As we approach the end of another year, we want to take a moment to thank all our clients for their support throughout 2025. It has been a pleasure working with you, and we truly appreciate the trust you place in us. We hope you enjoy a well-earned break over the holiday season and have the chance to rest, recharge, and spend time with loved ones. A fresh new year is just around the corner, and we look forward to supporting you again in 2026. Our office will close Monday, 22r

The ATO has released draft Taxation Ruling TR 2025/D1 , providing guidance for individuals who earn income from rental properties, including short-term rentals and renting out part of their home. The draft ruling addresses: When rental income is assessable When losses or outgoings can be claimed as deductions How to apportion expenses when a property has both income-producing and private use When deductions for a holiday home will be denied because it is a “leisure facility”

As the end of the year approaches, the ATO is reminding employers of their Fringe Benefits Tax (FBT) obligations when planning workplace celebrations, staff parties, events, and gifts. While many employers provide food, drinks, or small gifts during the festive period, some of these benefits may be exempt from FBT.

The ATO is highlighting the importance of payroll governance and reminding employers of their core responsibilities, including: Pay as you go (PAYG) withholding Single Touch Payroll (STP) Fringe Benefits Tax (FBT) Super guarantee (SG)