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Don't Let Sharing Economy Income Catch You Off Guard This Tax Time
By WSC Group | Created on August 13, 2026
Ride-sharing, short-term accommodation, freelance work and digital content can all generate income that needs to be declared. With the ATO expanding its data-matching under the Sharing Economy Reporting Regime, good records matter more than ever.
High Court Brings Greater Clarity on Trust Distributions
By WSC Group | Created on August 13, 2026
In Commissioner of Taxation v Bendel [2026] HCA 18, the High Court rejected the ATO's long-standing view that an unpaid distribution owed by a trust to a corporate beneficiary automatically constitutes a loan under Division 7A.
Navigating the 2026–27 Car Thresholds
By WSC Group | Created on August 13, 2026
From 1 July 2026 the car limit is $69,883, the maximum GST credit is $6,353, and the Luxury Car Tax thresholds have increased. Here's how the updated thresholds affect depreciation deductions, GST credits and the overall cost of a business vehicle.
Changes to Self Managed Super Fund (SMSF) borrowing rules
By WSC Group | Created on August 13, 2026
From 26 June 2026, where an SMSF borrows under a limited recourse borrowing arrangement to purchase property, that property must meet the business real property definition. A 45 day transitional period finishes on 10 August 2026.
ATO Cracks Down on Personal Services Income Arrangements: Is Your Business at Risk?
By WSC Group | Created on July 15, 2026
The ATO is sharpening its focus on how taxpayers generating income from personal services deal with that income for tax purposes, with the release of Practical Compliance Guideline PCG 2025/5.
Tax Ombudsman Sees 127% Surge in Complaints: What It Means for You
By WSC Group | Created on July 15, 2026
The Tax Ombudsman has reported a dramatic 127% increase in complaints about the ATO this financial year (to 30 April 2026), with nearly 3,000 complaints received in the first ten months.
Updates to Budget Measures and New Developments
By WSC Group | Created on July 15, 2026
Since the Federal Treasurer handed down the 2026-27 Federal Budget on 12 May 2026 there has been a significant amount of commentary on some of the more controversial proposals - here's what has changed since our last update.
Get Ready for 2026–27: Practical Steps SMSF Trustees Must Take Now
By WSC Group | Created on July 15, 2026
With the start of the 2026–27 financial year, SMSF trustees should take a proactive approach to ensure funds remain compliant and well positioned. Below is a concise checklist of the key legislative changes, compliance deadlines and practical steps trustees should prioritise.
Payday Super Has Arrived – What Employers Need to Know
By WSC Group | Created on July 15, 2026
One of the most significant changes to the Australian superannuation system in decades has now commenced. From 1 July 2026, Payday Super requires employers to ensure super contributions reach employee super funds within seven business days of each payday.
Government to Wind Back Electric Vehicle FBT Exemption in Three Stages
By WSC Group | Created on June 1, 2026
The Government has announced a staged wind-back of the current Fringe Benefits Tax (FBT) exemption for electric vehicles (EVs), following recommendations from the Statutory Review of the Electric Car Discount released in May 2026. While the policy continues to support EV uptake, it also aims to make concessions more sustainable and better targeted. The changes are expected to save the Budget an estimated $1.7 billion over five years from 2025-26.
