Bonsella December/January Newsletter

December 25

Our latest eNewsletter includes information on the following topics:

  • Heading overseas? Centrelink and the ATO might need to know – Especially if you currently receive Centrelink or other government payments, a little prep will help you enjoy your overseas trip without payment surprises or tax headaches.
  • The ATO’s new draft rules could change your holiday home tax claims – Do you own a holiday home that you sometimes rent out? The ATO is targeting situations where properties are used mainly for personal holidays but owners still claim substantial tax deductions.
  • FBT and tax considerations for end-of-year parties and gifts in your business – The end-of-year season is a great time to celebrate with your employees and show appreciation for their hard work, but it’s essential to understand the tax implications of hosting work parties and giving gifts.
  • Payday superannuation is law: make sure you’re ready – From 1 July 2026, employers must pay their employees’ super contributions within seven business days of payday, replacing the quarterly system.
  • Super on government-funded paid parental leave: year-end planning – The government will start paying super from 1 July 2026 for people who take government-funded paid parental leave from 1 July 2025. Employers won’t fund or process these contributions, but they may still affect business planning.