Our latest eNewsletter includes information on the following topics:

Revised stage 3 tax cuts now law – The new rates will apply from 1 July 2024, so it’s a good time to understand how these changes will affect you.

Refresher on deductibility of self-education expenses – Generally, work-related self-education expenses are tax-deductible if they enhance skills and knowledge, or lead to an income increase, related to your current income-producing work.

ATO scrutinising novated leases – The ATO will once again be running a data matching program on novated leases, covering the 2023–2024 to 2025–2026 income years.

Paying super on expanded government paid parental leave – The Treasurer has announced that the Federal Government will pay superannuation on paid parental leave from 1 July 2025.

Small Business Superannuation Clearing House and SMSF bank account validation – To safeguard retirement savings held in SMSFs from fraud and misconduct, the ATO is rolling out new security features and alerts.