Document Hub
Book a Consultation
LOGIN
Taking charge of upcoming employer obligations
By WSC Group | Created on July 16, 2025
As the end of the financial year has just past, the ATO is reminding employers that they should check what they need to do and take note of the following upcoming key dates.
Changes to car thresholds from 1 July
By WSC Group | Created on July 16, 2025
The car limit for the 2026 income year is $69,674. This is the highest value that a taxpayer can use to calculate depreciation on a car where they use the car for work or business purposes and they first use or lease the car in the 2026 income year.
TBAR for June quarter due 28 July
By WSC Group | Created on July 16, 2025
All SMSFs must report relevant transfer balance account ('TBA') events using transfer balance account reporting ('TBAR').
Div 296 super tax and practical things to consider
By WSC Group | Created on July 16, 2025
Division 296 super tax is a controversial Federal Government proposal to impose an extra 15% tax on some superannuation earnings for individuals if their total superannuation balance (TSB) is over $3 million as at 30 June of the relevant income year.
Important tax update: deductions for ATO interest charges scrapped
By WSC Group | Created on July 16, 2025
If you're carrying an Australian Taxation Office (ATO) debt there is a good chance that it will cost you even more from 1 July 2025 onwards.
Taxpayer's claim for home office and car expenses successful
By WSC Group | Created on July 16, 2025
The Administrative Review Tribunal ('ART') recently held that a taxpayer was entitled to claim deductions for home office and car expenses incurred during the COVID-19 pandemic.
LABOR'S VICTORY: UNPACKING THE PROMISES AND PRIORITIES
By WSC Group | Created on June 9, 2025
As the Labor party settle back into their seats having secured a majority in the House of Representatives, we look at the campaign promises and the unfinished business from the last term.
Partial release from tax debt on serious hardship grounds
By WSC Group | Created on June 9, 2025
The Administrative Review Tribunal ('ART') held that a taxpayer should be released from payment of part of his tax debt on the grounds of serious hardship.
FROM AIR FRYERS TO SWIMWEAR: TAX DEDUCTIONS TO AVOID
By WSC Group | Created on June 9, 2025
With the 2025 tax season fast approaching the Australian Taxation Office (ATO) is reminding taxpayers to be careful when claiming work related expenses.
Taxi service and ride-sourcing providers must be registered
By WSC Group | Created on June 9, 2025
Taxpayers that provide taxi, limousine or ride-sourcing services must register for GST regardless of their turnover.
ATO'S NEW REQUIREMENTS FOR NFPS
By WSC Group | Created on June 9, 2025
If you are involved with running a not for profit (NFP) organisation it is important to be aware of key obligations and requirements.
Beware websites sharing fake news on super preservation age
By WSC Group | Created on June 9, 2025
The ATO is warning the community about a 'proliferation of dodgy websites sharing fake news about changes to the superannuation preservation rules and withdrawal rules starting on 1 June.'
ECONOMIC CROSSROADS: US SHRINKS, CHINA STIMULATES, AUSTRALIA HOLDS STEADY
By WSC Group | Created on June 9, 2025
The US economy experienced a notable slowdown in the first quarter of 2025. The latest GDP data showed the economy contracted at an annual rate of -0.3%.
$20,000 instant asset write-off for 2024/25
By WSC Group | Created on June 9, 2025
Taxpayers who have purchased or are purchasing a business asset this financial year should remember that the instant asset write-off limit is $20,000 for the 2025 income year.
Getting ready for business
By WSC Group | Created on June 9, 2025
The ATO advises new business owners that they need to understand their obligations to ensure they are 'getting it right from the start.'
'Wild' tax deduction attempts
By WSC Group | Created on June 9, 2025
The ATO recently revealed some of the 'wild' work related expense tax claims people have tried to 'put past' the ATO.
Truck driver entitled to claim meal expenses
By WSC Group | Created on May 1, 2025
The Administrative Review Tribunal upheld a truck driver's claim for meal expenses, notwithstanding that those expenses had not been fully substantiated.
Increase to rate for working from home running expenses
By WSC Group | Created on May 1, 2025
The ATO's fixed-rate method for calculating additional running expenses while working from home has been updated.
How to avoid common CGT errors
By WSC Group | Created on May 1, 2025
Important information about CGT obligations when selling property, even with a foreign resident capital gains withholding clearance certificate.
How to manage business day-to-day transactions
By WSC Group | Created on May 1, 2025
The ATO has tips for small business owners that can make their tax life easier.
Minimum pension drawdown reminder
By WSC Group | Created on May 1, 2025
Important information about minimum pension payments for SMSF members receiving account-based pensions.
Keeping not-for-profit records up to date
By WSC Group | Created on May 1, 2025
Important information about record keeping requirements for not-for-profit organizations.
For your business
By WSC Group | Created on April 25, 2025
Your customer is definitely not going to pay you? If all attempts have failed, the debt can be written off by 30 June to claim a deduction this year.
Year-end tax planning opportunities & risks
By WSC Group | Created on April 25, 2025
With the end of the financial year fast approaching we outline some opportunities to maximise your deductions and give you the low down on areas at risk of increased ATO scrutiny.
Property subdivision projects - the tax implications
By WSC Group | Created on April 25, 2025
Before jumping in and committing to anything, it is important to understand the tax liabilities that might arise from property subdivision projects.
The ATO's updated small business benchmarking tool
By WSC Group | Created on April 25, 2025
The ATO has updated its small business benchmarks with the latest data taken from the 2022–23 financial year.
Instant asset write-off threshold finally confirmed
By WSC Group | Created on April 25, 2025
The Government finally passed legislation increasing the instant asset write-off threshold for the year ending 30 June 2025 to $20,000.
Super guarantee rules catch up with venues and gyms
By WSC Group | Created on April 4, 2025
The superannuation guarantee rules are broad and, in some circumstances, extend beyond the definition of common law employees to some directors, contractors, entertainers, sports persons and other workers.
The proposed ban on non-compete clauses
By WSC Group | Created on April 4, 2025
In the 2025-26 Federal Budget the Government announced a ban on non-compete clauses and “no poach” agreements.
Threshold for tax-free retirement super increases
By WSC Group | Created on April 4, 2025
The amount of money that can be transferred to a tax-free retirement account will increase to $2m on 1 July 2025.
