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Warning to taxpayers on dangers of relying on AI tax advice
Source: ATO As tax time approaches, the ATO has cautioned Australians to be wary of information from third-party sources, such as AI platforms and financial influencers. Taxpayers should be cautious of incorrect or misleading information being spread at tax time,...
Market Valuation of Assets
Source: ATO The ATO has recently updated its advice regarding when, by tax law, you must obtain a valuation of an asset. Most likely as a response to the Budget, there have been several subtle but important changes. Now that the previously announced Budget updates...
Shakeup to your pay and household budget
The new financial year is often a time for State and Federal governments to make regulatory and legislative changes and this year is no different. Changes from 1 July 2026 will affect every Australian State and Territory. In particular, reforms to wages, leave...
Relief for businesses impacted by fuel disruption
With global fuel supply chains still under strain from conflict in the Middle East, many Australian businesses are feeling the impact through higher operating costs, delayed deliveries and pressure on cash flow.To help stabilise affected sectors, the ATO have...
ASIC cautions re third party company review letters
ASIC has cautioned business owners to be alert to a growing trend of third-party businesses targeting companies with annual company review letters appearing to be an official government bill from the regulator. It has been exposed that business owners are being sent...
Super contribution caps to increase 1 July 2026
From 1 July 2026, superannuation contributions caps will increase. The annual concessional contribution (CC) cap will increase from $30,000 to $32,500 The annual non-concessional contribution (NCC) cap will increase from $120,000 to $130,000 Concessional...
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