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Blog
ATO's new approach to holiday home expenses
By WSCAdmin | Created on December 5, 2025
The ATO has announced that it will take a somewhat different approach in relation to expenses that are claimed in relation to holiday homes.
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
Alternative providers to the SBSCH
By WSCAdmin | Created on December 5, 2025
Employers should start preparing for the permanent closure of the Small Business Superannuation Clearing House (SBSCH) on 1 July 2026.
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.
Blog
Super on Payday - Fundamental Changes for Employers
By WSCAdmin | Created on December 5, 2025
From 1 July 2026, there's a major change coming that will reshape how you handle superannuation contributions for staff - it's called Payday Super.
Blog
Dental expenses are private expenses
By WSCAdmin | Created on December 5, 2025
The ATO has been seeing a number of deduction claims for dental expenses this tax time. Dental expenses are not deductible.
Blog
Reminder of December 2025 Quarter Superannuation Guarantee (SG)
By WSCAdmin | Created on December 5, 2025
Employee super contributions for the quarter ending 31 December 2025 must be received by the relevant super funds by 28 January 2026.
Blog
Australians call out tax dodgers in record numbers
By WSCAdmin | Created on December 5, 2025
The ATO has hit a major milestone of over 300,000 tip-offs from the community about tax avoidance and other dishonest behaviours since 1 July 2019.
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.
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.
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.
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.
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.
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.
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.
