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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.
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 The draft guidance focuses on a specific aspect of the rules around applying the main residence exemption to inherited properties, potentially exposing deceased estates and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.
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.
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Recent draft guidance from the ATO signals a tougher stance on deductions for holiday homes used as both personal retreats and income sources.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.
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.
Blog
ATO warns about barter credit tax scheme
By WSCAdmin | Created on December 5, 2025
The ATO is warning the community to steer clear of an emerging tax scheme involving barter credits - a type of alternative currency used in some business networks.
Blog
Christmas Parties & Gifts 2025
By WSCAdmin | Created on December 5, 2025
With the well earned December/January holiday season on the way, many employers will be planning to reward staff with a celebratory party or event.
Blog
Cash is Making a Comeback - Is Your Business Ready to Take It?
By WSCAdmin | Created on December 5, 2025
The Government has released draft regulations that would require certain retailers to accept cash payments, ensuring Australians can still buy essential goods.
