Newsletter

If you decide to close your business, don’t throw out all your records just yet. Record keeping rules still apply when you sell or close your business.

The Australian Taxation Office (ATO) have released a new draft ruling on self-education expenses. We revisit the deductibility of self-education expenses and what you can and can’t claim.

Legislation enabling an extra 15% tax on earnings on super balances above $3 million is before Parliament.

On 2 May 2023 the Australian Government announced that from 1 July 2026, employers will be required to pay their employees’ super at the same time as their salary and wages.

The start date will provide employers, super funds, payroll providers and other parts of the superannuation system with sufficient time to prepare for the change. This measure is not yet law.