For many businesses, Fringe Benefits Tax (FBT) has long been treated as a once a year obligation — something addressed after 31 March and then pushed aside until the next cycle. That approach is becoming increasingly risky. In 2026, the Australian Taxation Office (ATO) has clearly signaled that FBT compliance, particularly work vehicles that are used or available for…
Here’s What You Need to Do From 1 July 2026, the ATO Small Business Superannuation Clearing House (SBSCH) will permanently close. If you currently use the SBSCH to pay your employees’ super, it’s important to start preparing now. Don’t leave it until the last minute — the change is part of the new Payday Super…
Selling the family home can be an emotional milestone — but it can also be a powerful planning opportunity. If you’re aged 55 or over, the downsizer contribution rules may allow you to move some of the sale proceeds into superannuation, even if you’ve already maxed out your normal contribution caps. Sounds simple? It can…
As a business owner or investor, time is always in short supply. So it’s no surprise that many people are turning to AI tools like ChatGPT for quick answers on tax deductions, super contributions or structuring ideas. The answers arrive instantly.They sound confident.And they’re free. So… what could possibly go wrong? Quite a lot, actually….
Cybersecurity: The Business Strategy You Can’t Afford to Ignore In today’s digital world, almost every business — big or small — handles valuable data. From customer information to financial records, that data is a goldmine for cybercriminals. Yet many organisations still treat cybersecurity as an IT problem, not a business strategy. The truth is, cybersecurity…
Big news for Aussie employers! On 4 November 2025, the Federal Government’s Payday Super legislation officially passed both houses of Parliament — a big step toward making sure every worker’s super is paid on time. So, what does this mean for you and your business? Here’s a simple breakdown. What Is Payday Super? “Payday Super”…
How a Missed Signature Cost a Family Thousands (and What You Can Learn From It) Running a business in Brisbane is hard enough. The last thing you need is an unexpected ATO bill. Worse when its because of one missing document or signature. But that’s exactly what happened in Goldenville Family Trust v Commissioner of…
From 1 July 2025, leaving your tax debts unpaid are more expensive. The ATO’s General Interest Charge (GIC) and Shortfall Interest Charge (SIC) are no longer be tax-deductible. Right now, the GIC rate is 11.17% (very high)… with no chance of a tax break to soften the blow. If you have unpaid tax or use…
Want a bigger retirement fund? If you run a business in Brisbane or Capalaba, you’re already busy keeping clients happy, managing staff, and staying on top of the books. Superannuation often gets pushed aside — but the right contributions at the right time can save tax now and grow your retirement fund faster. Here’s what…
If you had a study or training loan on 1 June 2025, the government has cut your debt by 20% automatically. The ATO will update your account and let you know once it is done. But there are a few things you should do first. Details below. Some People Will Get Refunds Your student loan…