Latest News
July 2026
In this month's update:
- Family Trusts
- New tax Legislation
- Foreign Residents cannot get a CGT exempt home
- High Court rules unpaid trust amounts are not loans
- Borrowing in your SMSF
Bonus reads this month:
- Is Super Still Worth It
With a new tax on large super balances many people are asking where the best place is to grow wealth for retirement. The answer for many people is that super remains a great place to grow wealth. In fact, super may now be more attractive than ever before.
Read it here:
https://shqkwxckfuvelkhrpzzb.supabase.co/storage/v1/object/public/email-assets/newsletter-docs/2026-07/is-super-still-worth-it.docx
- Getting Your SMSF Asset Valuations Right
Knowing what your self managed super fund (SMSF) assets are worth has always mattered. It matters even more if your balance is approaching or is over $3 million. A new super tax and updated rules mean that getting your valuations right can affect how much tax you pay.
Read it here:
June 2026
In this month's update:
-
Budget changes to negative gearing
-
Budget changes to CGT discount
-
The new 30% minimum tax on trust income will hit many small businesses hard
-
Ceased work and claiming Jobseeker: What it means for your super.
-
Super and Bankruptcy: If bankruptcy is on the horizon, one of the first questions people ask is what happens to their super.
Bonus reads this month:
- Estate planning, family provision claims, and leaving an adult child out of your will
- Home Care vs Residential Aged Care
FEDERAL BUDGET 2026-2027
We have put together a summary of key changes and how they may affect taxpayers – especially small to medium business. However, please be aware the proposed measures may be subject to changes before their implementation.
- CGT discount replaced
- Negative gearing limited to new builds
- 30% minimum tax on discretionary trusts
- $20,000 instant asset write-off made permanent
- Loss carry-back reinstated
- $1,000 instant tax deduction
- Working Australians Tax Offset
- Superannuation – no changes
May 2026
In this month's update:
- Federal Budget insights
- ATO fuel relief support
- CGT guidance
- SMSF strategies
- Super contributions after 67
- Retirement planning
- EOFY tax planning
- Superannuation checklist
Bonus reads this month:
- The Commonwealth Seniors Healthcare Card
- Why a corporate trustee can be the smarter choice for your SMSF
April 2026
In this month's update:
- Division 296 tax is now law: what it means for your super
- Granny flats – be aware of the CGT consequences
- Higher super contribution caps from 1 July 2026: what it means for you
- Capital gains tax (CGT) still applies even if you’re forced to sell an asset
- Car logbooks: Back to basics
Bonus reads this month:
March 2026
In this month's update:
- Payday super checklist for employers: Steps to stay compliant
- Commonwealth seniors health card (CSHC): What’s changing from 20 March 2026
Bonus Reads this month:
February 2026
In this month's update:
- Changes to the tax treatment of holiday homes.
- CGT: Buying a new home before selling the old one .
- Permanent incapacity and super – What it means if you’re totally and permanently disabled
- Six changes impacting your super in 2026
Bonus reads this month:
- Forgiveness of a debt: What are the tax consequences?
- Possible increases to social security deeming rates in 2026
December 2025
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In this month's update:
Bonus reads this month:
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November 2025 Newsletter
In this month's update:
- Christmas and Tax for Businesses – Parties & Gifts
- Reducing your tax bill while topping up your Superannuation
- Division 296 Tax revisited
- Home Equity Access Scheme: What you need to know
- Renting Your Holiday Home
- Using Your Home to Produce Income
October 2025 Newsletter
In this month's update:
- Protecting your super from scams
- Family trusts: Great benefits, but be aware of the disadvantages
- The CGT retirement exemption concession
- Helping your kids buy their first home using super
- Tax on redundancy payments explained
- Car claims for electric vehicles (EV)
Bonus reads this month:
September 2025 Newsletter
In this month's update:
- Economic roundtable wash up
- What to do if you exceed your super contribution caps
- CGT and off-the-plan purchases
- What happens if you don't have a valid will?
- Deductibility of self-education expenses
August 2025 Newsletter
In this month's update:
- Unlocking Savings: Your guide to Government concession cards
- Some CGT consequences of divorce and relationship breakdown
- The great wealth transfer: Are you ready?
- Self-managed super funds: A suitable path to retirement control?
- What to expect from tax reform.
- Tax deductibility of clothing
July 2025 Newsletter
In this month’s update:
- Working from home and occupancy costs
- Super guarantee increasing to 12%
- New super facts and figures from 1 July 2025
- Age Pension means test changes: What they mean for you
- Changes to deductibility of interest on ATO debts
- Selling shares? Beware of all the CGT rules!
June 2025 Newsletter
In this month’s update:
- Get on the front foot for your 2024-25 tax return
- Proposed Division 296 tax: Key issues and implications
- The CGT exemption for land adjacent to a home
- 30 June 2025 Tax & Super Checklist
May 2025 Newsletter
In this month’s update:
- Good CGT records can save you money
- Concessional Super Contributions vs Mortgage Paydown: What’s the smarter move?
- Writing a will in a tax-effective manner
- Binding Death Benefit Nominations Explained
- Small-scale subdivision and property development
April 2025 Newsletter
In this month’s update:
- We may need to talk about your family trust
- Selling property? Buyers must withhold and pay the ATO!
- Three great reasons to start a Transition to Retirement Pension
- Employee vs contractors: What sets them apart
- Concessional contributions: Can there be too much of a good thing?
March 2025 Newsletter
In this month’s update:
- Salary Sacrifice vs Personal Deductible Contributions: And the winner is…
- Beware of bitcoin gains!
- Is an asset you own used in another person’s business?
- FBT Checklist 2024-25
February 2025 Newsletter
In this month’s update:
- Seven changes impacting your super in 2025
- Yet more rental data matching by the ATO
- Coalition election announcements
- Super and hardship: A safety net in financial difficulty
- ATO confirms tax deductibility of financial advice fees
December 2024 Newsletter
In this month’s update:
- Christmas & Tax
- Deduction for self-education courses
- Unwrap your future: 12 super tips for a merry and bright retirement
- That small farm dream… and tax deductions
- How does your super compare with others your age?
November 2024 Newsletter
In this month’s update:
- How taxable is that side hustle?
- The black hole of CGT and trusts
- What we know so far about payday super
- What tax receipts do I need to keep?
- Super on parental leave pay is now law
October 2024 Newsletter
In this month’s update:
- Making contributions later in life
- What is the right business structure?
- Selling a property with mixed rental and residential use
- Comparing SMSFs with other super funds
- The dangers of failing to declare income or lodge returns
September 2024 Newsletter
In this month's update:
- Who is a spouse under the tax laws, and why does it matter?
- Riding the market waves
- Take care if you sell your home after leaving Australia!
- Separation and divorce. CGT consequences… and relief
- Setting up an SMSF. Who can join the fund?
- “Debt recycling”… flavour of the month
August 2024 Newsletter
In this month’s update:
- The importance of “Tax Residency”
- Changes to preservation age
- CGT & foreign residents: Complex rules apply!
- Selling a small business operated though a company
- Spouse contributions splitting
- Breaking up (by text) is hard to do
- Small business energy incentive
July 2024 Newsletter
In this month’s update:
- Division 293 tax - Will you be caught?
- The fine line between property development and “merely realising an asset”
- The CGT main residence exemption concessions are very useful
- The secret life of TFNs
- Can I add to my super pension?
June 2024 Newsletter
In this month’s update:
- Making your super last in retirement
- Personal services income explained
- What’s not considered “income” by the ATO?
- Don’t lose your super to scammers
- On-boarding new employees
May Budget Update
In this month’s update:
- Income tax measures
- Superannuation measures
- Social security, cost of living and other measures
May 2024 Newsletter
In this month’s update:
- Selling your home? Beware if a partial capital gains tax liability!
- Take care with contribution timing this financial year
- Rental properties: Traps and pitfalls
- Succession planning for family businesses
- How myGov can help you track your super
April 2024 Newsletter
In this month’s update:
- Six super strategies to consider before 30 June
- Important tax residency issues to consider
- Family companies and the many tax traps
- Selling your home to a developer? Beware the tax consequences!
- The tax treatment of compensation payments can be tricky
- Mortgage vs super: Where should I put my extra cash?
March 2024 Newsletter
In this month’s update:
- Stage 3 tax cuts: A tax saving opportunity?
- Don’t forget the CGT small business rollover
- Super contribution caps to increase on 1 July
- Briefing a barrister
February 2024 Newsletter
In this month’s update:
- Compensation from your bank or financial institution – is it taxable?
- Tax issues when dealing with volunteers
- Collectables – and inherited jewellery
- Using super to pay your mortgage
- Returning to work after retirement
December 2023 Newsletter
In this month’s update:
- Give yourself a super gift this Christmas
- Lost of destroyed tax records? Don’t panic!
- Taken goods for private use? Here’s the latest values
- Two “main residence” is possible
- Don’t ignore those tax debts: the ATO won’t!
- The taxation of super death benefits
November 2023 Newsletter
In this month’s update:
- Who can I nominate as my super beneficiary?
- Who is a resident for tax purposes?
- When two bonuses are not enough….. Introducing the energy Incentive!
- Qualifying as an interdependent or financial dependant
- How to nominate a superannuation beneficiary?
October 2023 Newsletter
In this month’s update:
- How to reduce your income tax bill using superannuation
- Changes to unfair contract terms laws
- Property developers and would-be ones – beware!
- Small business skills and training boost
- Don’t overlook the CGT small business roll-over concession
- Are you eligible to make a personal deductible contribution?
September 2023 Newsletter
In this month’s update:
- Thought of registering a trademark for your new business?
- Self-education: when is it deductible?
- Avoid schemes targeting SMSFs
- Discounting your capital gain
- Appointing an SMSF auditor
- Costs of a caravan/motor home for work-related travel
August 2023 Newsletter
In this month’s update:
- Trusts – are they still worth it?
- Tax Time: Unexpected first-time debts
- Gifting to employees
- SMSFs & higher interest rates
- R&D reminder
- Super withdrawal options
July 2023 Newsletter
In this month’s update:
- Super guarantee increases to 11%
- Superannuation and the right to delegate
- Time for a restructure
- Fair Work changes
- Small business lodgement amnesty
- Work-related car expenses updated
June 2023 Newsletter
In this month’s update:
- ATO Tax Time focus areas
- Super pensions and Commonwealth Seniors Health Card
- Generous depreciation in its final days
- Do you have a side-hustle?
- What are the types of super funds you can contribute to?
- Maximising Cashflow
May Budget Update
In this month’s update:
- 2023-24 Budget Wrap
- Business
- Individuals
- Superannuation
- Social Security and cost of living
May 2023 Newsletter
In this month’s update:
- Temporary Full Expensing: get in quick!
- How to claim an early tax deduction on SG Contributions
- Federal Budget – what to watch out for
- Financing motor vehicles
- Upcoming trust distribution strategies – latest developments
- New reporting arrangements for SMSFs from 1 July 2023
April 2023 Newsletter
In this month’s update:
- Trust distribution landscape now more settled
- Proposed tax on $3m super balances
- FBT exemption for electric vehicles
- Reducing the risk of crypto scams
- Fending off GST audits
- Lost Super
March 2023 Newsletter
In this month’s update:
- New work from home record keeping requirements
- FBT and car logbooks
- Legislating the purpose of superannuation
- Crystalising capital losses
- Super teething issues
- PAYG instalment variations
February 2023 Newsletter
In this month’s update:
- Missed the Director ID Deadline?
- ATO new-year resolutions
- Reduction in downsizer eligibility age
- The importance of cash flow forecasts
- Can you use your SMSF property upon retirement?
- ATO finalises Section 100A guidance for Family Trusts
November 2022 Newsletter
In this month’s update:
- Federal Budget 2022-23
- Business and Individual Taxation
- Superannuation and Retirement
- Director ID…last ditch awareness campaign
- Rental expenses in excess of income not deductible
- Do I have to pay myself super as a business owner?
- Protecting your au domain name
October 2022 Newsletter
In this month’s update:
- Director identification numbers…time is running out
- Bridging the super gender gap
- Optus data breach
- Claiming business losses
- SMSF member obligations
September 2022 Newsletter
In this month’s update:
- The tax consequences of land subdivision
- Hiring employees
- Super funds post lowest returns since GFC
- eInvoicing: Save time and money
- Estate Planning Explained
- Insurance: Inside or outside super?
August 2022 Newsletter
In this month’s update:
- ATO focus on rental property income and deductions
- COVID-19 relief for SMSF trustees now at an end
- Wash sale arrangements under scrutiny
- GST Health Check
- YourSuper comparison tool
- Switching home loans
July 2022 Newsletter
In this month's update:
- ATO Prioritising Debt Collection
- Last minute trust distributions and record keeping
- Super guarantee rises to 10.5%
- ATO tax time focus for small business
- Scam myths
- STP year-end finalisations due soon!
- Accessing your super early
June 2022 Newsletter
In this month’s update:
- 30 June Tax Planning
- ATO warning of fake ABN and TFN scams
- Six super strategies to consider before 30 June
- 2022 Election Washup
- Four priorities for the ATO this Tax Time
- Downsizer contributions to SUPER
May 2022 Newsletter
In this month’s update:
- Why super can help save for your retirement
- Further developments on trust distributions
- What you should know about six member SMSFs
- Financing motor vehicles
- Personal Property Securities Register
- HR Manuals
April 2022 Newsletter
In this month’s update:
- FBT year-end checklist
- Record keeping
- ATO’s new crackdown on Discretionary Trusts
- Ridesharing: The Driver
- Salary sacrificing to super
March Budget Update
In this month’s update:
Business
- What’s in it for you and your business?
- 20% Additional Deduction for Skills Training and Digital Adoption
- Apprentice Wage Subsidies Extended
- Reduction in GDP Uplift Factor for PAYG and GST Instalments for 2022/23
- PAYG instalments: Option to Base on Current Financial Performance
- Employee Share Schemes for Unlisted Companies – Thresholds Amended
Individuals
- LMITO Increased
- $250 Cost of Living Payment
- COVID Test Expenses Deductible
- 2022/23 Income Tax Rates Unchanged
- Pension Drawdowns – 50% Reduction Extended to 2022/23
- Super Guarantee Increase to Proceed
- Other July 1 Changes
March 2022 Newsletter
In this month’s update:
- On-boarding new employees
- Paying employees super through a super clearing house
- In-specie super contributions
- Employee allowances
- Cashflow forecasts
- RAT and PCR Tests
February 2022 Newsletter
In this month’s update:
- Single Touch Payroll 2: The time has come
- Consolidate your super
- What does Temporary Full Expensing (TFE) of assets mean for me?
- Topping up your concessional contributions
- Your Business Structure
December 2021 Newsletter
In this month's update:
- Have you obtained your director ID?
- Where there's a will, there's often a dispute
- Superannuation budget measures one step closer
- ATO's ABN cancellation program continues
November 2021 Newsletter
In this month’s update:
- New laws to improve the way super is divided in divorce
- CGT on sales of property inherited by a foreign resident
- CGT retirement exemption where gain is made by a company or trust
- ATO extends COVID-19 relief measures for SMSFs
- Becoming the executor of a deceased estate
October 2021 Newsletter
In this month’s update:
- Compensation payments: Avoiding contribution issues
- Home as a place of business during COVID: CGT implications
- Inheriting rental properties jointly. A dilemma?
- SuperStream deadline fast approaching
- Christmas and the Taxman
September 2021 Newsletter
In this month’s update:
- How to treat work-related travel and living away from home costs
- SMSFs and property development
- Claiming GST credits for employee reimbursements
- Buying a new home before selling the old one: The ins and outs
- Trust distributions to non-residents
- Stapling super: Reducing multiple accounts for employees
August 2021 Newsletter
In this month's update:
- What the new Your Future, Your Super means for you
- Capital works deductions for rental property
- Trust losses: Keeping them in the family
- Trust distributions from a discretionary trust
- Where do reward programs stand in regard to tax?
July 2021 Newsletter
In this month’s update:
- Avoid common mistakes in your business return, and include appropriate income
- Getting deductions for clothing and laundry expenses right
- Steps to take when winding up your SMSF
- When the taxman sends a bill, not a refund
June 2021 Newsletter
In this month’s update:
- The tax treatment of cryptocurrency
- New guidance on “personal services income” rules
- Briefing a barrister
- The ATO’s eligibility requirements of SMSF trustees or directors
May 2021 Newsletter
In this month’s update:
- EOFY tips for your tax plan
- Dealing with excess before-tax super contributions
- The SME Recovery Loan Scheme is now open
- Evidencing SMSF property valuations
- Independent audit review for small businesses
April 2021 Newsletter
In this month’s update:
- Some money is not counted as ‘income’ by the ATO
- New insolvency reforms to support small business
- When is comes to real estate and CGT, look at timing
- Managing you superannuation transfer balance account
- Refinancing loan interest may be deductible to a partnership
March 2021 Newsletter
In this month’s update:
- Update your ABN… or miss out!
- Vehicle benefit FBT treatment changes under COVID-19
- A hand up for small businesses on cash flow
- Unexpected lump sum payment in arrears? There’s a tax offset for that!
- Taken goods for private use? Here’s the latest values
- New Director Identification Number regime may be just around the corner
- The SMSF sector has been growing by $62,400 every minute
February 2021 Newsletter
In this month's update
- JobMaker hiring credit: What you need to know
- Single Touch Payroll. When your reporting can cease
- Getting a tax valuation from the ATO
- Natural disasters and help with your tax
December 2020 Newsletter
In this month’s update:
- A run-down of the new loss carry back measure
- Calling time out on your business? Some essentials you’ll need to know
- Small business CGT concessions: Goal posts moved on vacant land and active assets
- ATO takes aim at ‘you-scratch-my-back’ auditing arrangements
- Claiming interest expenses for rental properties
- What is a recipient crated tax invoice?
November 2020 Newsletter
In this month's update:
- What the "full expensing" write off deduction means for business
- Both tax and SMSF audits on still on ATO's radar, but some leniency given
- ATO's cyber safety checklist
- The investment option that can hide unexpected GST
- Rounding of GST where fractions of a cent result
- JobKeeper extension's alternative turnover tests
October 2020 Newsletter
In this month's update:
- COVID-19 payments and some issues for companies and trusts
- COVID-19 and trust liquidity issues
- Where you stand with vehicles and the boosted instant asset write off
- COVID-19 and SMSF rental relief
In this month's update:
- The JobKeeper scheme gets an update, plus an extension
- Has your super fund got you covered for insurance?
- Early release of super extended
- Rental property: Tax approach adjusts for COVID-19
- Claiming a deduction for transport expenses when carrying bulky equipment
In this month's update:
- Tax Return Tips
- Instant asset write off extended to 31 December
- The realities of insuring against cyber crime
- Remote AGMs and document signing allowed
- Varying PAYG instalments because of COVID-19
In this month's update:
- Last-minute tax planning tactics
- Ex-patriates: Part year resident or non-resident for tax purposes?
- COVID-19 and residential property claims
- Concerns on property development and SMSFs
- Laws on bankruptcy changed to help cope with COVID-19
June 2020 Financial Year Tax Return Checklist
In this month's update:
- 2019/20 Individual Tax Return Checklist
- 2019/20 Year-end Checklist for Business
In this month's update:
- Coronavirus: Government’s JobKeeper Payment
- Shortcut method to claim deductions if working from home
- SMSFs may be able to offer rental relief to related party tenants
- ATO reminder about salary packaged super
April 2020 Newsletter
In this month's update:
- Coronavirus: Government announces new tax measures.
- New laws can make directors personally liable for GST
- New super guarantee amnesty
- New vacant land tax measures
- ATO on property investments
In this month's update:
- Court confirms ATO’s position on foreign income tax offset
- Employer’s requirements and deductibility of WREs
- SMS scam targeting natural disaster victims
- Further STP developments
- Valuing car parking fringe benefits
In this month's update:
- Lifestyle assets continue to be an ATO audit target
- Disclosure of business tax debts - Declaration made
- MYEFO - 2019/20
- The ATO's Bushfire crisis response
In this month's update:
- PAYG and deductions for payments to workers
- ATO November 2019 bushfire assistance
- STP and superannuation guarantee
- SMSs for SMSFs!
- No CGT main residence exemption for non-resident
In this month's update:
- Super Guarantee opt-out for high income earners now law
- Government passes other superannuation legislation
- ATO Recommends updating ABN details for disastrous reasons
- Super Lookup 'status' will change if SMSF annual returns are late
- Reporting asset disposals for CGT
- Taxpayer liable for excess transfer balance tax despite commutations
In this month's update:
- $30,000 instant asset write-off
- ATO impersonation scam update
- Federal Court provides clarification on the PSI rules
- Using the cents per kilometre method
- Deductions for a company or trust home-based business
- Measuring the integrity of the AB
In this month's update:
- “Outrageous” deductions rejected
- ATO guidance regarding incorrect ENCC determinations
- ATO watching for foreign income this Tax Time
- The ATO hits the road
- Motor vehicle registries data matching program protocol
A good strategy to reduce tax payable is normally to accelerate any income tax deductions into the current income year, which will reduce overall taxable income in the current year.