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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.
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.
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.
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.
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.
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').
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.
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.
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 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.
RBA cuts rates to 3.60%: what this means for you
By WSC Group | Created on September 3, 2025
In a widely anticipated move on 12 August 2025, the Reserve Bank of Australia (RBA) delivered a 25 basis point rate cut, lowering the cash rate from 3.85% to 3.60%, the third reduction this year. This rate is now at its lowest level since March 2023 signaling renewed monetary easing amid persistent economic fragility.
A win for those carrying student debt
By WSC Group | Created on September 3, 2025
In support of young Australians and in response to the rising cost of living, the Australian Government has passed legislation to reduce student loan debt by 20% and change the way that loan repayments are determined. This should help students significantly more than the advice from outside of Parliament - cut down on the smashed avo.
Getting the main residence exemption right
By WSC Group | Created on September 3, 2025
The ATO has the following tips for taxpayers in relation to the CGT main residence exemption.
Superannuation guarantee: due dates and considerations for employees and employers
By WSC Group | Created on September 3, 2025
On 1 July 2025 the superannuation guarantee rate increased to 12% which is the final stage of a series of previously legislated increases. Employers currently need to make superannuation guarantee (SG) contributions for their employees by 28 days after the end of each quarter (28 October, 28 January, 28 April and 28 July). There is an extra day’s allowance when these dates fall on a public holiday.
