The ATO have recently begun to prefill TPAR information into individual tax returns; to aid in data matching and ensure contractors and subcontractors are including this income. The ATO will data match between the information reported in the tax return, and the total TPAR amounts that have been reported attached to their ABN.
Once you link the ATO to your myGov account, you can access ATO online services and are able to view a variety of information. The information on myGov is highly sensitive making it a target for hackers, so security is especially important.
The implications of FBT are often overlooked by business entities particularly where a business provides a vehicle to an employee or director that is available for private use.
Several changes come into effect 1 July 2026 that affect businesses and individuals including tax rate decrease and payday super.
A breakdown of the 2026 Federal Budget Announcements and their proposed changes still to be legislated.
Every year Australian Taxation Office (ATO) has key areas of focus that they target for auditing. In the 2025-2026 year the ATO has indicated some of their areas of focus which this article outlines.
Payday super comes into effect 1 July 2026. Instead of employers being required to pay employees Superannuation Guarantee (SG) quarterly (every 3 months) they will now be required to make Super Guarantee contributions when the wages are paid.
Capital Gains Tax (CGT) and negative gearing are often discussed, especially when housing affordability and tax reform are in the news. We should expect to hear more on this as part of the May 2026 Budget update.
Australia’s antimoney laundering and counterterrorism financing (AML/CTF) framework is undergoing significant reform with changes to reporting obligations, and expansion of who must comply with AML/CTF reporting over the 2025-2026 period.
As seen in Woopi News January 2026 Long service leave is additional leave workers may be entitled to after working for the same employer for a certain number of years. The Long Service Corporation (LSC) have been administering portable long service leave for the...
For all your individual tax return, bookkeeping, business tax or SMSF needs, contact StaySharp Accounting.
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