As seen in Woopi News December 2025 In November 2025, Payday Superannuation legislation passed both houses of Parliament and received Royal Assent. The new law comes into effect as of 1 July 2026. Superannuation was previously only required to be paid on a quarterly...
As seen in Woopi News November 2025 Do you have a side hustle? In our modern economy, a lot of people work a regular job and then run a small business as a side hustle. How you provide the income and expenses for each activity to your accountant matters. We often find...
As seen in Woopi News October 2025 Often clients say, no I can’t claim that because I receive an allowance, but that’s not how it works. An allowance is recorded as taxable income and a deduction can be claimed for the work related portion of the expense, so long as...
As seen in Woopi News September 2025 Many people don’t quite understand the scope of an accountant’s role. It often amuses us when people ask, so what do you do for the rest of the year, after you have done all the tax returns? Most Accountants have enough work to...
As seen in Woopi News August 2025 With the prevalent use of social media for advertising, influencers are appearing everywhere, including in the realm of tax and financial advice. The Tax Practitioners Board (TPB) warns that the number of ‘finfluencers’ is on the rise...
As seen in Woopi News July 2025 Since 1st July 2019, a deduction for holding costs relating to vacant land can no longer be claimed as a tax deduction. This applies even if the land is intended for investment purposes in the future, costs must be capitalised and...
There have been several significant changes to employment law, including: The Right to Disconnect, New Definitions of Casual Employment, Changes to Entry-Level Classifications, Wage Theft and the Superannuation Guarantee.
As seen in Woopi News May 2025 In December 2023 as part of the mid year Economic and Fiscal Outlook our government announced it would amend the tax law to deny income tax deductions for ATO interest charges. As with many announcements made by our government it can...
As seen in Woopi News April 2025 There is often confusion over when a business needs to register for Goods and Services Tax (GST). If you earn income under an Australian Business Number (ABN) and your annual turnover is $75,000 or more, you need to be registered for...
As seen in Woopi News March 2025 Are you an Australian resident selling a property? Do you know about Clearance Certificates? When property within Australia is sold, Foreign Resident Capital Gains Withholding (FRCGW) is withheld unless the seller is an Australian...
As seen in Woopi News February 2025 When a business is registered for GST, it is required to lodge a Business Activity Statement (BAS). For most businesses this is every three months (quarterly), with monthly or annual options being less common. Some business owners...
As seen in Woopi News January 2025 The Australian Parliament recently passed a bill to change the indexation rate for study and training loans which will soon become law. In the past study loans were increased annually in line with the Consumer Price Index (CPI),...