Book a Consultation
LOGIN
ATO reminder: Business expenses that can (and cannot) be claimed
By WSC Group | Created on November 3, 2025
Taxpayers can claim a tax deduction for most business expenses, provided they meet the ATO's three 'golden rules': The expense must be for business use, not for private use.
Cyber In Accounting: Safeguarding Financial Data in a Digital Age
By WSC Group | Created on November 3, 2025
Cybersecurity is fast becoming a critical business strategy - and if it's not, it should be. Many businesses hold critical data that poses significant risk to both businesses and their customers if the data they hold is not safeguarded from cybersecurity threats.
SMSF non-compliance with release authorities
By WSC Group | Created on November 3, 2025
Release authorities are documents issued by the ATO to super funds, authorising the release of money from a member's super account to pay specific liabilities, including in relation to excess concessional contributions, excess non-concessional contributions, and Division 293 tax assessments.
When Medical Bills Meet Tax Rules - Lessons from a Heartbreaking Case
By WSC Group | Created on November 3, 2025
Imagine this: after years of hardship and illness, you're forced to retire early on a Total and Permanent Disability (TPD) pension from your super fund. It's your only income stream. Then come the medical bills - tens of thousands of dollars in treatments to manage the very conditions that ended your career.
Proposed Extension of the Instant Asset Write-Off and Other Tax Measures
By WSC Group | Created on November 3, 2025
A new Bill before Parliament - the Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Bill 2025 - proposes several key changes that could affect small businesses, listed companies, and the not-for-profit sector. The headline measure is the proposed extension of the $20,000 instant asset write-off for another year, to 30 June 2026.
Employees incorrectly treated as independent contractors
By WSC Group | Created on October 2, 2025
The ATO is warning businesses that if they incorrectly treat an employee as an independent contractor, then they risk receiving penalties and charges.
Accessing superannuation funds for medical treatment or financial hardship
By WSC Group | Created on October 2, 2025
Superannuation is one of the largest assets for many Australians and offers significant tax advantages, however, strict rules apply to when it can be accessed.
ATO warning regarding private use of work vehicles and FBT
By WSC Group | Created on October 2, 2025
Employers that supply work vehicles to their employees need to check how the work vehicles are used and whether any exemptions apply to determine if they attract fringe benefits tax ('FBT').
Correctly dealing with rental property repairs
By WSC Group | Created on October 2, 2025
Taxpayers who have had work done on their rental property should ensure the expense is categorised correctly to avoid errors when completing their tax return.
Tips to help sole trader clients
By WSC Group | Created on October 2, 2025
The ATO is seeing sole traders make mistakes in several key areas that could result in penalties and additional tax liabilities.
Reminder of September Quarter Superannuation Guarantee ('SG')
By WSC Group | Created on October 2, 2025
Employers are reminded that employee super contributions for the quarter ending 30 September 2025 must be received by the relevant super funds by Tuesday, 28 October 2025.
Trust Resolutions – Why Timing and Evidence Matter
By WSC Group | Created on October 2, 2025
A recent decision of the Administrative Review Tribunal highlights the importance of documentation and evidence when it comes to tax planning and the consequences of not getting this right.
ART dismisses argument that medical expenses were deductible
By WSC Group | Created on October 2, 2025
In a recent decision, the Administrative Review Tribunal ('ART') held that a taxpayer could not claim a tax deduction for medical expenses incurred by him in relation to his total and permanent disability pension.
ATO Interest Charges Are No Longer Deductible – What You Can Do
By WSC Group | Created on October 2, 2025
Leaving debts outstanding with the ATO is now more expensive for many taxpayers. General interest charge (GIC) and shortfall interest charge (SIC) imposed by the ATO is no longer tax-deductible from 1 July 2025.
Government Review of Supermarket Unit Pricing: What It Could Mean for Your Business
By WSC Group | Created on October 2, 2025
The Federal Government recently wrapped up a consultation process on supermarket unit pricing. While the topic might sound like a purely consumer issue, it could have very real commercial impacts for businesses supplying into the grocery sector.
