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The ATO Targets FBT on Work Vehicles: Don’t Let Assumptions Cost You
By WSC Group | Created on April 1, 2026
The ATO is increasing scrutiny on work vehicle usage, making accurate reporting and record-keeping more important than ever.
What the New Division 296 Tax Means for Individuals with Large Super Balances
By WSC Group | Created on April 1, 2026
The Division 296 tax introduces additional tax on super balances above $3 million from 1 July 2026. Here's what it means and how it works.
Key Lessons from the Kilgour Case: Smarter Valuations in Business Sale Transactions
By WSC Group | Created on April 1, 2026
A recent Full Federal Court decision provides important guidance on how market value is determined for CGT purposes.
A Wake-Up Call for Family Businesses on Fringe Benefits Tax
By WSC Group | Created on March 27, 2026
Family businesses need to carefully review the perks they provide to working directors and family members. A recent Full Federal Court decision highlights the complexities and potential risks of informal arrangements for FBT purposes.
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 The draft guidance focuses on a specific aspect of the rules around applying the main residence exemption to inherited properties, potentially exposing deceased estates and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.
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.
