Falling behind on your BAS lodgements looks like an administrative problem. Left long enough, it becomes an expensive one, because the GST you collected stays payable indefinitely while the GST credits you are owed disappear after four years. Here is what that looks like in dollars.
With negative gearing now quarantined for established dwellings, new house and land has become the sensible play for investors — but there is a trap in the first eighteen months. Interest on the land is denied, while interest on the construction is not. If the bank has written one loan, someone has to do the sums. Here is why it pays to split the loan before you sign.
When the draft legislation for the trust minimum tax was released, it came with a reassurance: if you do not want to restructure, you can simply make an election instead — no restructure, and no state stamp duty. That is accurate, but it is also a very small part of the decision. Here is why you should choose your structure for the eventual sale of your business, not for the announcement.
Treasury has released the draft legislation for the new 30% minimum tax on family trusts. From 1 July 2028, income earned by a family trust will carry a minimum tax of 30 per cent, paid by the trustee. Here is what it says in plain terms, what is not caught, and why the decisions worth making need to happen well before 2028.
The ATO will stop accepting direct credit card payments from 1 July 2027 — after the ATO extended the original deadline of 1 December 2026 to 30 June 2027 following community feedback — requiring businesses and individuals to switch to alternative payment methods such as debit card, BPAY, EFT or bank account direct debit. While the change affects only a small percentage of taxpayers, businesses that rely on credit cards to manage cash flow or fund ATO payment plans should act now to update arrangements, avoid missed payments and prepare for the cash flow impact of having tax obligations funded from available business funds.
Following the latest RBA cash rate increase, borrowing costs and financial pressure may rise for households, investors and business owners. We explain what the decision means and why now is a sensible time to review your lending, cash flow and broader financial strategy.
Hiring entertainers, promotional staff or event contractors for your Christmas function could create superannuation obligations you didn't expect.
Helping a family member buy a property may seem straightforward, but the way ownership is structured today could have significant tax consequences years down the track.
