DPN Review: A Wake-Up Call for Business Owners on Personal Tax Risks
This month we focus on key developments and practical guidance for business owners, property holders, and SMSF trustees navigating complex tax obligations. DPN Review: A Wake-Up Call for Business Owners on Personal Tax Risks Running a successful business is hard work—and sometimes, despite best intentions, tax obligations slip. If the business is being operated through […]
Holiday Homes Under the Microscope, Electric Car Discounts Under Review, and AI Tax Tips
This month we look at the ATO’s sharpened compliance focus across property, business incentives and emerging technologies. New draft guidance on holiday homes signals a much tougher approach to deductions for short-term rentals, particularly where lifestyle use blurs with genuine income-earning intent. The Federal Government’s review of the Electric Car Discount also places current EV […]
Know the Rules Before You Break Them: Why SMSF Education Matters More Than Ever
Running, or deciding to set up a self-managed super fund (SMSF) gives you control, but it also brings legal responsibilities. The Superannuation Industry (Supervision) Act 1993 (SISA) contains detailed rules on trustee duties, investments, borrowing, payments and recordkeeping. Simply put, you cannot identify or avoid breaches you don’t know exist. For trustees, this should mean […]
Tax Deductions to Avoid
From Airfryers to Swimmers: Tax Deductions to Avoid. With the 2025 tax season fast approaching the Australian Taxation Office (ATO) is reminding taxpayers to be careful when claiming work related expenses. This is in reaction to a spate of claims that didn’t quite pass the ‘pub test’. To give you a few examples of what […]
Personal Tax Cuts & Super Guarantee Complexity
Personal Tax Cuts & Super Guarantee Complexity Inside this month, we explore super guarantee complexities. Plus, personal tax cuts. Personal Tax Cuts From 1 July 2026, personal income tax rates will change. On the last sitting day of Parliament, the personal income tax rate reduction announced in the 2025-26 Federal Budget was confirmed. The modest […]
FBT 2025: What you need to know
FBT 2025: What you need to know The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees. FBT exemption for electric cars Employers that provide employees with the use of eligible electric vehicles (EVs) can potentially qualify for an FBT exemption. This should normally be the […]
Tax and tinsel Q&As
Tax and tinsel Q&As 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 […]
