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Victoria’s New Commercial and Industrial Property Tax: What It Means for Your Business
Victoria has recently undergone a major shift in its property taxation system, replacing the traditional stamp duty on commercial and industrial properties with an annual property tax. This reform, effective from 1 July 2024, is expected to lower the initial […]
Division 296 – The $3 Million Dollar Super Dilemma
Division 296 tax is set to take effect from 1 July 2025. Under this tax, an additional tax of 15% will apply to investment earnings of a member whose super balance is above $3 million at the end of the […]
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Now & Next Latest edition – SUMMER 2025
Welcome to the Summer edition of Now & Next Our quarterly Financial Planning newsletter In this edition: What are my options if I’m asset rich and cash poor? Rising living costs have made it tricky for many Australians to make […]
Business Activity Statement Process Update
Enhancements to your Activity Statement preparation and lodgement process. We want to let you know of improvements we are making to the method and process we follow for the preparation of your Activity Statements. These improvements will apply to all […]
Fringe Benefit Tax Exemption – Entertainment and Gifts
As the festive season fast approaches, many organisations will be providing benefits to employees and clients in the form of entertainment and gifts. The Australian Taxation Office utilises Fringe Benefit Tax (FBT) rules which can impact the deductions on gifts, […]
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Vacant Residential Land Tax
Vacant Residential Land Tax (VRLT) If your residential property was vacant for more than 6 months in the preceding calendar year, you may be subject to vacant residential land tax. VRLT for any year is assessed on the […]