Our December newsletter covers the tax implications of Christmas celebrations, including navigating FBT and maximizing deductions. We also highlight key updates for 2025, such as superannuation increases, wage theft penalties, and new property and vehicle rules. Plan ahead to manage costs and ensure compliance for a smooth start to the New Year.

Our November newsletter focuses on navigating Christmas-related business challenges, highlighting cost-of-living pressures, discounting impacts, and cash flow management. Make sure you plan for increased volatility during the holiday period, including careful stock and cost control, ensuring proper employee compensation, and managing debtors early to avoid cash flow issues in the New Year. We also cover the implications of international employee arrangements under Fair Work regulations, including a notable case where an overseas contractor was deemed an employee. Finally, we provide an update on Australian student loan reforms.

In October 2024, we explore the "Payday Super" reform, starting from July 2026, which will require employers to pay superannuation guarantee (SG) contributions on the same day as wages instead of quarterly. We also cover the tax implications of inheriting assets, highlighting how capital gains tax (CGT) applies when beneficiaries inherit property, shares, or other assets.

In September 2024, we explore the increasing threat of tax fraud scams targeting myGov accounts, the ATO's focus on data matching for investment properties and high-value assets, and provide some comments on the current economic climate in Australia. We also highlight Uber's recent legal victory against payroll tax assessments and provide crucial information on various scams affecting individuals and businesses.

The end of the financial year is fast approaching. We outline the areas at risk of increased ATO scrutiny and the opportunities to maximise your deductions.

The end of the financial year is fast approaching. We outline the areas at risk of increased ATO scrutiny and the opportunities to maximise your deductions.