Tax Time Updates

The Australian Federal Budget for 2026–2027 proposes far-reaching changes to the Australian tax system that will have significant impacts on a range of taxpayers. Whilst a number of the measures were widely telegraphed, the implementation likely increases the Australian tax burden on most investments, whilst also adding significant layers of increased complexity, and leaving key details unresolved. 

Division 296 Super Tax (proposed to start 1 July 2026) is an additional 15% tax on superannuation earnings corresponding to the portion of an individual's Total Superannuation Balance (TSB) exceeding $3 million. For balances over $10 million, an additional 10% tax (25% total Div 296 tax) applies, with thresholds indexed to inflation.

From 1 July 2026 employers will need to pay employees their super guarantee on payday, at the same time as their salary and wages. The employer must pay the employees’ super on payday – whether it’s weekly, fortnightly or monthly. If your business already pays super with salary and wages, you might not need to make any changes.

The end of the tax year will soon be upon us with 30 June just around the corner. Here are the key changes to be aware of for your 2025 Australian tax return

Capital gains tax (CGT) can significantly impact your profits when you're selling your property in Australia. However, the capital gains tax 6-year rule offers an opportunity to reduce or even eliminate CGT if you've used your home as your principal place of residence (PPOR) and later rented it out.

In this guide, we'll explain how this rule works and how you can use it to maximise tax savings when selling your property.

Tax season is approaching, and the Australian Taxation Office (ATO) has already signaled the areas it will scrutinize closely this year.  Each year, the ATO announces key focus areas or ‘hit lists’ where it will concentrate its compliance efforts. These are typically areas where taxpayers have made mistakes or attempted to claim deductions they were not entitled to in previous years. 

Understanding the ATO’s tax time priorities for 2024-25 can help you prepare an accurate return and avoid unwanted attention. This article explains what’s on the ATO’s hit list for this year and shares practical tips to help you prepare your 2025 tax return.

Salary sacrifice is gaining traction in Australia. This growing interest reflects a shift in compensation trends, as more employees seek flexible benefits that go beyond base salary to enhance their overall financial wellbeing. In this blog, we explore this incentive and how it could be beneficial to you.
 

Are you going to work overseas? If so, you will be exposed to various tax consequences. The starting point to determine the tax impact is whether you remain resident of Australia for tax purposes, or whether you become a tax non-resident under Australian laws.

The end of the tax year will soon be upon us with 30 June just around the corner. Now’s a good time to take a look at both your expected taxable income for the current financial year and your projected taxable income for next financial year, as they will help guide your tax planning strategy.

ATO investors toolkit is a resource for anyone earning money from their investments, whether you invest in property, shares or crypto assets.