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New ATO Data-Matching Programs

By WSC Group | Created on November 3, 2025

The ATO acquires and uses data for pre-filling, detecting dishonest or fraudulent behaviour, and identifying areas where it can educate taxpayers to help them understand their tax obligations.

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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.

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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.

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Dual cab utes and FBT

By WSC Group | Created on November 3, 2025

The ATO wishes to dispel the 'common myth' that dual cab utes are automatically exempt from fringe benefits tax ('FBT'). If an employer provides dual cab utes to staff to complete their duties and the vehicle is available for personal use, then the benefit may be subject to FBT.

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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.

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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.

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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.

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Super Tax Shake-Up: Big Balances Beware

By WSC Group | Created on November 3, 2025

If your super balance is comfortably below $3 million, you can probably relax - the proposed changes to the super rules shouldn't adversely affect you (yet). But if your super is nudging that level, or if you're clearly over, the Treasurer's latest announcement could change how you think about super's generous tax breaks.

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GST held to apply to sales of subdivided lots

By WSC Group | Created on November 3, 2025

The Administrative Review Tribunal ('ART') recently held that some sales of subdivided farmland were subject to GST as they were made by the taxpayer in the course of carrying on an enterprise.

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ATO's focus on small business

By WSC Group | Created on November 3, 2025

The ATO is 'detecting and addressing' recurring errors in specific industries when businesses have a turnover between $1 million and $10 million.

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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.

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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.

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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').

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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.

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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.

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