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From 1 July 2025, the Superannuation Guarantee (SG) rate increases from 11.5% to 12%. If you have employees, now’s the time to: Update your payroll software Check employment contracts (is super included or on top?) Budget for the increased contributions Communicate the change to your staff This is the final legislated Superannuation Guarantee rise — and it’s crucial to stay compliant to avoid penalties. PAY DAY SUPER 2026: Payday super refers to a proposed ch...

If you are struggling to pay your tax debt in full you may be eligible to set up a payment plan with the ATO.  This will enable you to pay your debt by instalments over a period of time but be aware, payment plans incur interest and all future lodgements (of annual tax, BAS etc) need to be made on time and amounts owing need to be paid on time and in full to avoid defaulting on this arrangement. Setting up a Payment Plan with the ATO  When you set up your payme...

We would like to ensure that all clients have the right data this year to be able to make a claim using the Cents Per Kilometre method or Log Book Method. It is essential that you keep the correct documentation, please do not hesitate to contact our office if you need to check on any of the details or requirements.  Log Book Flyer

Cents Per Kilometre Method of claiming - limit of 5,000kms per vehicle
Claiming travel under the "Cents Per Kilometre Method” please ensu...

The ATO has made changes to the way that working from home deductions can be claimed by eligible taxpayers for the 2024 income year.   If you have genuinely worked from home at any time from 1 July 2023 to 30 June 2024, you may be eligible to use the ATO’s revised fixed-rate (67 cents per hour) method to claim for: ·       energy expenses (i.e., electricity and gas) for lighting, heating/cooling, and to run electronic items used ...

  If you want to claim a tax deduction for an end of year super payment, most super funds advise making the payments no later than 23rd June 2024, with some asking it be done by the 19th June 2024.  This is because the payment must be made and processed by the super fund by 30th June 2024 and this ensures that you allow time for bank transfers and for the super fund to put the funds into your account. For businesses using super clearing houses, this may mean processing and paying...