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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.

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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.

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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.

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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.

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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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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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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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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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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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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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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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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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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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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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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.

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