Treasurer Jim Chalmers has announced a set of revised superannuation tax changes that introduce two new tax thresholds—$3 million and $10 million —both indexed to inflation, and remove taxes on unrealised capital gains.​ Announced on October 13, 2025, the Australian government has significantly revised its controversial superannuation tax policy after two years of criticism from…
If you’re a GST-registered business, it’s that time of year again when you (or your accountant) need to prepare and submit a business activity statement to calculate your GST obligations or the GST refund you’re entitled to from the Australian Tax Office (ATO). Hiring a BAS agent or tax agent can provide extended due dates…
As a savvy business owner or entrepreneur, you’re always looking for ways to reduce your tax burden and increase your bottom line. One such opportunity lies in the realm of business tax write-offs. Understanding motor vehicle expenses is crucial, as these costs can be eligible for tax deductions and significantly impact your tax filings. Unfortunately,…
Get clarity on ‘Pty Ltd meaning’ and its implications for your Australian business, highlighting key benefits and guidelines for a sturdy enterprise foundation.
New sole trader or partnership businesses often operate at a loss for the first few years as they grow. To keep the business growing, sole traders and partners often have to cover the loss with other forms of income, usually salary income. Typically, in the initial stages of growing their new business, these individuals continue…
The different types of trusts in Australia are widely used as a preferred business structure when it comes to investments, managing the financial affairs for families as well as business purposes. One crucial aspect to consider when setting up a trust is the role of a corporate trustee. Appointing a corporate trustee can enhance asset…
For many Australian graduates, HECS-HELP debt is a big financial burden that needs to be managed. The Australian Government supports the HECS-HELP loan scheme, which helps students cover their course fees. With recent changes to indexation rates and repayment thresholds, understanding your student loan is more important than ever. This guide will give you the…
Get the latest information on ATO audits, including what happens during an audit, what can be audited, and why
Inaccurate payroll and bookkeeping are common issues that many businesses face. From initial employee hiring to day-to-day tasks such as expense management or paying vendors, businesses are always looking for ways to save time by automating their processes. Though some might think it’s expensive upfront, using the software could be one of your best investments…
As a business owner in Australia, you’ve got a lot on your plate. From managing staff to keeping the books in order, it’s easy to feel overwhelmed. One important thing about running a business is understanding the ATO’s weekly tax table and how it applies to you. The weekly tax table is influenced by income…
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