News and Insights

This is one of the most common questions business owners across Australia search for and quietly wonder about. It usually comes up when things start to feel a little heavier than they used to.

The short answer is yes, but probably not just for tax returns and compliance.

As the year wraps up, it is a great time to pause for a moment and make sure your business is set up for a strong start to the next financial phase. It does not need to be complicated. A simple checklist can help you clean things up, get clear on where you stand and make the next few months feel a whole lot easier.

This article explains when the cost of work-related clothing is tax deductible under strict ATO guidelines, covering occupation-specific clothing, compulsory and registered non-compulsory uniforms, protective items, associated laundry and repair costs, and how clothing allowances are treated for tax purposes.

Thinking about using your SMSF-owned holiday home for a Christmas break? This article explains why that’s off-limits under the sole purpose test, how related party and in-house asset rules apply, what happens if you breach them, and the compliant options available if you’d like to eventually use the property yourself.

The 50% CGT discount is often talked about in the context of housing affordability, but the rules around who can use it and when are more complex than they seem. This article explains how the discount works, when it applies to your home or investments, the impact of residency, small business concessions and different taxpayer types, and why it’s essential to get advice before relying on it.

There’s now $18.9 billion in lost and unclaimed super across nearly 7.3 million accounts in Australia, and some of it could be yours. This article explains what “lost” super actually is, how to quickly check for it using myGov and ATO online services, why SMSF members should pay particular attention, and the simple habits that help you stay on top of your super balances.

Australian law allows certain eligible people to challenge a will where they have not been left adequate provision. This article explains who can generally claim against a deceased estate, what courts consider in family provision claims, and why timing and local legal advice are critical.

This article explains how self-employed taxpayers can end up on the ATO’s audit radar, from cash jobs and benchmark comparisons to lifestyle red flags, and outlines practical record-keeping and compliance habits that can help you survive – or even avoid – an ATO audit.