Blog

Introduction Here is a bit of a wake-up call to kick off with. In the 2024-25 financial year, the ATO issued more than 84,500 Director Penalty Notices. That’s a 136% jump on the year before. And it’s targeting roughly $5.5 billion in unpaid business tax debts. Now, let that sink in for a second. If...

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Introduction Heads up, contractors. Tax Time 2026 has changed how contractor income may appear in your tax return.For the first time ever, the ATO is pre-filling your contractor income directly into your tax return using TPAR data. Which sounds handy on paper. And in some ways, it is. But here’s what contractors need to understand....

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According to data released by the Australian Prudential Regulation Authority, Australia’s total superannuation assets have crossed $4.3 trillion. With new and emerging rules, Australia’s superannuation system is continuing to evolve. As the landscape of superannuation shifts, it is important to stay informed and prepared. Do remember, you need to adapt your superannuation strategies in Australia...

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The Biggest Tax Shake-Up in 25 Years: What Small Business Owners Need to Know Do you remember, on the night of 12 May 2026, Treasurer Jim Chalmers stood up and delivered what he called “the most important and ambitious Budget in decades.” The 2026–27 Federal Budget contains the most sweeping structural tax reforms Australia has...

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Introduction So you’ve made it through 30 June. The trust resolutions are signed (you think). The accountant has been chased. The paperwork is filed somewhere. But there’s a nagging feeling at the back of your mind. “Did we actually get that done properly?” If you’re sitting with that question right now, you’re not alone. Every...

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Why Tax Debt Now Costs More for Australian Businesses Introduction If you’ve ever leaned on an ATO payment plan to tide your business over, there’s something you need to know. The rules have changed, and not in your favour. From 1 July 2025, the interest the ATO charges on overdue tax debts is no longer...

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The Clock Is Ticking – And Most Employers Aren’t Ready Here’s a number that should get your attention: $6 billion. That’s how much superannuation goes unpaid or underpaid by Australian employers every single year, according to the Australian Taxation Office. And if you think payday super is just another payroll tweak you can deal with...

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Introduction If you’re running an accounting practice in Australia, this is a change you need to prepare for. There’s a change rolling in that a lot of people genuinely haven’t got their head around yet. Starting 1 July 2026, roughly 90,000 businesses that have never thought twice about AUSTRAC are suddenly going to be sitting...

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Introduction Spent years carefully building up your self-managed super fund? The last thing you need is a tax bill nobody warned you about. Consider this an early warning sign. On 13 March 2026, one of the biggest changes to super in more than ten years passed into law and received Royal Assent.They’re calling it Division...

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According to data released by the Australian Prudential Regulation Authority, Australia’s total superannuation assets have crossed $4.3 trillion. With new and emerging rules, Australia’s superannuation system is continuing to evolve. As the landscape of superannuation shifts, it is important to stay informed and prepared. Do remember, you need to adapt your superannuation strategies in Australia...

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Many Australians miss out on valuable tax savings each year. According to the ATO’s recent tax gap report, the total net tax gap for 2022–23 was estimated at $58.2 billion, representing 9.1% of the total theoretical tax revenue not collected. At the same time, the ATO’s data-matching programs now cross-check information from banks, employers, health...

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63% of AI solutions have been deployed by finance leaders with only a 21% measurable ROI. On the other hand, 68% of small businesses have already implemented AI in their regular operations — and the gap is widening fast between the ones who are adapting and the ones who are not. If you own a...

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