The Treasury Laws Amendment (Tax Reform No. 1) Act 2026 received Royal Assent on 26 June and changes Limited Recourse Borrowing Arrangements (LRBA) provisions for self-managed super funds (SMSFs). The new rules apply to LRBA arrangements entered into on or after 10 August 2026. Under the new rules, an LRBA can only be used to acquire real property if the property is business real property. The following arrangements are unaffected: existing LRBAs entered into before 10 August

Check and finalise your Single Touch Payroll (STP) data by 14 July so your employees' information is ready for tax time. After your last pay run for the financial year, there's one important step left to complete - finalising your Single Touch Payroll (STP) data. When you finalise your STP data, you're confirming that the payroll information you've reported throughout the year is complete and correct. You'll need to make your finalisation declaration by 14 July (later for clo

On 9 October, the government introduced Payday Super legislation into parliament to take effect 1 July 2026. This measure is not yet law. Key changes for super funds include: Employers must pay superannuation guarantee (SG) at the same time as salary and wages. SG contributions will generally need to arrive in employees’ super funds within 7 business days of payday . The deadline for super funds to allocate or return contributions that cannot be allocated will be reduced to

The ATO uses data for pre-filling, detecting dishonest or fraudulent behaviour and identifying areas where we can educate taxpayers to help them understand their tax obligations. When data doesn’t match, the ATO may contact you to find out why. Rental data-matching letters Over the coming months, The ATO will be sending letters where their data indicates: tax returns including rental income may need to be lodged for specific years rental income should be included in previousl

The Foreign resident capital gains withholding (FRCGW) rules are changing from 1 January 2025. Currently, Australian residents selling...

The ATO is further strengthening the security of their online services to help protect tax agents and their clients against fraud and...

The ATO collects data from a number of sources about rental properties and some new data matching protocols are now in place: Landlord...

If you are considering making deductible contribution to your super, you need to make sure this is done prior to the year end cut-off...

A Medicare Entitlement Statement (MES) tells you the period during a financial year that you weren’t eligible for Medicare. If you...

Who needs a director ID You need a director ID if you’re an eligible officer of: a company, registered Australian body, or registered...