August 30, 2025

HECS/HELP DEBT REDUCTION BILL INTRODUCED

On 23 July, the Labor government introduced legislation aimed at enacting its election promise to reduce student debt by 20%....

Superannuation caps for 2025/26 financial year

The ATO has now released the increased superannuation caps which will apply for the 2026 tax year. The more significant...

ATO INTEREST NO LONGER TAX DEDUCTABLE

From 1 July 2025, the General Interest Charge (GIC) and the Shortfall Interest Charge (SIC) will no longer be tax...

USEFUL WEBSITES

BMT Tax Depreciation Australian Taxation Office Revenue NSW Australian Securities and Investment Commission NSW Department of Fair Trading Institute of...

USEFUL FORMS AND PUBLICATIONS

Medicare Entitlement Statement/Application Guide to GST for small business/Director’s duties/Money Smart –managing your money/Land tax information...

DIVISION 293 FACT SHEET

Division 293 tax reduces the tax concession high income earners receive on their superannuation contributions. The Division 293 tax imposes...

PAYG INSTALMENTS

Pay as you go (PAYG) instalments is a system for paying instalments towards your expected end-of-year income tax liability on...

TAX DEDUCTIONS & ACCOUNTING TIPS FOR AIRBNB HOSTS

Airbnb is a hero of the sharing economy. By matching property owners with potential guests, it’s an alternative accommodation renaissance....

An introduction to the director ID regime

In June 2020, the Federal Government passed legislation intended to improve the integrity of Australian business registers and create a...

ATO INTEREST NO LONGER TAX DEDUCTABLE

From 1 July 2025, the General Interest Charge (GIC) and the Shortfall Interest Charge (SIC) will no longer be tax...