Latest news

Payday Super Changes

Is your business ready for Payday Super? We can help you prepare before the new rules take effect.

Why it matters: Significant changes to employer superannuation obligations commence from 1 July 2026. Employers will need to pay super closer to each payday rather than quarterly, requiring stronger cash flow management and payroll processes. It also impacts independent contractors.

Impact:

• Better outcomes for employees' retirement savings.
• Increased compliance obligations for employers.
• Greater focus on payroll systems and cash flow planning.

Small Business Instant Asset Write-Off

Why it matters: Eligible small businesses with turnover under $10 million can access the $20,000 instant asset write-off, allowing an immediate deduction for qualifying assets. The government has legislated a permanent $20,000 threshold from 1 July 2026.

Impact:

• Improved cash flow.
• Tax savings on equipment, tools, technology, and vehicles.
• Opportunities for strategic business investment.

Property Investors and ATO Compliance

Property investment can create tax opportunities and risks. Professional advice can make a significant difference.

Why it matters: Property investors continue to face increased scrutiny regarding rental property deductions, interest claims, depreciation, and capital gains tax obligations.

Impact:

• Risk of overclaiming deductions.
• Potential CGT consequences when selling property.
• Need for accurate record keeping.

Business Structure Reviews

Is your business structure still the right fit for your goals

Why it matters: Many businesses continue operating under structures that may no longer be appropriate as they grow.

Impact:

• Possible tax inefficiencies.
• Asset protection concerns.
• Succession and growth planning challenges.

Tax Planning

Effective tax planning is proactive, not reactive. Start planning before year-end.

Why it matters: Many individuals and businesses wait until tax season to consider strategies that should have been implemented before 30 June.

Impact:

• Lost opportunities to reduce tax.
• Missed superannuation contribution benefits.
• Delayed business investment decisions.

Managing ATO Debt

The cost of carrying ATO debt is increasing. Early action can save money and stress.

Why it matters: Rising interest rates and economic pressures have led to increased ATO debt for many individuals and businesses. Importantly, ATO General Interest Charges and Shortfall Interest Charges incurred on or after 1 July 2025 are no longer deductible.

Impact:

• Higher effective cost of tax debt.
• Need for payment arrangements.
• Cash flow pressure.

ATO Crackdown on Work-Related Expense Claims

Don't risk costly mistakes. Ensure your deductions are maximised and compliant.

Why it matters: The ATO continues to focus on incorrect claims for working from home expenses, vehicle expenses, rental property deductions, and work-related expenses. Accurate records are more important than ever. [ato.gov.au]

Impact:

• Increased risk of audits and reviews.
• Need for better record keeping.
• Potential tax savings when claims are correctly documented.