The Federal Government’s proposed move to “payday super” represents one of the most significant changes to the superannuation system in decades. While the reform is aimed at improving retirement outcomes for employees, it will materially change how and when employers Read More
As of 1 July 2025, significant changes to Australian tax law will impact individuals and businesses with unpaid tax debts. The Australian Taxation Office (ATO) has announced that interest charges on overdue tax liabilities—specifically the General Interest Charge (GIC) and Read More
The ATO has recently made changes to the methods available for calculating deductions for working-from-home expenses. The 80 cents per hour method is now superseded, clearly someone thinks this was too generous! These changes apply from 1 July 2022 and Read More
It’s one month out from the financial year end. Mostly retailers and the media pumping-up buyers about purchasing prior to 30 June to get a tax deduction. I’ll always question the need to rush out and spend money now just Read More
There has been an explosion of Granny Flats in my suburb over the past 12 months and I think the majority of them are not for Nana. What are the consequences of renting out the Granny Flat on your taxable Read More
As the business owner you put in a bigger effort into your business than your employees, work longer hours, the key sales person, the ideas generator and take on all the risks and stress that go along with owning a Read More
I know a number of people who have formed a company structure for their small business because of the perceived tax benefit compared to an individual’s margin tax rate. At what earnings level are the two entities taxed at the Read More
As at today, there are currently five houses in my street either getting extensions or a full knock-down and rebuild. Come to think of it, there are probably only 5 houses on my street that haven’t had a pool, granny Read More
What are PAYG Instalments? How Long Should You Keep Your Tax Documents?