy and the Medicare levy surcharge. Let’s break these down to help you
Dec 6, 2024
Balancing super between spouses: a strategic approach to retirement planning
As retirement approaches, couples often discover a significant imbalance in their superannuation accounts. This disparity can become crucial when planning for retirement, and addressing it
Dec 6, 2024
Proposed Changes To HELP Loans Could Mean Lower Repayments In 2025
If you're one of the millions of Australians with a Higher Education Loan Program (HELP) debt, you might be wondering how the government's proposed changes to HELP loans could affect you. These
Dec 6, 2024 Managing your business’s tax debts
Facing a tax bill is a common challenge for many Australian businesses. Whether you're currently facing a tax debt or anticipating one in the near future, it’s important to remember that