The Federal Government has announced an important change that will boost the retirement savings of new parents. From 1 July 2026, the ATO will begin paying superannuation contributions on government-funded paid parental leave (PPL), covering PPL received from 1 July 2025 onward. This reform is designed to improve long-term superannuation outcomes—particularly for women, who often […]
Parliament has now passed the “payday super” legislation, introducing one of the most significant changes to superannuation in years.From 1 July 2026, employers will be required to pay their employees’ superannuation within seven business days of each payday, replacing the long-standing quarterly payment cycle. This shift is designed to improve employees’ retirement outcomes and strengthen […]
The end of the year is a great opportunity to recognise your team’s hard work and celebrate achievements. But while planning festive events or giving gifts can boost morale, it’s important to understand the potential fringe benefits tax (FBT) implications that may arise. Below is a practical overview to help you stay compliant while still […]
If you own a holiday home that you occasionally rent out, the Australian Taxation Office (ATO) has released new draft guidance that may change how you report rental income and claim deductions. The ATO is sharpening its focus on properties that are used predominantly for private holidays but still attract significant tax deduction claims. The […]
If you’re planning an overseas trip, it’s worth doing a quick check of how your travel may affect any Centrelink or government payments you receive. A little preparation now can help you avoid paused payments, surprises when you return, or unexpected tax issues later. Centrelink Payments: What Happens When You Travel Each government payment has […]
The government’s payday super reforms have taken a major step forward, with legislation now introduced to Parliament. These reforms—set to begin from 1 July 2026—will require employers to pay superannuation contributions at the same time as wages and salaries, rather than quarterly. The goal is clear: to ensure employees receive their super contributions more frequently, […]
If your business provides employees with vehicles such as dual cab utes, you’ve probably heard that they’re automatically exempt from Fringe Benefits Tax (FBT). Unfortunately, that’s one of the most common misconceptions among employers — and believing it could result in an unexpected tax bill. While some work vehicles can qualify for FBT exemption, there […]
As the end of the year approaches, many businesses face a busy holiday season — whether that means managing a surge in activity or preparing for a temporary shutdown. Early planning around payroll, tax, superannuation and employee leave can help you stay compliant, avoid cash flow surprises and keep your team happy. Review your payroll […]
At tax time, many families are surprised to learn that the Family Tax Benefit (FTB) doesn’t appear anywhere in their tax return or refund. Despite its name, FTB isn’t a tax-related payment — it’s a social security benefit designed to help with the costs of raising children. Here’s how it works and what you should […]
If you’ve ever looked closely at your tax notice of assessment, you’ve probably noticed two separate items — the Medicare levy and the Medicare levy surcharge (MLS). While they sound similar, they serve very different purposes. Here’s what you need to know. The Medicare Levy The Medicare levy is a compulsory contribution that helps fund […]
If you’re approaching retirement and looking to strengthen your superannuation savings, the downsizer contribution strategy may be an excellent opportunity to boost your retirement balance — even beyond traditional contribution limits. The downsizer contribution allows eligible Australians aged 55 and over to contribute proceeds from the sale of their home directly into their superannuation fund, […]
If you’re a small business owner looking to upgrade your tools, technology, or equipment, there’s good news on the horizon. The Federal Government has announced plans to extend the $20,000 instant asset write-off for another 12 months — through to 30 June 2026. What’s Changing:This measure was announced by the Treasurer on 4 April 2025 […]
If your business sells or purchases vouchers, it’s im-portant to understand how to correctly account for and report GST. The GST treatment of vouchers can vary depending on the type of voucher and how it is used, so getting it right is key to staying compliant with ATO requirements. What Is a Voucher?A voucher is […]
If you receive the Age Pension or other social secu-rity payments, you may have heard about upcoming changes to the deeming rates, which take effect from 20 September 2025. These changes could influence how your pension entitlements are calculated, depend-ing on how your income and assets are assessed. What Are Deeming Rates?Deeming rates are part […]
Managing your tax doesn’t have to be complicated. Whether you’re preparing your return yourself or assisting someone else, the Australian Taxation Office (ATO) provides a range of free tools and support services designed to make the process more approachable, accurate, and stress-free.Explore ATO Online Services Safely with the Simulator. If you’re new to lodging your […]