9 Cashflow Tips to Help Your Business Stay on Track Over Summer The summer period affects every business differently. Some experience a slowdown as customers head away and suppliers close, while others operate at peak demand through the Christmas and New Year rush. Regardless of which group you fall into, managing cashflow proactively over December, [...]
Unlocking Tax Savings: Can Your MBA (or Other Studies) Pay Off at Tax Time? If you’ve invested in further study — an MBA, a leadership course, or a postgraduate qualification — you might be wondering: can this help at tax time? For many professionals, the answer is yes — but only if the right boxes [...]
Unwrapping the Rules: Christmas Gifts, Parties & FBT Explained Christmas is a wonderful time to thank your team and clients, but it’s also when questions about tax deductibility and Fringe Benefits Tax (FBT) start to pop up. The rules around entertainment, gifts and staff celebrations can be confusing, especially with the ATO’s focus on ensuring [...]
Proposed extension of the instant asset write-off and other tax measures A new Bill before Parliament – the Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Bill 2025 – proposes several key changes that could affect small businesses, listed companies, and the not-for-profit sector. The headline measure is the proposed extension of the $20,000 [...]
When medical bills meet tax rules – lessons from a heartbreaking case Imagine this: after years of hardship and illness, you’re forced to retire early on a Total and Permanent Disability (TPD) pension from your super fund. It’s your only income stream. Then come the medical bills – tens of thousands of dollars in treatments [...]
ATO interest charges are no longer deductible: What you can do Leaving debts outstanding with the ATO is now more expensive for many taxpayers. As we explained in the July edition of our newsletter, general interest charge (GIC) and shortfall interest charge (SIC) imposed by the ATO is no longer tax-deductible from 1 July 2025. [...]
Trust resolutions: Why timing and evidence matter A recent decision of the Administrative Review Tribunal (Goldenville Family Trust v Commissioner of Taxation [2025]) highlights the importance of documentation and evidence when it comes to tax planning and the consequences of not getting this right. The case involved a family trust which generated significant amounts of [...]
Luxury cars: The impact of the modified tax rules With the purchasing of luxury vehicles on the rise it’s important to be aware of some specific features of the tax system that can impact on the real cost of purchase. Often the tax rules provide taxpayers with a worse tax outcome if the car will [...]
Interest deductions: Risks and opportunities This tax season, we’ve seen a surge in questions about whether interest on a loan can be claimed as a tax deduction. It’s a great question as the way interest expenses are treated can significantly affect your overall tax position. However, the rules aren’t always straightforward. Here’s what you need [...]
Finfluencers: Bad tax advice could cost you thousands They’re advising from your insta and TikTok feeds, they’ve got huge followings, they speak with conviction - financial influencers or ‘finfluencers’. Please heed our caution, taking advice from unqualified sources can have serious consequences. We’re seeing examples of misleading claims, exaggerated deductions and outright misinformation. Relying on [...]