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
Commonwealth Seniors Health Card: What’s changing from 20 March 2026 CSHC income cut-off thresholds To qualify, you must meet the CSHC income test – there is no assets test. Centrelink assesses your (and your partner’s) adjusted taxable income and this may also include deemed income from any account-based pensions (ABPs) you have. The current CSHC
Payday Super Checklist for Employers: How to Stay Compliant Before 1 July 2026 From 1 July 2026, employers must pay superannuation guarantee (SG) contributions on every payday, not quarterly. This reform, known as payday super, represents one of the biggest changes to Australia’s super system in decades. If you employ staff, you need to update
CGT: Buying a new home before selling the old If you find yourself in the position of having bought yourself a new home before you sold your existing home, there are important CGT issues to consider – and these centre on the fact that under the CGT rules, you cannot have two or more
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
Six changes impacting your super in 2026 Superannuation rules are always evolving, and 2026 is shaping up to be another year of important changes. Some of these updates may only affect a small group of people, while others could impact almost everyone with super. Whether retirement feels a lifetime away or it’s already on the
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homes No doubt noting the growing trend for people to rent out property for short-term accommodation, the ATO has withdrawn a 40-year old ruling and replaced it with a new draft Taxation Ruling accompanied by two draft Practical Compliance Guidelines that between them cover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
Can the cost of clothing be tax deductible? Sometimes it can be, but only in limited circumstances. The tax deductibility of expenditure on clothing is subject to strict ATO guidelines. These cover occupation-specific clothing, compulsory or registered non-compulsory uniforms and protective items. Conventional clothing What you can’t claim is the cost of conventional clothing, even
The 50% CGT discount: More than meets the eye There is much in the media about how the 50% capital gains tax (CGT) discount has contributed to the housing affordability problem in Australia (although no doubt the problem is a lot more complex than attributing it mainly to any taxation measure or measures). Nevertheless, the
Surviving (and maybe avoiding) an ATO audit This piece is aimed at self-employed clients, so if you’re a salary earner or a retiree you can safely move on to the next item. For others, it goes without saying that at tax time you should disclose all your assessable income and only claim legitimate business deductions.