×

Taxpayer's claim for travel expenses denied

By WSC Group | Created on August 15, 2025

In a recent decision, the Administrative Review Tribunal ('ART') denied an offshore worker's claim for work-related travel expenses, although it did allow his claim for home office expenses.

Read More

Changes to car thresholds from 1 July

By WSC Group | Created on July 16, 2025

The car limit for the 2026 income year is $69,674. This is the highest value that a taxpayer can use to calculate depreciation on a car where they use the car for work or business purposes and they first use or lease the car in the 2026 income year.

Read More

Trust funds: are they still worth the effort?

By WSC Group | Created on July 16, 2025

For decades, trust structures have been a cornerstone of the Australian tax and financial system, prized for their asset protection and flexibility when it comes to income distributions.

Read More

Reminder of June 2025 Quarter Superannuation Guarantee ('SG')

By WSC Group | Created on July 16, 2025

Employers are reminded that employee super contributions for the quarter ending 30 June 2025 must be received by the relevant super funds by Monday, 28 July 2025.

Read More

Notice of data exchange for skilled visa program compliance

By WSC Group | Created on July 16, 2025

The Department of Home Affairs will obtain data from the ATO to identify whether business sponsors are complying with their sponsorship obligations (e.g., paying visa holders correctly) and whether temporary skilled visa holders are complying with their visa conditions (e.g., to work only for an approved employer).

Read More

Taxpayer's claim for home office and car expenses successful

By WSC Group | Created on July 16, 2025

The Administrative Review Tribunal ('ART') recently held that a taxpayer was entitled to claim deductions for home office and car expenses incurred during the COVID-19 pandemic.

Read More

The one big, beautiful bill that may not be so beautiful for Aussies

By WSC Group | Created on July 16, 2025

You may have seen the viral headline about a new U.S. tax bill called the One Big Beautiful Bill, but what does it mean for Australian investors, especially super funds and small businesses with US exposure? Turns out, it could mean a hit to investment returns.

Read More

Important tax update: deductions for ATO interest charges scrapped

By WSC Group | Created on July 16, 2025

If you're carrying an Australian Taxation Office (ATO) debt there is a good chance that it will cost you even more from 1 July 2025 onwards.

Read More

Taking charge of upcoming employer obligations

By WSC Group | Created on July 16, 2025

As the end of the financial year has just past, the ATO is reminding employers that they should check what they need to do and take note of the following upcoming key dates.

Read More

Div 296 super tax and practical things to consider

By WSC Group | Created on July 16, 2025

Division 296 super tax is a controversial Federal Government proposal to impose an extra 15% tax on some superannuation earnings for individuals if their total superannuation balance (TSB) is over $3 million as at 30 June of the relevant income year.

Read More

Finfluencers: bad tax advice could cost you thousands

By WSC Group | Created on July 16, 2025

They’re advising from your insta and TikTok feeds, they’ve got huge followings, they speak with conviction - financial influencers or ‘finfluencers’.

Read More

TBAR for June quarter due 28 July

By WSC Group | Created on July 16, 2025

All SMSFs must report relevant transfer balance account ('TBA') events using transfer balance account reporting ('TBAR').

Read More

Getting ready for business

By WSC Group | Created on June 9, 2025

The ATO advises new business owners that they need to understand their obligations to ensure they are 'getting it right from the start.'

Read More

ATO'S NEW REQUIREMENTS FOR NFPS

By WSC Group | Created on June 9, 2025

If you are involved with running a not for profit (NFP) organisation it is important to be aware of key obligations and requirements.

Read More

$20,000 instant asset write-off for 2024/25

By WSC Group | Created on June 9, 2025

Taxpayers who have purchased or are purchasing a business asset this financial year should remember that the instant asset write-off limit is $20,000 for the 2025 income year.

Read More