i Notice This month we step through the newly enacted Division 296 superannuation tax—what it means for those with large super balances, how it will operate in practice, and the planning opportunities now available. We also bring a clear message for business owners...
The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees. FBT updates and problem areas The FBT exemption for electric cars Does FBT apply to your contractors? Overlooking or misreporting FBT on private use of work...
i Notice This month we focus on key developments and practical guidance for business owners, property holders, and SMSF trustees navigating complex tax obligations. We begin with a deep dive into Director Penalty Notices (DPNs), highlighting the Tax Ombudsman’s review...
i Notice 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 New draft guidance on holiday homes signals a much tougher approach to deductions for short-term rentals, particularly where lifestyle...
i Notice From payroll reform to professional development, this issue explores several important topics for businesses and investors. We unpack the new Payday Super laws that will soon change how employers handle super contributions and clarify when further study —...
i Notice This month brings a mix of tax reform, real-world lessons, and practical planning insights. We unpack the Government’s latest announcements on the proposed overhaul of the super tax rules that will reshape strategies for those with balances above $3 million....
i Notice The past few months have brought some important developments that could have real consequences for business owners, trustees, and investors. From a recent Tribunal case that highlights why timing and evidence are crucial when it comes to trust distributions...
i Notice There’s been a bit to report on since our August publication. Standouts include the RBA’s interest rate cuts, the release of the Productivity Commission’s interim report on the strategy for creating a more dynamic and resilient economy and in a win for over 3...
POST OUTLINE: Interest deductions: risks and opportunities Luxury cars: the impact of the modified tax rules Superannuation rates and thresholds updatesa. Super guarantee rate now 12%: what it means for employersb. Personal superannuation contributionsc. Updated...
Explore the key priorities, fiscal outlook, and strategic initiatives outlined in the Budget 2025–26 Detailed Report, now available for public review. This comprehensive document breaks down government revenue, spending allocations, and economic forecasts, offering...
If you’re planning to sell Australian property, it’s crucial to obtain a clearance certificate from the Australian Taxation Office (ATO) before settlement. Without one, the purchaser is required to withhold up to 15% of the sale price and remit it to the ATO under the...
We’ve worked with generations of business owners and professionals, and one common regret we see is not prioritising wealth creation sooner. Andy recently joined a podcast discussing exactly this—how to turn business income (or a high salary) into long-term wealth....
Unfortunately, this is what can happen…. John runs his trading company as a sole director. He has 5 staff and is very hands-on, however, his staff need to be managed to keep the business running. He is also the sole director of the trustee company for his family...
I believe there are now two great Australian dreams – the dream of home ownership, and the annual dream of a Tax Refund. As it is tax time, this is a topical subject. Now into my 22nd tax season, I mentally prepare myself for all the weird and wonderful tax deductions...
Now that the Financial Year end has come and gone, I am in full swing meeting with clients about their figures, and discussing how things have gone for the year. I thought I would set out the key figures I am always looking at on a client’s Profit & Loss and...
After my recent article about focusing on the right Profit and Loss figures, it is only right to follow up with the crucial items on the Balance Sheet. At meetings with clients we kick off by reviewing the trends on the Profit and Loss, and (hopefully) patting...
Following on from my recent article about the Great Australian Dream of a tax refund, and it being the bain of my existence, I thought I would follow it up with a piece about what actually is worthwhile to chase in terms of tax planning and minimisation. Wherever I...
Selling your business can be a stressful time and unless you’ve done it before, it’s hard to know what to expect or what’s required to get the right result. We’ve put together the top issues for business owners or investors to maximise their results. Firstly, there...
If you're looking for a business adviser who’ll walk alongside you, not just show up at tax time, we’d love to hear your story.
