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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

Personal tax rates cut from 1 July 2026 and 2027 he 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) and

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 accountants

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

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

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

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

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

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

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

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

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

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

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

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

Excess Super Contributions: A Costly Lesson From a Recent AAT Case A recent Administrative Appeals Tribunal case (BVZH and FCT [2024] AATA 3618) highlights the importance of obtaining professional

Understanding Tax Offsets in Australia A tax offset reduces the amount of tax you pay on your taxable income. Most tax offsets are non-refundable, which means they cannot reduce your tax liability

ATO Lifestyle Asset Data-Matching Program: What Businesses Need to Know The ATO has recently announced or extended a number of data-matching programs, including the lifestyle asset data-matching