Recap: Key dates for employers in 2026
When you employ workers, you’ll have a range of important dates and obligations that you need to meet throughout the year. To help you prepare and be ready, we’ve listed key dates and what you need to do.
$20k Instant Asset Write-Off Extended to 30 June for Small Business
The Government recently passed legislation to extend the $20,000 instant asset write-off for small businesses by 12 months to 30 June 2026.
Essentials Every New Business Owner Needs to Get Right from Day One
Starting a business? Discover the key steps every new business owner must take to stay compliant, manage cash flow and set up for long-term success.
Superannuation death benefits
What you need to know about receiving a superannuation death benefit after someone has died.
General transfer balance cap to be indexed on 1 July
Indexation of the general transfer balance cap (‘TBC’) will occur on 1 July 2025.
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.
CGT withholding measure now law
In January, the Government recently passed legislation making changes to the foreign resident capital gains withholding laws.
ATO reminder about family trust elections
Family Trust Elections: Key Considerations for Trustees Understand the Benefits, Risks, and Family Group Implications to Avoid Costly Taxes Taxpayers may be considering whether they should make a family trust election (‘FTE’) for a trust, or an interposed entity election (‘IEE’) for a trust or other entity. Making an FTE provides access to certain tax […]
Deductions for financial advice fees
Understanding Tax Deductions for Financial Advice Fees When individuals can claim deductions on financial advice fees linked to income generation and tax management. The ATO has provided guidance about when an individual not carrying on an investment business may be entitled to a deduction for fees paid for financial advice. An individual is entitled to […]
Christmas Parties and Gifts December 2024
Year-end (and other) staff parties With the well-earned December/January holiday season on the way, many employers will be planning to reward staff with a celebratory party or event. However, there are important issues to consider, including the possible FBT and income tax implications of providing ‘entertainment’ (including Christmas parties) to staff and clients. FBT and […]
