Tax time is here again, and the 2025–26 income year brings several important changes. Some rules have shifted, compliance scrutiny has increased, and a few widely discussed measures do not yet apply. Here is a clear, practical guide to help tax professionals prepare accurate and timely returns for their clients. Wait Before You Lodge —…
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With the end of the 2025–26 financial year approaching, now is the right time to review your tax position. Effective tax planning is not only about preparing your tax return after 30 June. It is about making informed decisions before year-end, while there is still time to act. Good planning can help you manage tax,…
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The Australian Taxation Office has released new guidance that may affect how holiday home owners claim tax deductions. The ruling, known as TR 2026/1, explains when individuals can claim rental property deductions. It is particularly relevant for holiday homes, short-term rentals and properties used for both private stays and guest bookings. The main message is clear.…
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The Federal Budget Context: A Global Oil Shock The 2026-27 Federal Budget lands against an extraordinary backdrop. The conflict in the Middle East has disrupted roughly one-fifth of the world’s seaborne oil and gas supply — the largest oil supply disruption on record. The economic consequences are real and immediate. Headline inflation reached 4.6 per…
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The Australian Taxation Office is targeting personal services income arrangements that divert earnings away from the individual who generated them. It has made its position unmistakably clear. PCG 2025/5 is now in force, and the ATO’s compliance focus is sharper than ever. Taxpayers who operate through personal services entities must act now — not wait for the…
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Many employees assume that travelling between two jobs automatically qualifies as a tax deduction. A recent 2026 decision from the Administrative Review Tribunal (ART) proves otherwise. The case of Hui v FCT [2026] ARTA 570 is a timely wake-up call for anyone claiming travel expenses at tax time. The Travel Claim That Mostly Failed Mr Hui worked…
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The ATO and AHPRA warn Australians about predatory dental schemes exploiting early super release. Learn the red flags and protect your retirement savings from dodgy offers. Australians hoping to fix their smiles might find themselves losing far more than a tooth if they fall victim to dodgy dental schemes now flooding the market. The Australian…
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The difference between a 25% and 30% company tax rate can mean thousands of dollars to your business each year. Yet many Australian companies get their tax rate wrong, either overpaying tax or facing unexpected bills when the ATO catches up with them. The Australian Taxation Office has recently reminded businesses that your company’s tax…
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Happy Lunar New Year 2025 As we welcome the Year of the Snake, we extends our heartfelt wishes to you and your loved ones for a year filled with transformation, wisdom, and meaningful connections. The Snake is a symbol of wisdom and transformation, reminding us to embrace change, grow from challenges, and stay focused on…
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As the year winds down, professional services sector in Australia—consultants, legal advisors, accountants, IT specialists, marketers, and other knowledge-based providers—are often reflecting on a year of hard work, milestones, and lessons learned. This is a time to celebrate successes, analyse challenges, and prepare for a new year filled with opportunities. The professional services industry thrives…
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