The Federal Government’s CGT reforms have now become law, bringing major changes for individuals, trusts and investors. While the new rules do not commence until 1 July 2027, early planning may be critical to maximise available opportunities under the current regime.
The Division 296 superannuation tax has now become law, with several key changes from the original proposal. Commencing from 1 July 2026, the new rules apply to individuals with total superannuation balances over $3 million and include revised thresholds, tax rates and calculation methods.
Tax planning is not a last minute exercise. It is about being prepared before 30 June locks in your outcome. Businesses that plan ahead have more options, fewer surprises, and better control over cash flow and tax liabilities. With up to date accounts and a clear view of what is ahead, tax planning becomes a proactive way to improve your position rather than simply reporting the result.
Queensland’s recent flooding has placed enormous pressure on rural and regional communities, with significant damage across North, North West and Central Queensland. New funding of $26.6 million has been released to help primary producers and local businesses recover, offering grants for clean up, reinstatement and ongoing operational support through QRIDA.
With major ATO changes on the horizon and increasing compliance requirements, businesses are rethinking their accounting software. Xero is leading the way with smart features that simplify payroll, superannuation, and reporting. Could now be the right time for you to make the switch?
Better understand what this new proposed tax means for you.
Starting from 1 July 2025, significant changes will take effect regarding the deductibility of interest charges imposed by the Australian Taxation Office (ATO). Read more here.
The Australian Government has announced reforms to the HECS-HELP repayment system, effective from 1 July 2025. Read on for what this may mean for young professionals and family groups.
The ATO is cracking down on business owners who take money or use company resources for themselves. Read more to understand how this may affect you.
The ATO has increased its review of employers to ensure compliance with their superannuation payments, with a particular focus on late payments. Superannuation payments as late as even one day can end up costing employers thousands of dollars in interest and administrative fees. Read more here.
