Accounting
What changes for your business from 1 July 2026
Every new financial year brings change. This one brings more than most. Payday super arrives on 1 July, the biggest change to super since it started, and it lands alongside wage rises, the next round of tax cuts and a permanent instant asset write-off. Here are the changes that matter for your business, and what…
The Little-Spoken Power of ATO Private Rulings
When it comes to managing tax, most business owners focus on the big-ticket items, deductions, structures, and timing. But there’s a little-spoken tool that can quietly transform the way you manage risk and strategy: ATO private rulings. A private ruling is the ATO’s written view on how the tax law applies to your exact situation.…
2026-27 Federal Budget – What it means for you
Handed down 12 May 2026 The 2026-27 Federal Budget is the most reform-heavy Budget in a generation. The headline changes target capital gains tax, negative gearing and the way family trusts are taxed. Most of the major changes do not take effect until 1 July 2027, and the new trust tax not until 1 July…
Dual cab Utes and FBT: what small businesses need to know
For many small business owners, including tradies, contractors and growing teams alike, dual cab utes are essential tools of the trade. But there’s still confusion about how these vehicles interact with fringe benefits tax (FBT), especially where personal use is involved. The ATO has continued to emphasise that dual cab utes aren’t automatically exempt from…
Director Loans in the ATO Spotlight: What Small Business Owners Need to Know in 2025
Each year, the Australian Taxation Office (ATO) releases a compliance “hit list” highlighting the key areas it will scrutinise. For FY25, one of the standout focus points is director loans – or, in tax law terms, Division 7A (Div7A). This is an area where small businesses often get caught out, sometimes without even realising they’ve…
Employee vs Contractor: What Every Small Business Needs to Know
Getting worker classification wrong can cost your business big time. Fines, penalties, back-payments and even reputational damage are all on the line if the ATO, your State Revenue Office (SRO), or your local WorkCover authority decides you’ve misclassified a worker. With regulators now sharing more data and running detailed analytics, small businesses are under more…
Crucial Property Tax Deductions for EOFY 2025 – Are You Ready?
As the End of Financial Year approaches, it is time for property investors to get their finances in order. Whether you own property individually or through a business, now is the moment to claim all eligible deductions, especially tax depreciation, a powerful but often overlooked way to boost your cash flow. What is Tax Depreciation?…
Fringe Benefits Tax: What Employers Need to Know Before 31 March 2025
Fringe Benefits Tax Exemption for Electric Cars Employers that provide employees with the use of eligible electric vehicles (EVs) can potentially qualify for an Fringe Benefits Tax exemption. This should normally be the case where: Plug-in hybrid vehicles no longer FBT exempt From 1 April 2025, plug-in hybrid electric vehicles will no longer qualify…
Federal Budget 2025–26: What’s In It (and What’s Not)
The 2025-26 Federal Budget has landed – and while there are a few wins for households, small business owners will feel overlooked. There’s no meaningful new support, and the clock is ticking on key tax measures that still haven’t passed Parliament.Here’s a quick breakdown. What’s in it for Individuals & Families? Tiny tax cuts –…
Support Available in the Wake of Ex Tropical Cyclone Alfred
When a disaster strikes, as we’ve seen recently, it’s often difficult to navigate avenues for support across different agencies.We’ve put together this guide to summarise what support is available in the wake of ex-tropical cyclone Alfred, and the eligibility conditions to access that support. We cover both Queensland (QLD) and New South Wales (NSW).If we…