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With the festive season just around the corner (or already underway), many business owners will be gearing up for year-end celebrations with both employees and clients. Knowing the rules around FBT, GST credits and what is or isn’t tax deductible can help avoid unwelcome surprises on the tax front. Holiday celebrations generally take the form [...]

Starting 1 July 2025, new parents will receive superannuation payments on top of their paid parental leave (PPL). The change Eligible parents with babies born or adopted from 1 July 2025 will get an extra 12% of their government-funded PPL as a superannuation contribution to their nominated superannuation fund. The lump sum superannuation payment will [...]

Only the ones you want to claim as a tax deduction might be a common response. Work-related expenses But that isn’t quite right, as the tax rules in fact enable you to make legitimate claims for work-related expenses for up to $300 in a financial year without having receipts, provided: you have spent the money; [...]

The government has shared more details about its proposed new “payday super” plan, which will start on 1 July 2026. What is payday super? Starting in July 2026, employers must pay superannuation guarantee (SG) contributions to their employees at the same time they pay their salary and wages—weekly, fortnightly, or monthly. Currently, employers are legally [...]

To say that the interaction of the Capital Gains Tax (CGT) laws and trusts is complicated is probably one of the greatest understatements that anyone could make about the operation of the tax laws. The laws of physics may be much simpler—and, in this regard, it was Einstein who apparently quipped that “the hardest thing [...]

With Australia going through a major cost of living crisis and interest rates not coming down as quickly as hoped, more and more people are looking at ways of creating additional cash flow to help make ends meet. What is a side hustle? Earning extra income on top of your primary job is sometimes known [...]