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Many professionals (and others) who retire—or are on the verge of retiring—turn their minds to buying farmland and carrying out small-scale farming activities. And some are already right into it. However, there are some important tax considerations that should be borne in mind in any of those cases—the key one being the “non-commercial loss” rules [...]

Christmas is a time for giving, but it’s also a great time to give your future self the gift of financial security. Here are 12 simple superannuation tips to help you make the most of your super fund—wrapped up with a touch of festive cheer! Consolidate your superannuation. If you’ve worked multiple jobs, you might [...]

So, you are undertaking a course or further education that relates to your work or business in some way – and you have to pay for the costs of the training or course. Well, the question of whether you can claim a deduction for this cost as “self-education” expenses is not always a clear cut [...]

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; [...]