Nicole

Australian businesses have welcomed the passage of the Treasury Laws Amendment (Tax Reform No. 2) Bill 2026, which introduces two significant tax measures designed to support investment, improve cash flow and provide greater certainty for business planning. The legislation establishes a permanent $20,000 Instant Asset Write-Off for eligible small businesses and introduces a new Loss … Read more

Many Australian property investors are surprised when preparing their tax return and are asked to report not only how long their property was rented, but also how long it was available for rent. Understanding the difference is essential for correctly reporting rental income and claiming deductions in accordance with Australian Taxation Office (ATO) requirements. Why … Read more

Many consultants, contractors, professionals and small business owners operate through a company or trust for legitimate commercial reasons. However, if income is mainly generated from the personal efforts, skills or expertise of an individual, it may be classified as Personal Services Income (PSI). The Australian Taxation Office (ATO) has recently released Practical Compliance Guideline PCG … Read more

Finding and retaining skilled employees is one of the biggest challenges facing Australian businesses. If you have identified a talented overseas worker who adds value to your organisation, becoming a Standard Business Sponsor may provide a pathway to legally employ and retain that individual in Australia. While the sponsorship process involves immigration requirements administered by … Read more

Many Australian businesses provide gifts to clients as a gesture of appreciation, to strengthen business relationships, and to encourage future referrals. A common question is whether gifts such as bottles of wine are tax deductible and how they are treated for GST and Fringe Benefits Tax (FBT) purposes. Based on current Australian Taxation Office (ATO) … Read more

Many Australian businesses incur costs for staff lunches, client meetings, team celebrations, networking events and hospitality functions. While these expenses may be genuinely connected to running a business, the tax treatment is often misunderstood. A common misconception is that any meal discussed in a business setting is automatically tax deductible. However, Australian tax law contains … Read more

Building business relationships is an important part of growing any business. Whether you’re attending networking events, meeting referral partners or promoting your services, understanding which expenses are deductible can help you maximise legitimate tax claims while remaining compliant with Australian Taxation Office (ATO) requirements. However, not all business-related spending receives the same tax treatment. The … Read more

Starting a business as a sole trader is one of the simplest and most cost-effective ways to operate in Australia. While the setup process is relatively straightforward, it is important to understand your tax obligations, record-keeping requirements and business responsibilities from day one. Proper planning can help you avoid costly mistakes and ensure compliance with … Read more

What Is Division 7A? Division 7A is an anti-avoidance provision within the Income Tax Assessment Act 1936 designed to prevent private companies from distributing profits to shareholders and their associates without the appropriate tax consequences. If a director, shareholder or their associate takes money from a company through drawings, personal expense payments, cash withdrawals or … Read more