News
ATO relief and lending extensions - What it means for your business
In a direct response to the ongoing fuel supply disruptions and rising cost pressures, Treasurer Jim Chalmers has announced a suite of temporary relief measures designed to give Australian small businesses and farmers some much-needed breathing room.
Smarter valuations in business sale transactions
When selling a business or even a slice of one, how you value the assets involved can have a major impact on the tax bill. A recent Full Federal Court decision, Kilgour v Commissioner of Taxation [2025] FCAFC 183, offers timely guidance on how “market value” is really determined for capital gains tax (CGT) purposes.
A wake-up call for family businesses on fringe benefits tax
As Fringe Benefits Tax (FBT) lodgement season approaches, family businesses should carefully review the perks they provide to working directors and family members. A high-profile case involving luxury vehicles provided to three brothers who run a large business empire through a discretionary trust highlights the complexities and potential risks of informal arrangements
What the New Div 296 Tax Means for Individuals with Large Super Balances
The Better Targeted Superannuation Concessions measure (known as the Division 296 tax) is now law and takes effect from 1 July 2026. For those with large super balances, it’s important to understand what the new tax does, why it’s been introduced, and the practical steps you and your financial adviser should consider.
Keeping your self-managed super fund compliant
Self managed superannuation funds (SMSFs) can offer significant flexibility, allowing the members to make investments and enter arrangements that may not be available through retail or industry superannuation funds. However, being an SMSF trustee does come with important responsibilities to ensure that all dealings comply with superannuation law.
ATO Update on inherited homes: What it means for your family’s wealth
The ATO has issued a Draft Taxation Determination TD 2026/D1 which looks at how inherited family homes are treated for CGT purposes. Some industry commentators have dubbed it a 'death tax by stealth', but it is a bit more complex than this.
Navigating CGT on your home: New ATO clarity for home-based businesses
Running a business from home—whether as a sole trader, freelancer, or small operator has many perks. But when it comes to selling your home and potentially saving on tax, recent guidance from the ATO serves as a reality check.
DPN Review: A wake-up call for business owners on personal tax risks
Running a successful business is hard work—and sometimes, despite best intentions, tax obligations slip. If the business is being operated through a company structure, then the ATO can potentially issue a Director Penalty Notice (DPN), holding company directors personally liable for unpaid taxes.
Downsizer Contributions and the Main Residence Exemption
When clients sell a long-held family home, they may be able to channel part of the proceeds into superannuation by using the downsizer contribution rules. To qualify, the seller must meet a number of conditions:
AI Tax Tips: Helpful Shortcut or Costly Trap?
As a business owner or investor, time is always tight. So it’s no surprise many people now turn to AI tools like ChatGPT for quick answers
on tax deductions, super contributions or structuring ideas. The responses sound confident, arrive instantly and cost nothing. What could go
wrong?
Plenty.
Holiday Homes Under the Microscope
For many Australians, a holiday home does double duty. It’s a place to escape with family and friends, and during the rest of the year it’s listed on Airbnb or Stayz to help cover the costs. Until recently, many owners assumed they could claim most of the usual deductions for the property without much trouble, as long as appropriate apportionments were made.
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