Bonsella February Newsletter

February 25

Our latest eNewsletter includes information on the following topics:

Recovering from a natural disaster: what you need to know about tax – As Australia experiences another summer of unpredictable weather patterns, it’s essential to be prepared for the unexpected.

Changes coming for buy now pay later services – If you’re one of the millions of Australians who use BNPL services, important changes are coming that will give you stronger consumer protections from 10 June 2025.

ATO launches its small business focus areas for 2025 – The ATO has outlined specific areas of concern to help you avoid common pitfalls and manage your tax obligations effectively.

ATO warns about GST refund fraud: check your arrangements – The ATO-led Serious Financial Crime Taskforce has issued a warning to businesses against trying to cheat the tax and super system by committing GST fraud.

How tax works in Australia’s superannuation system – Australia’s super system plays a vital role in ensuring financial security for individuals in retirement.

Super legacy pensions: regulations offer window to exit – Regulations that came into effect in December 2024 allow thousands of SMSF members to exit legacy income streams at any stage until 7 December 2029.