News

Practice Update Nov 2025 covers the following points: Dual cab utes and FBT ATO reminder: Business expenses that can (and cannot) be claimed ATO's focus on small business New ATO Data-Matching Programs SMSF non-compliance with release authorities GST held to apply to sales of subdivided lots Click here for Practice Update Nov 2025

Practice Update Sept 2025 covers the following points: ATO to include tax 'debts on hold' in taxpayer account balances Bill to reduce student debt now law Getting the main residence exemption right Small Business Superannuation Clearing House is closing ATO AFCX data-matching program PAYGW reminders for activity statement lodgments Click here for Practice Update Sep...

Practice Update Aug 2025 covers the following points: Paid parental leave changes have now commenced ASIC warning about pushy sales tactics urging quick super switches ATO warns of common Division 7A errors Taxpayers who need to lodge a TPAR Changes to tax return amendment period for business Taxpayer's claim for travel expenses denied Click here...

Practice Update July 2025 covers the following points: Changes to car thresholds from 1 July Reminder of June 2025 Quarter Superannuation Guarantee ('SG') Taking charge of upcoming employer obligations Notice of data exchange for skilled visa program compliance TBAR for June quarter due 28 July Beware of tax advice from 'finfluencers Taxpayer's claim for home...

Practice Update June 2025 covers the following points: 'Wild' tax deduction attempts Getting ready for business Taxi service and ride-sourcing providers must be registered Partial release from tax debt on serious hardship grounds $20,000 instant asset write-off for 2024/25 Beware websites sharing fake news on super preservation age Click here for Practice Update June 2025

Practice Update Mar 2025 covers following points: CGT withholding measures now law. ATO's tips to help taxpayers stay on top of their BAS Claiming fuel tax credits when rates change ATO "busts" NFP myths Taxpayer's claim for input tax credits unsuccessful ATO's appeal against decision that UPEs are not "loans" fails Click here for Practice...

Practice Update Jan/Feb 2025 covers following points: CGT withholding measures now law. ATO debunks Division 7A 'myths'. ATO's notice of rental bond data-matching program. Study/training loans — What's new. When to lodge SMSF annual returns. $13.6m in penalties imposed for false R&D claims Click here for Practice Update Jan/Feb 2025

Practice Update December 2024 covers following points: Can staff celebrations attract FBT? Reminder of December 2024 Quarter Superannuation Guarantee ('SG') ATO's tips for small businesses to 'get it right' SMSFs cannot be used for Christmas presents! Taxpayer's claims for various 'home business' expenses rejected ATO reminder about family trust elections Click here for Practice Update...

Practice Update November 2024 covers following points: Hiring employees for the festive season Lodging and paying business activity statements (‘BASs’) Deductions for financial advice fees ATO’s notice of government payments data-matching program FBT on plug-in hybrid electric vehicles Eligibility for compassionate release of superannuation AAT rejects taxpayer’s claims for work-related expenses Click here for Practice…

Practice Update October 2024 covers following points: Avoid a tax time shock Reminder of September Quarter Superannuation Guarantee (‘SG’) myGovId changing its name to myID ATO security safeguards for victims of fraud recently enhanced Valuing fund assets for SMSFs ATO’s notices of data-matching programs Click here for Practice Update October 2024