News

Deductions for ATO interest charges scrapped

2025-09-24T13:40:35+10:0024th September 2025|News|

If you’re carrying an Australian Taxation Office (ATO) debt there is a good chance that it will cost you even more from 1 July 2025 onwards. This is because from 1 July 2025 two types of interest charges imposed by the ATO are no longer deductible.

 

What are the interest charges?

There are two main types of

Interest deductions: risks and opportunities

2025-09-24T13:29:02+10:0024th September 2025|News|

This tax season, we’ve seen a surge in questions about whether interest on a loan can be claimed as a tax deduction. It’s a great question as the way interest expenses are treated can significantly affect your overall tax position. However, the rules aren’t always straightforward. Here’s what you need to know.

 

The

A win for those carrying student debt

2025-09-24T14:05:52+10:0024th September 2025|News|

In support of young Australians and in response to the rising cost of living, the Australian Government has passed legislation to reduce student loan debt by 20% and change the way that loan repayments are determined. This should help students significantly more than the advice from outside of Parliament – cut down on the

Property subdivision projects: the tax implications

2025-06-03T13:06:02+10:003rd June 2025|News|

As the urban sprawl continues in most major Australian cities, we are often asked to advise on the tax treatment of subdivision projects. Before jumping in and committing to anything, it is important to understand the tax liabilities that might arise from these projects.

Unfortunately, many people make incorrect assumptions about the way that subdivision projects

FBT 2025: What you need to know

2025-06-03T11:28:32+10:003rd June 2025|News|

The Fringe Benefits Tax (FBT) year ended on 31 March. We’ve outlined the hot spots for employers and employees.

FBT exemption for electric cars

Employers that provide employees with the use of eligible electric vehicles (EVs) can potentially qualify for an FBT exemption. This should normally be the case where:

  • The car is a zero or

Year-end tax planning opportunities & risks

2025-06-03T11:13:33+10:003rd June 2025|News|

With the end of the financial year fast approaching we outline some opportunities to maximise your deductions and give you the low down on areas at risk of increased ATO scrutiny

Opportunities

Bolstering superannuation

 

If growing your superannuation is a strategy

Trade wars and tariffs

2025-03-19T10:39:18+10:0019th March 2025|News|

Global Google searches for the word “tariffs” spiked dramatically between 30 January and 2 February 2025, a +900% increase to the previous 12 months. We look at what tariffs really mean.

Who pays for tariffs?

Tariffs increase the price of imported goods and reduce trade flows of that good or service.

Traditionally used to protect specific domestic

Is there a problem paying your super when you die?

2025-03-19T10:34:19+10:0019th March 2025|News|

The Government has announced its intention to introduce mandatory standards for large superannuation funds to, amongst other things, deliver timely and compassionate handling of death benefits. Do we have a problem with paying out super when a member dies?

 

 

The value of superannuation in Australia is now around $4.1 trillion. When you die, your super does

Why the ATO is targeting baby boomer wealth

2025-03-19T10:29:01+10:0019th March 2025|News|

“Succession planning, and the tax risks associated with it, is our number one focus in 2025. In recent years we’ve observed an increase in reorganisations that appear to be connected to succession planning.”

ATO Private Wealth Deputy Commissioner Louise Clarke

The Australian Taxation Office (ATO) thinks that wealthy baby boomer Australians, particularly those with successful

Tax consequences of inheriting property

2024-12-11T15:02:47+10:0011th December 2024|News|

Beyond the difficult task of dividing up your assets and determining who should get what, it’s essential to look at the tax consequences of how your assets will flow through to your beneficiaries.

When assets pass from a deceased individual to a beneficiary of the estate, the tax impact will generally depend on the nature of