The Government has released further detail on the proposed Division 296 tax on super balances over $3M . While the legislation is yet to pass Parliament, the latest information provides a clearer picture of how the rules are expected to operate once implemented. The summary below reflects the details currently available and may still change as the proposal progresses. Timing The start date has been delayed to 1 July 2026 so asset values on 30 June 2026 will be important Your

In support of young Australians and in response to the rising cost of living, the Australian Government has passed legislation to reduce...

On 1 July 2025 the superannuation guarantee rate increased to 12% which is the final stage of a series of previously legislated...

With more people working from home, it’s important to know what expenses you can claim in your 2025 tax return. The Australian Tax Office...

The ATO has reminded businesses and individuals to be careful when changing (or “varying”) PAYG instalments. The key rule: don’t reduce...

The ATO is stepping up its efforts to make sure everyone lodges their tax documents on time and pays any outstanding debts. Lodgements:...

Revenue NSW is stepping up its efforts to make sure businesses pay the right amount of payroll tax. Using data and smart analytics, they...

When it comes to your super, many people assume that their Will automatically covers who receives these funds. However, superannuation is...

The share market never stands still, and neither should your knowledge. In this webinar hosted by Jeni Wilcock, Director at Sullivan...

At our recent Sullivan Dewing Economic Update, we were joined by Tapas Strickland, Head of Market Economics at NAB, who shared valuable...

Several important tax and financial updates came into effect on 1 July 2025 . These changes will impact employees, employers, retirees,...

The ATO are coming for blood! We’ve uncovered a nasty surprise that could be catching many unsuspecting taxpayers off guard—especially...

Division 296 super tax is a controversial Federal Government proposal to impose an extra 15% tax on some superannuation earnings for...

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...

Missing Your Minimum Pension Payment Could Cost You More Than You Think From 1 July 2025, new rules about starting and stopping pensions...

The ATO has made it clear – they’re taking a much closer look at how trusts distribute income and who ends up receiving it. So, if you’re...

As the urban sprawl continues in most major Australian cities, we are often asked to advise on the tax treatment of subdivision projects....

It’s that time of the year again! If you haven’t started tidying up your financial affairs before the end of the financial year, you’d...

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

The Treasury Laws Amendment (Tax Incentives and Integrity) Bill 2025 has recently passed through both houses of Parliament ,...