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ATO Update: Travel expense deductions and late lodgement warnings
ATO Watch: Travel Claims, Car Expenses and Compliance The Australian Taxation Office (ATO) has recently issued several reminders about claiming work-related expenses correctly, alongside warnings about increased compliance activity targeting businesses that fail to...
ATO Extends Credit Card Payments Until 30 June 2027
The Australian Taxation Office (ATO) has extended the timeframe for accepting credit card payments for tax debts until 30 June 2027, following an earlier announcement that the payment option would cease from 30 November 2026. The Federal Government has confirmed it...
ATO Update: Three things to note
PAYG instalments: Take care when varying payments The ATO has reminded taxpayers to take care when varying PAYG instalments, particularly where the amount is being reduced. PAYG instalments require taxpayers to make regular payments on their business and investment...
Budget Breakdown Edition 6: Three final changes
Instant Asset Write-Off Q. What has been announced? From 1 July 2026, eligible small businesses with aggregated turnover of less than $10 million can permanently access the $20,000 instant asset write-off for eligible assets costing less than $20,000. Rather than...
Budget Breakdown Edition 5: Discretionary Trusts
From 1 July 2028, the Government is introducing a 30% minimum tax on discretionary trust income. Under the changes, the trustee will be responsible for paying the minimum tax. Beneficiaries will continue to declare their trust income in their tax returns, with...
Budget Breakdown Edition 4: Principal Place of Residence
Recent changes to negative gearing and capital gains tax have raised questions about how the family home will be treated under the new rules. While the principal place of residence exemption remains unchanged, there are some important considerations if you later...
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