WHAT YOU NEED TO RETIRE: The Latest Numbers Have you ever wondered how much superannuation you will have and need in retirement? The answer is it depends on a range of factors, such as your lifestyle goals, whether you have paid off your mortgage, your financial situation, whether you live a relatively healthy lifestyle, your
Fuel response payment plan Following a government media release on the same day, the ATO on 1 April 2026 announced that eligible taxpayers who are experiencing difficulties in paying their tax debts due to recent high fuel prices can apply to the ATO for a temporary fuel response payment plan. An eligible taxpayer can apply
30 June 2026 Tax and Super Checklist With the end of the financial year coming up, now’s a great time to get on top of your tax and super. A little planning before 30 June can help you make the most of any opportunities to reduce tax, boost your super, and avoid last-minute surprises.
THE WORK TEST: Claiming a tax deduction for super contributions after 67 If you’ve turned 67 and want to top up your super and claim a tax deduction for doing so, there’s one extra hurdle to clear: the work test. It’s a simple requirement, but it catches people out, so it’s worth understanding when
Granny flats: Beware of the CGT consequences Granny flats are becoming more of a common feature of the urban environment. No doubt this is due to the ongoing and unremitting nature of the housing affordability crisis, and the relaxing of regulations about where and how they can be built. And they do seem to offer
How to Save on Fuel During the Current Crisis Global disruptions have caused major constraints on the world’s fuel supply, with prices rising sharply as conflict restricts oil moving through the Strait of Hormuz — a narrow passageway that carries around 20% of global seaborne oil. As supply tightens and prices fluctuate, many people are
TNR Newsletter March 2026 An important topic for all employers in covered this month’s newsletter – Payday Super which will commence on 1 July 2026. This will have an immediate impact on your business cashflow. The ATO is also closing their Super Clearing house, so if you are using this service, please contact us to
Permanent incapacity and super What it means if you’re totally and permanently disabled Most people think of superannuation as money they can’t touch until retirement, but there are important exceptions. One significant exception is the permanent incapacity condition of release, which can allow people who are totally and permanently disabled to access their super
Change to the tax treatment of holiday homes No doubt noting the growing trend for people to rent out property for short-term accommodation, the ATO has withdrawn a 40-year old ruling and replaced it with a new draft Taxation Ruling accompanied by two draft Practical Compliance Guidelines that between them cover everything relating to
Who can make a claim against a deceased estate? In Australia, the law recognises that a will maker may sometimes fail to make adequate provision for close family or dependants. In that situation, certain people can ask the Supreme Court for a share, or a larger share, of the deceased’s estate. This is usually called
Christmas and tax With the festive season fast approaching, business owners will be turning their mind to year-end celebrations with both employees and clients. Knowing the rules around Fringe Benefits Tax (FBT), GST credits and what is or isn’t tax deductible can help keep tax costs to a minimum. Holiday celebrations generally take the form
Tax on redundancy payments explained If you’re made redundant, you may receive a lump sum payout. While this can provide financial breathing room, it’s important to understand how that money is taxed. Not all parts of a redundancy payment are taxed the same and how it is taxed can make a big difference to what