Our Recent Blogs
$20,000 instant asset write-off extended
The Government recently passed legislation to extend the $20,000 instant asset write-off for small businesses by 12 months to 30 June 2026.
ATO App Now Helping You Stay Safe from Phone Scams
With scams becoming increasingly sophisticated, it can be difficult to tell whether a phone call claiming to be from the ATO is genuine. The ATO app now includes a new “Verify call” feature, allowing you to quickly check if a call from the ATO is legitimate before sharing any information.
Reminder of March 2026 Quarter Superannuation Guarantee ('SG')
Employers are reminded that employee super contributions for the quarter ending 31 March 2026 must be received by the relevant super funds by Tuesday, 28 April 2026.
Super Stapling Reforms Passed Ahead of Payday Super
The Federal Government has passed new legislation aimed at improving the superannuation system ahead of the introduction of Payday Super. The Supporting Choice in Superannuation and Other Measures Bill 2025 is designed to streamline how super funds are selected during employee onboarding, while also addressing the long-standing issue of duplicate super accounts.
Getting the main residence exemption right
The ATO has the following tips for taxpayers in relation to the CGT main residence exemption.
Paying super guarantee
The ATO is reminding employers that they must pay super guarantee ('SG') contributions for eligible employees.
Time limits on GST and fuel tax credit claims
Taxpayers should note that GST credits and fuel tax credits will expire if not claimed within the 4-year credit time limit (i.e., generally four years from the due date of the original BAS in which the taxpayer could have claimed them).
Mandating cash acceptance
The Government recently announced that it was delivering on its commitment "to mandate cash acceptance for essential purchases by finalising regulations that require fuel and grocery retailers to accept cash from 1 January 2026."
Fuel Tax Credit Rates Increased 2 February 2026
Changes to Fuel tax credit rates as of 2 February 2026. Remember to use the new rates when completing your next BAS!
Fuel tax credit rates do change regularly. They are indexed twice a year, in February and August, in line with the Consumer Price Index.
Reminder of December 2025 Quarter Superannuation Guarantee ('SG')
As noted in our recent article, employee super contributions for the quarter ending 31 December 2025 must be received by the relevant super funds by 28 January 2026.
ATO warns about barter credit tax scheme
The ATO is warning the community to steer clear of an emerging tax scheme involving barter credits — a type of alternative currency used in some business networks.
ATO's new approach to holiday home expenses
The ATO has announced that it will take a somewhat different approach in relation to expenses that are claimed in relation to holiday homes.
Australians call out tax dodgers in record numbers
The ATO has hit a major milestone of over 300,000 tip-offs from the community about tax avoidance and other dishonest behaviours since 1 July 2019. In the 2024/25 financial year alone, almost 50,000 red flags were raised by members of the community who spotted something suspicious.
Dental expenses are private expenses
The ATO has been seeing a number of deduction claims for dental expenses this tax time. Dental expenses, including preventative and necessary dental treatment, medical expenses and other costs relating to client's personal appearance (such as teeth whitening, makeup, skin care, shaving products and haircuts) are not deductible.
Alternative providers to the SBSCH
Employers should start preparing for the permanent closure of the Small Business Superannuation Clearing House ('SBSCH') on 1 July 2026.
Tips to help sole trader clients
The ATO is seeing sole traders make mistakes in the following areas:
Correctly dealing with rental property repairs
Taxpayers who have had work done on their rental property should ensure the expense is categorised correctly to avoid errors when completing their tax return.
Employees incorrectly treated as independent contractors
The ATO is warning businesses that if they incorrectly treat an employee as an independent contractor, then they risk receiving penalties and charges, including:
GST held to apply to sales of subdivided lots
The Administrative Review Tribunal ('ART') recently held that some sales of subdivided farmland were subject to GST as they were made by the taxpayer in the course of carrying on an enterprise.
New ATO Data-Matching Programs
The ATO acquires and uses data for pre-filling, detecting dishonest or fraudulent behaviour, and identifying areas where it can educate taxpayers to help them understand their tax obligations.