Category: ATO Compliance

On 13 October 2025 the Federal Treasurer announced some significant changes to the design of the proposed Division 296 tax. Some of the key changes are: Rather than ATO-reconstructed member-level earnings based on balance movements, the revised modelmoves to a fund-level realised-earnings approach. Funds (including SMSFs) will calculate their taxable/realised earnings for the year, attributeRead More »

Leaving debts outstanding with the ATO is now more expensive for many taxpayers. As we explained in the July edition of our newsletter, general interest charge (GIC) and  shortfall interest charge (SIC) imposed by the ATO is no longer tax-deductible from 1 July 2025. This applies regardless of whether the underlying tax debt relates toRead More »

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. This is because from 1 July 2025 two types of interest charges imposed by the ATO are no longer deductible. What are the interest charges? There are two mainRead More »

In late February 2022, the ATO released tax policy changes that would stop the usual trust distributions to family members. This is one of the most important developments in trust taxation in over 20 years.

When you first start your own business, calculating depreciation can seem impossibly complex – but getting it right has real business benefits. Find out more about the ins and outs of depreciation.

The ATO has recently issued an alert on gifts or loans from overseas.