ATO Focus Areas: Common Mistakes to Avoid This Tax Time Each year, the Australian Taxation Office (ATO) announces areas that will receive increased scrutiny during tax time. With enhanced data matching capabilities and access to information from employers, banks, government agencies and other third parties, the ATO is continuing to focus on ensuring taxpayers are [...]
EOFY Compliance Deadlines & Key Dates As the financial year comes to a close, it is important to keep track of key deadlines and compliance obligations. Missing important dates can result in penalties, interest charges or unnecessary administrative issues. Below are some of the key dates and actions businesses should be aware of over the [...]
EOFY Tax Planning & Year-End Opportunities Before 30 June With the end of the financial year fast approaching, now is the time to review your affairs and consider whether there are any tax planning opportunities available to you. While every situation is different, there are a number of strategies that individuals, investors and business owners [...]
SMSF Year End Reminder — What to Check Before 30 June The end of the financial year is fast approaching. For SMSF members and trustees, a few timely checks now can avoid headaches later and help preserve valuable tax and contribution opportunities. Below is a checklist of the things members and trustees should consider before [...]
Government To Wind Back Electric Vehicle FBT Exemption in Three Stages The Government has announced a staged wind-back of the current Fringe Benefits Tax (FBT) exemption for electric vehicles (EVs), following recommendations from the Statutory Review of the Electric Car Discount released in May 2026. While the policy continues to support EV uptake, it also [...]
Ending Card Surcharges: What You Need to Know Before 1 October 2026 The Reserve Bank of Australia (RBA) has confirmed that all surcharges on credit and debit card payments — across Eftpos, Mastercard and Visa — will be banned from 1 October 2026. This represents one of the most significant updates to Australia’s payments landscape [...]
Key 2026–27 Federal Budget Tax Reforms: What They Mean for You The 2026–27 Federal Budget, released on 12 May 2026, has received more attention than most budgets in recent years. With proposed changes to negative gearing, the CGT discount and the taxation of trusts, this is a budget that has the potential to materially impact on [...]
New ATO ‘Verify Call’ Feature: Instant Protection Against Phone Scams As tax time approaches, so does the annual spike in scam calls pretending to be from the ATO. These calls are becoming increasingly convincing — and increasingly costly for those who get caught by them. The ATO has now launched a simple, powerful solution: the [...]
Superannuation contribution caps to increase from 1 July 2026 Following the recent release of the December 2025 quarter average weekly ordinary times earnings (AWOTE) the annual concessional contribution (CC) cap will increase from $30,000 to $32,500 from 1 July 2026. The annual non-concessional contribution (NCC) cap will also increase to $130,000. When considering contribution opportunities [...]
Budget 2026-27: At a Glance On Tuesday 12 May 2026 the Treasurer Jim Chalmers handed down the 2026-27 Federal Budget, framing some of the more significant announcements as part of a broader plan to help young Australians access the property market. While acknowledging that the key to housing affordability is supply, the Government clearly sees [...]