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myGov, ATO Services and Staying Secure Online
As seen in Woopi News September 2026 myGov is the digital front door to essential government services, including the Australian Taxation Office (ATO). Everyone has a myGov account, whether or you have setup access to it or not. Once you link the ATO to your myGov...
ATO targeting employers who provide tax free benefits to workers
As seen in Woopi News August 2026 Fringe Benefits Tax (FBT) is a tax that can apply when an employer gives an employee a benefit on top of their normal wages or salary. Common examples include allowing an employee to use a work car for private trips, paying for car...
Changes from 1 July 2026
As seen in Woopi News July 2026 Tax Rate decrease for the income bracket between $18,201 to $45,000 reducing from 16% to 15%. This means all taxpayers earning salaries and wages of more than $18,201 should see a small increase in their take home pay from July. Payday...
2026 Federal Budget Announcements
As seen in Woopi News June 2026 It is important to remember that the Budget Announcements are not yet legislated, the finer details are still being ironed out and the devil will be in the details. Changes to Negative Gearing Residential Rental Properties Residential...
ATO Audit Areas of Focus 2025-26
As seen in Woopi News May 2026 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 will include: Crypto Assets and the incorrect reporting or...
The Super changes starting 1 July 2026 could trigger excess concessional contributions tax for some taxpayers
As seen in Woopi News April 2026 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...
Potential Changes to Capital Gains Tax and Negative Gearing
As seen in Woopi News March 2026 Capital Gains Tax (CGT) and negative gearing are often discussed, especially when housing affordability and tax reform are in the news. It is important to remember that nothing has changed recently and won't change until legislation is...
Changes to AntiMoney Laundering Reporting in Australia
As seen in Woopi News February 2026 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...
Long Service Leave for the Community Services Industry
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...
Payday Superannuation
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...
Business vs Work Related Expenses
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...
Reimbursements verses Allowances
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...
