Tax
The top 10 things small business owners often forget when getting started
16 July
Starting a small business is exciting. You may have a great idea, industry experience and the motivation to build something of your own. However, enthusiasm alone does not create a sustainable business. Many new business owners focus heavily on...[Read More]
How first-time homebuyers can save $8,500 in taxes
16 July
First-time homebuyers are missing out on thousands of dollars by not using a little-known scheme that helps save them money for the deposit. The First Home Super Saver Scheme lets them take advantage of their superannuation account’s favourable...[Read More]
Tax push renders budget surplus forecasts ‘unrealistic’
16 July
More tax cuts for workers would keep the budget in deficit beyond the next decade, the agency that assesses the nation’s finances warns. The outlook for the federal budget has improved over the past year, despite economic headwinds from the Middle...[Read More]
The new financial year has begun: What are your numbers really telling you?
9 July
Once tax time has passed, many small business owners breathe a sigh of relief and move on. But the start of a new financial year is actually one of the best times to pause, review your numbers, and ask: what did last year really show us? Your...[Read More]
Family affair: investor tax changes spawn new tactics
9 July
A 1950s red brick walk-up in southwest Brisbane is a window into how the federal budget is reshaping the property market. Marketed as “the ultimate set-up for multi-generational living”, the three-unit apartment block in Oxley has bucked the...[Read More]
Tax time tips for small business success
9 July
Assistant Commissioner, Angela Allen, shares practical tips to help your small business stay on track this tax time. Tax time can come around quickly when you’re busy running a growing business, but a little preparation now can make a big...[Read More]
Payday Super starts 1 July 2026: What employers and employees need to know
2 July
Payday Super is now here, and it changes the way employers manage superannuation payments. From 1 July 2026, employers are required to pay employee superannuation guarantee contributions in line with their regular pay cycle, rather than relying...[Read More]
Understanding your legal obligations when selling or winding down a business
2 July
Selling a business or bringing it to an end can be a major financial and emotional decision. Whether you operate as a sole trader, partnership or company, closing the doors is only one part of the process. Contracts, employees, debts, registrations,...[Read More]
Tax cuts, pay rises and text message changes on the way
2 July
WHAT IS CHANGING ON JULY 1? * About 2.7 million workers on award wages will get a 4.75 per cent pay bump, while workers on the minimum wage will get a six per cent pay rise, following a Fair Work Commission decision * Workers will also receive super...[Read More]
Treasurer responds after budget attack by ex-RBA head
1 July
The treasurer has hit back at attacks to budget tax changes from a former Reserve Bank governor after the contentious laws passed parliament. Ex-RBA governor Philip Lowe said changes limiting negative gearing and the capital gains tax discount would...[Read More]
Pledge to fix ‘widow’s tax’ on investment properties
1 July
Treasurer Jim Chalmers has promised to fix laws imposing a so-called “widow’s tax” on investment properties, without providing details on how he will close the loophole. The issue, which relates to investors with jointly owned properties...[Read More]
June 30 is upon us: Starting the new financial year on the right foot
25 June
June 30 marks more than the end of another financial year. It is an opportunity to review the past 12 months and put better financial habits in place for the year ahead. Tax planning should not be limited to the weeks before a tax return is...[Read More]
Labor identifies businesses to be exempt from new tax
25 June
A budget backlash has prompted Labor to announce new carve-outs for innovative firms from the capital gains tax, as well as a backdown on a minimum tax on testamentary trusts. WHAT DID LABOR ANNOUNCE IN THE BUDGET? * The existing 50 per cent...[Read More]
What Labor agreed to in order for tax change support
25 June
WHAT THE GOVERNMENT WANTS PASSED * Laws stemming from the federal budget would limit negative gearing to new builds from July 2027, while scrapping a 50 per cent discount on the capital gains tax and replacing it with a minimum 30 per cent rate tied...[Read More]
Small business, payments system brace for payday super
24 June
Superannuation is set for its most significant change in decades but a week ahead of implementation, many businesses – and potentially the clearance system itself – aren’t ready. From July 1, employee superannuation contributions must land in...[Read More]