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Payday Super Begins on 01 Jul 2026
Payday Super Begins 01 July 2026 The change from quarterly (or periodical) Superannuation reporting and payments to the new ‘Payday Super’ begins on 01 July 2026, implemented by the Australian…
by Anna RosemarieApr 27 No comments -
Payday Superannuation Information
The government has introduced new laws around when superannuation is required to be paid. From 1st July 2026, superannuation needs to be paid at the same time as wages. From…
by Anna RosemarieNov 16 No comments -
Division 7A Tax Risks: ATO’s New Review Process
The Australian Taxation Office (ATO) are currently reviewing arrangements that may incorrectly avoid the application of Division 7A to lending arrangements. For example: A trading company guarantees a third party…
by Anna RosemarieJan 16 No comments -
Do you have a Loan from a Private Company (Including Your Own)?
If you have an outstanding loan from a private company at the time of the company’s lodgement date, you will need a complying Division 7A loan agreement to be in…
by Anna RosemarieJun 17 No comments -
Tax Rates 2023-24 and 2024-25 (Australian Residents)
Austrlaian resident tax rates in Australia for the 2023-24 and 2024-25 financial years are as follows: Taxable incomeTax on this income0 – $18,200Nil$18,201 – $45,00016c for each $1 over $18,200$45,001…
by Anna RosemarieJun 17 No comments -
Vanderstock & Anor v State of Victoria [2023] HCA 30
In a High Court landmark decision (4:3 majority), it was ruled that the Zero and Low Emission Vehicle Distance-based Charge Act 2021 (Vic) (“ZLEV Act”) as a duty of excise…
by Anna RosemarieOct 25 No comments -
Crypto Assets Investment Tax
The Australian Taxation Office (ATO) have issued a fact-sheet for those who hold or trade crypto assets. You can download it here: ATO-Tax-Smart-Tips-for-Crypto-Asset-InvestmentsDownload Essentially, it outlines what to do if…
by Anna RosemarieAug 1 No comments -
Online Service for Foreign Investors
Online Service for Foreign Investors will be ready to launch by the Australian Taxation Office on 26 June 2023. This new service will support the Register of Foreign Ownership of…
by Anna RosemarieJun 22 No comments -
Tax Time Tool Kit
Here is the link to the Australian Taxation Office’s Tax Time toolkit to make preparing your Individual Tax Return easier this tax time. It includes: Occupational and industry guide summaries;…
by Anna RosemarieJun 21 No comments -
Commercial Deals Program: Australian Taxation Office (ATO)
The Australian Taxation Office (ATO) offers a service called the Commercial Deals Program (CDP), where they engage with private vendors who are undertaking a significant deal such as: Sale of…
by Anna RosemarieApr 3 No comments
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