Our Insights
Truck driver entitled to claim meal expenses
A recent decision by the Administrative Review Tribunal backed a truck driver’s claim for meal expenses, even though he didn’t have all the usual proof.
Claim Instant Deductions with the $20,000 Asset Write-Off in 2024/25
Eligible small businesses can instantly deduct assets costing less than $20,000 in 2024/25. Find out who qualifies, what assets are included, and how to claim under the ATO’s instant asset write-off.
‘Wild’ attempts at tax deductions
The ATO reveals some of the most outrageous disallowed tax deduction claims, including air fryers, swimwear and fashion highlighting focus areas for tax time 2025.
Superannuation death benefits
What you need to know about receiving a superannuation death benefit after someone has died.
How to manage business day-to-day transactions
The ATO has provided following tips for small business owners to make tax life easier — see if you agree.
Avoid delays releasing super money with these ATO tips
The ATO is reminding self-managed super fund (SMSF) trustees and members to carefully follow the correct steps when a release authority is issued.
General transfer balance cap to be indexed on 1 July
Indexation of the general transfer balance cap (‘TBC’) will occur on 1 July 2025.
Hope remains for $3M super tax changes
The SMSF Association remains hopeful that proposed legislation introducing a 30% tax on superannuation balances above $3 million (Division 296) may still be amended.
ATO’s fervent focus on small business
The Tax Office has announced its major areas of interest regarding small businesses, highlighting a tougher stance on compliance and GST fraud.
Increase to rate for working from home running expenses
Prefer claiming actual Working From Home expenses? You still can – just keep detailed records to back up your claim.
Understanding early access to super
Early Super Access: Know the Rules, Avoid the Risks. We explain why accessing your super early can come with serious consequences.
2025 superannuation housekeeping
Reminder for SMSFs to stay on top of super housekeeping: TBARs for the March quarter are due 28 April, and the general transfer balance cap increase from 1 July.
