From 1 July 2027, negative gearing will be limited to new residential properties, and the 50% CGT discount will be replaced with cost base indexation and a 30% minimum capital gains tax. Negative Gearing Negative gearing occurs when investment income from rental...
Part IVA on property development arrangements with long-term contracts The ATO has released draft PCG 2026/D2. It explains how the ATO will approach compliance where Part IVA may apply to property development arrangements between related parties, especially those...
$1,000 Instant Tax Deduction – Exposure Draft The Australian government has released a draft bill that would create a new $1,000 standard deduction for work-related costs starting in the 2026–27 income year. This measure is meant to make it easier for Australian tax...
Superannuation advertising ban The Treasury Laws Amendment (Supporting Choice in Superannuation and Other Measures) Act 2025 received Royal Assent as Act No. 12 of 2026. The Act introduces several changes across tax and superannuation laws. It simplifies how employees...
Fuel Tax Credit Rate Changes from 1 April 2026 The ATO has updated the fuel tax credit rates that will apply from 1 April 2026, following a temporary 60.9% reduction in fuel excise. From 1 April to 30 June 2026, the heavy vehicle road user charge will be set to 0....
Startup businesses often start recording financial transactions using simple spreadsheets and DIY bookkeeping. In the starting stage, monitoring and recording transactions feels manageable, and managing the basics yourself can save money. However, when your business...
Did you know that there are many business owners who make BAS mistakes? BAS mistakes not only cost them money but can also put their business at risk. A Business Activity Statement (BAS) is a report that business owners need to file with the Australian Taxation Office...
What is a Car Parking Fringe Benefit? As an employer, you offer a car parking fringe benefit on any day that all following occur: Your employees park their car in a place that you own, control or lease (your business premises) is near or at their primary place of...
What are Operating Expenses? Operating expenses are expenses you have to pay for or have paid for in the everyday running of your business. Here are some examples of operating expenses: renting premises, office stationery, and the purchase of trading stock. These...
Understanding your obligations under Australia’s Pay As You Go (PAYG) withholding system is essential for staying compliant and avoiding unnecessary penalties. In this blog, we’ll discuss when you are required to register for PAYG withholding, who it applies to, and...