Our Recent Blogs
ATO to Include Tax 'Debts on Hold' in Taxpayer Account Balances
From August 2025, the ATO is progressively including 'debts on hold' in relevant taxpayer ATO account balances.
Paid Parental Leave Changes Have Now Commenced
As from 1 July 2025, the amount of Paid Parental Leave available to families increased to 24 weeks, and the amount of Paid Parental Leave that parents can take off at the same time has also increased from two weeks to four weeks.
Changes to Car Thresholds from 1 July 2025
The car limit for the 2026 income year is $69,674. This is the highest value that a taxpayer can use to calculate depreciation on a car where they use the car for work or business purposes and they first use or lease the car in the 2026 income year.
Fuel Tax Credit Rates Increased 4 August 2025
Fuel tax credit rates increased on 4 August 2025, so don’t forget to use the new rates when you calculate your claims on your next BAS.
Transfer Balance Cap Increased to $2 Million from 1 July 2025
From 1 July 2025, the general transfer balance cap (TBC) has increased from $1.9 million to $2 million.
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
With many Australians continuing to work from home, it's important to understand what you can and can’t claim at tax time.
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.
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.
$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.
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.
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.
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').
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…
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.
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.
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.
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.
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.
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.