SMSF property can be one of the most significant assets in a fund, making accurate valuations and supporting evidence important for a smooth annual audit. For many ...

Penalty units increased from $330 to $364 from 1 July 2026, increasing the cost of a range of ATO penalties for compliance failures. From 1 ...

Travel allowance rates for the 2026–27 income year have been updated by the ATO, with new reasonable amounts applying to travel and overtime meal expenses. ...

Discretionary trusts have long been a popular structure for Australian families and businesses, but proposed tax changes could significantly affect their future use. Discretionary trusts, ...

SMSF borrowing rules have changed, affecting how trustees can use limited recourse borrowing arrangements to purchase property. To ensure passage of the negative gearing and ...

Understanding car thresholds is important if you’re purchasing or leasing a vehicle for your business in the new financial year. If you’re thinking about purchasing ...

Sharing economy income has created new opportunities for Australians to earn additional income, but it can also create unexpected tax obligations. The sharing economy has ...

Bendel decision Division 7A changes provide greater clarity for private business groups using discretionary trusts and corporate beneficiaries, particularly in relation to unpaid trust distributions. ...

Business Growth Strategies can help businesses improve profitability, manage rising costs and build a stronger foundation for sustainable long-term success. Running a small or medium-sized ...

SMSF Trustees should review contribution strategies, pension arrangements, compliance obligations and upcoming legislative changes to ensure their fund remains compliant and well positioned for the ...

Tax Ombudsman Complaints have surged by 127%, highlighting growing concerns about ATO debt collection, penalties, interest charges and payment arrangements for businesses and individuals. The ...

Personal Services Income Arrangements are under increased scrutiny from the ATO, making it important for business owners to review how income is earned, retained and ...