Debbie Grace 22/7/25 Debbie Grace 22/7/25

New Div7A Benchmark Interest Rate – 2026 Financial Year

The ATO has announced the new rate applicable to any Div7A loans for FY26 to be 8.37%. This is down from the FY25 rate of 8.77%.

Top 5 Work-from-Home Tax Questions – Answered by the ATO

Debbie Grace 15/7/25 Debbie Grace 15/7/25

Fuel Tax Credit Rates Changed on 1 July 2025

Some Fuel tax credit rates have changed as of 1 July 2025. The rate for heavy vehicles travelling on public roads has decreased due to an increase in the road user charge.

Debbie Grace 3/7/25 Debbie Grace 3/7/25

Reminder of June 2025 Quarter Superannuation Guarantee ('SG')

Employers are reminded that employee super contributions for the quarter ending 30 June 2025 must be received by the relevant super funds by Monday, 28 July 2025.

Debbie Grace 1/7/25 Debbie Grace 1/7/25

$20,000 Instant Asset Write-Off for 2024/25

Taxpayers who have purchased or are purchasing a business asset this financial year should remember that the instant asset write-off limit is $20,000 for the 2025 income year.

Debbie Grace 13/6/25 Debbie Grace 13/6/25

Reminder: ATO Interest Charges No Longer Tax Deductible from 1 July 2025

We’d like to remind you of an important change coming into effect from 1 July 2025 that may impact your tax deductions.

Debbie Grace 10/6/25 Debbie Grace 10/6/25

Increase to Rate for Working from Home Running Expenses

PCG 2023/1 outlines the ATO's new method ('the fixed-rate method') for calculating additional running expenses while working from home, which has applied from 1 July 2022.

Debbie Grace 27/5/25 Debbie Grace 27/5/25

Keeping Not-for-Profit Records Up to Date

Taxpayers should remember that they are legally required to keep certain records for their not-for-profit ('NFP').

Debbie Grace 20/5/25 Debbie Grace 20/5/25

How to Avoid Common CGT Errors

The ATO wants taxpayers to know that having a foreign resident capital gains withholding ('FRCGW') clearance certificate does not mean they do not have any further CGT obligations…

Debbie Grace 29/4/25 Debbie Grace 29/4/25

General Transfer Balance Cap will be Indexed on 1 July 2025

Indexation of the general transfer balance cap ('TBC') will occur on 1 July 2025. This cap will increase by $100,000 from $1.9 million to $2 million.

Debbie Grace 23/4/25 Debbie Grace 23/4/25

FBT Record Keeping and Plug-In Hybrid Exemption Changes

With the 2025 fringe benefits tax ('FBT') year having just ended (on 31 March), the ATO is reminding employers of some changes that might impact their FBT obligations.

Debbie Grace 16/4/25 Debbie Grace 16/4/25

Reminder of March 2025 Quarter Superannuation Guarantee ('SG')

Employers are reminded that employee super contributions for the quarter ending 31 March 2025 must be received by the relevant super funds by Monday, 28 April 2025.

Debbie Grace 8/4/25 Debbie Grace 8/4/25

Labor Pledges to Extend Instant Asset Write-Off

The Albanese government has pledged a 12-month extension of the $20,000 instant asset write-off, offering small businesses with revenues up to $10 million another year to benefit from this measure.

Debbie Grace 1/4/25 Debbie Grace 1/4/25

Changes to GIC Deductions Pass Parliament

On 26 March 2025, Parliament passed amendments that will deny taxpayers the ability to claim deductions for General Interest Charge (GIC) and Shortfall Interest Charge (SIC) starting 1 July 2025.

Debbie Grace 27/3/25 Debbie Grace 27/3/25

Key Highlights from the 2025-26 Federal Budget

The 2025-26 Federal Budget brings several significant changes to tax rates, the Medicare Levy threshold, and introduces various measures in non-tax related areas.

Debbie Grace 25/3/25 Debbie Grace 25/3/25

How to Master Employer Obligations in 2025

Taxpayers who employ staff should remember the following important dates and obligations…

Debbie Grace 18/3/25 Debbie Grace 18/3/25

New Ban on Foreign Purchases of Established Dwellings in Australia

From 1 April 2025, a new temporary ban will prevent foreign individuals and companies from purchasing established homes in Australia. This move is aimed at improving housing affordability and ensuring more homes are available for domestic buyers.

Debbie Grace 11/3/25 Debbie Grace 11/3/25

ATO Implements Monthly GST Reporting for Non-Compliant Businesses

In a bid to improve tax compliance, the Australian Taxation Office (ATO) has announced that around 3,500 small businesses with a history of non-payment, late lodgement, or incorrect reporting will be required to shift from quarterly to monthly GST reporting starting 1 April 2025.