A message from our Managing Partner,
With the Easter break approaching, many of us are looking forward to a well-earned pause and time with family and friends. It is a good opportunity to step back and recharge the batteries before the next busy period of the year.
If you own a holiday home that is rented out, now is also a timely moment to review the tax deductibility requirements. As outlined in Chris’ article below, the Australian Taxation Office has clarified how deductions apply to properties that are used both privately and to generate rental income. How often the property is genuinely available for rent, particularly during peak periods, can influence whether expenses remain deductible. It is worth reviewing your position ahead of the transitional changes coming into effect.
March also marks International Women’s Day. Advivo enthusiastically recognises the valuable contribution women make across the business community, with increasing representation and influence in leadership and advisory roles. That progress and recognition is important and well deserved.
As we head deeper into the 2026 FBT year, the Australian Taxation Office (ATO) continues to emphasise the importance of correct fringe benefits tax reporting and record-keeping. Employers are facing increased compliance scrutiny in areas such as motor vehicle benefits, benefit classification and documentation. With the FBT year running from 1 April to 31 March, now is a great time to refresh your understanding and ensure your clients’ reporting is on solid footing.
As always, if any of our articles trigger concerns or spur you to action our team is here to support you with considered advice and practical guidance. We hope you enjoy a safe and restful Easter break.
Kind Regards,
Leon Stephan
Managing Partner
Key Events & Dates
21 March
Lodge and pay February 2026 monthly business activity statement.
31 March
Lodge tax return for companies and super funds with total income of more than $2 million in the latest year lodged (excluding large and medium taxpayers), unless the return was due earlier.
Payment for companies and super funds in this category is also due by this date.
Lodge tax return for the head company of a consolidated group (excluding large and medium), with a member who had a total income in excess of $2 million in their latest year lodged, unless the return was due earlier.
Payment for companies in this category is also due by this date.
Lodge tax return for individuals and trusts whose latest return resulted in a tax liability of $20,000 or more, excluding large and medium trusts.
Payment for individuals and trusts in this category is due as advised on their notice of assessment.
We would love to hear your feedback!
We would love to hear your feedback and would be grateful if you could write us a Google review. This will allow us to continually improve our service and let others recognise the value we provide.
