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Budget Breakdown Edition 3: SMSF Property Borrowing Arrangements
The rules around borrowing to purchase residential property through a self-managed super fund (SMSF) changed on 10 August 2026. From this date, SMSFs can generally no longer enter into new Limited Recourse Borrowing Arrangements (LRBAs) to purchase residential...
Budget Breakdown Edition 2: Capital Gains Tax
Changes to capital gains tax (CGT) are set to take effect from 1 July 2027, changing the way some future capital gains are calculated and taxed. For property investors, shareholders and business owners, CGT can have a significant impact when an asset is eventually...
Budget Breakdown Edition 1: Negative Gearing
Changes to negative gearing are on the way, with new rules set to affect some residential property investors from 1 July 2027. While we know the broad direction of the changes, further detail and guidance is still expected. And, importantly, the impact will depend on...
Explaining the new Anti-Money Laundering (AML) requirements
With the introduction of enhanced Anti-Money Laundering (AML) requirements, times are changing, and businesses like Financially Sorted must adapt to an increasingly regulated environment that places greater emphasis on transparency, accountability and compliance. It...
Tips to avoid the ATO audit radar
Based on the latest Australian Tax Office (ATO) guidance, the biggest ATO review and audit focus areas for 2026 income tax returns are some of the most common claims. The ATO is paying particular attention to motor vehicle claims, work-related travel, working from...
Tax audit insurance for small business owners
Tax audits and reviews are becoming increasingly common as the Australian Taxation Office (ATO) uses sophisticated data matching and compliance programs to identify discrepancies in tax returns, BAS lodgements, payroll reporting and other financial information....
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