Superannuation Changes for 2025–26: What You Need to Know

As we approach the 2025–26 financial year, several significant changes to Australia’s superannuation system are set to take effect from 1 July 2025. These updates are crucial for both...

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2025–26 Australian Federal Budget

The Australian Federal Budget for 2025–26 introduces several measures aimed at alleviating cost-of-living pressures and enhancing essential services. Below is an overview of the key initiatives:  Income Tax Cuts ...

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Exploring the Australian Federal Budget 2024-25: Key Highlights

The Australian Federal Budget for 2024-25 is a comprehensive financial plan that addresses a wide range of national priorities. Here are some key highlights: Tax Cuts for Every Australian...

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Unravelling the Impact of Food and Drinks on Income Tax, GST, and FBT

Food and drinks play a significant role in our daily lives, but they also have implications for taxation in Australia. From income tax deductions to Goods and Services Tax...

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Navigating the Proposed Changes in Superannuation: What You Need to Know

Superannuation is a cornerstone of Australia’s retirement system, providing financial security for millions of Australians. However, recent proposals for changes to superannuation regulations have stirred discussions and concerns among...

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What to do if the Australian Taxation Office (ATO) notifies you of a tax debt

For many business ATO debt can be significant issue. Receiving a notice from the Australia Taxation Office (ATO) indicating a tax debt can be a daunting experience for everyone....

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What is the taxable payments annual report (TPAR)?

If you are running a small or medium business, it’s important to be aware of any reporting obligations to ATO (Australian Taxation Office). ATO has started to increase access...

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Negative gearing and property investments

Negative gearing is a commonly used term to describe a situation where expenses associated with an asset are greater than the income earned from the asset. Gearing is simply...

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Am I an Australian resident for tax purposes?

The Australian Taxation Office (ATO) uses a few different tests to assess whether you are an Australian resident for tax purposes. In Australia we have residency tests, all of...

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“What are crypto assets? – and how they are taxed”

For a very long time a decade ago, the crypto asset was only one: bitcoin. Now to understand crypto assets you need to differentiate them from cryptocurrencies and digital...

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