As 30 June approaches, it’s time for business owners to get their end-of-year tax planning in order. Taking the right steps now can help you maximise deductions, manage compliance risks, and reduce your overall tax bill. From paying super to..
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On 1 July 2025 the superannuation guarantee rate increased to 12% which is the final stage of a series of previously legislated increases.
Employers currently need to make superannuation guarantee (SG) contributions for their employees by 28 days..
In support of young Australians and in response to the rising cost of living, the Australian Government has passed legislation to reduce student loan debt by 20% and change the way that loan repayments are determined. This should help students..
The Productivity Commission (PC) has been tasked by the Australian Government to conduct an inquiry into creating a more dynamic and resilient economy. The PC was asked to identify priority reforms and develop actionable recommendations.
The Chief Commissioner has recently assessed Uber as liable for payroll tax and interest in the sum of approximately $81 million for the financial years 2015 to 2020 pursuant to the Payroll Tax Act 2007 (NSW) (Payroll Tax Act).
This decision has..
With the purchasing of luxury vehicles on the rise it’s important to be aware of some specific features of the tax system that can impact on the real cost of purchase. Often the tax rules provide taxpayers with a worse tax outcome if the car will be..
From 1 July 2025, the superannuation guarantee (SG) rate officially rose to 12% of ordinary time earnings (OTE). This is the final step in the gradual increase legislated under previous reforms.
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Australia's renewable energy sector is experiencing rapid growth, bringing increased tax compliance obligations. A crucial yet often overlooked requirement during the construction phase is the Taxable Payments Annual Report (TPAR). If your renewable..
Division 296 super tax is a controversial Federal Government proposal to impose an extra 15% tax on some superannuation earnings for individuals if their total superannuation balance is over $3 million as at 30 June of the relevant income year.
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If you're a small business owner who has provided benefits to employees—such as meals, cars, or entertainment—you might be wondering whether you need to pay Fringe Benefits Tax (FBT), and if doing so is the most cost-effective approach. Here are a..
