Fuel prices are once again attracting attention across Australia, with many businesses noticing increases at the bowser. While fuel prices naturally fluctuate over time, a range of global and economic factors can contribute to upward pressure. For businesses that rely on vehicles, freight, or regular travel, fuel is often a necessary operating expense. Even relatively…
For many businesses, tax is something that only comes into focus once the financial year has already ended. By that point, most decisions affecting the outcome have already been made. Tax forecasting changes that approach by bringing visibility to your likely tax position before 30 June, while there is still time to act. April is…
After several years of consultation and amendment, Division 296 — commonly referred to as the “$3 million super tax” — is now law. The legislation passed Parliament in March 2026 and applies from 1 July 2026, introducing a new layer of tax for Australians with very large superannuation balances. This article explains: The facts —…
From 1 July 2026, Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws will expand in a way that many businesses and individuals will begin to notice. These changes, referred to as the AML Tranche 2 reforms, are not aimed at everyday transactions. However, if you engage professional services such as accounting, legal, property or business…
We have all been there. A new strategy or project is developed with good intent, yet the transition from concept to implementation becomes frustrating. The process can feel overly complex, disjointed, time-consuming and more costly than expected. Very few strategy implementations or projects involve only one person. It is therefore reasonable to conclude that successful…
If you own a holiday home that is also rented out, whether through Airbnb, Stayz or a local agent, the Australian Taxation Office has clarified how the tax rules apply to these arrangements. The updated guidance may affect your ability to claim deductions such as interest, council rates, insurance and maintenance expenses. The focus is…
International Women’s Day is an opportunity to recognise the leadership, resilience and contribution of women across the business community. Many small businesses are built through partnership, persistence and a willingness to step into roles that evolve over time. Simone from Gerbino’s Italian Bakery is a strong example of that journey. Gerbino’s is a well-known Brisbane…
The Australian Taxation Office (ATO) continues to prioritise compliance with fringe benefits tax (FBT), using data-matching and risk-based reviews to reduce the FBT gap and correct non-compliance. Employers should be aware that vehicle benefits and related documentation are key areas of scrutiny going into the 2026 FBT year. The ATO’s own guidance highlights the importance…
From 1 July 2026, Payday Super will require employers to pay superannuation at the same time as wages. This replaces the current system, where super can be paid monthly or quarterly. For employers who already make monthly super contributions, the change is unlikely to have a significant impact. However, for businesses that currently pay super…
With the end of the FBT year fast approaching on 31 March 2026, now is the time for employers to review benefits, confirm records, and plan any last‑minute actions. Careful planning can help ensure you achieve the best outcome. Review employee benefits FBT can apply to a wide range of benefits provided to employees or…
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