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FBT 2025–26: Key Issues, Risk Areas and What Employers Need to Know
By WSC Group | Created on March 5, 2026
The Fringe Benefits Tax (FBT) year ends on 31 March. Here’s what employers need to know about electric vehicle exemptions, contractor risks, record-keeping changes and the ATO’s key compliance focus areas for 2025–26.
ATO Update on Inherited Homes: What it Means for Your Family's Wealth
By WSC Group | Created on March 2, 2026
The ATO has issued a Draft Taxation Determination TD 2026/D1 which looks at how inherited family homes are treated for CGT purposes. Some industry commentators have dubbed it a 'death tax by stealth', but it is a bit more complex than this. The draft guidance focuses on a specific aspect of the rules around applying the main residence exemption to inherited properties, potentially exposing deceased estates and beneficiaries to significant tax if not planned correctly.
Keeping Your Self-Managed Super Fund Compliant
By WSC Group | Created on March 2, 2026
Self managed superannuation funds (SMSFs) can offer significant flexibility, allowing the members to make investments and enter arrangements that may not be available through retail or industry superannuation funds. However, being an SMSF trustee does come with important responsibilities to ensure that all dealings comply with superannuation law.
DPN Review: A Wake-Up Call for Business Owners on Personal Tax Risks
By WSC Group | Created on March 2, 2026
Running a successful business is hard work—and sometimes, despite best intentions, tax obligations slip. If the business is being operated through a company structure, then the ATO can potentially issue a Director Penalty Notice (DPN), holding company directors personally liable for unpaid taxes.
Navigating CGT on Your Home: New ATO Clarity for Home-Based Businesses
By WSC Group | Created on March 2, 2026
Running a business from home—whether as a sole trader, freelancer, or small operator—has many perks. But when it comes to selling your home and potentially saving on tax, recent guidance from the ATO serves as a reality check.
Holiday Homes Under the Microscope - What the ATOs New Guidance Means for You
By WSC Group | Created on February 11, 2026
Recent draft guidance from the ATO signals a tougher stance on deductions for holiday homes used as both personal retreats and income sources.
Electric Car Discounts Under Review What It Means for Your Business
By WSC Group | Created on February 11, 2026
Electric vehicles now make up over 8% of new car sales in Australia. A key driver has been the Federal Government's Electric Car Discount, now under statutory review.
Downsizer Contributions and the Main Residence Exemption
By WSC Group | Created on February 11, 2026
Downsizer contribution rules allow eligible individuals to contribute sale proceeds from a family home into superannuation. Here's what you need to know.
AI Tax Tips Helpful Shortcut or Costly Trap
By WSC Group | Created on February 11, 2026
AI tools like ChatGPT are increasingly used for quick tax answers, but relying on them can expose you to audits, penalties, and costly mistakes.
Unlocking Tax Savings - Can Your MBA (or Other Studies) Pay Off at Tax Time?
By WSCAdmin | Created on December 5, 2025
If you've invested in further study - an MBA, a leadership course, or a postgraduate qualification - you might be wondering: can this help at tax time?
