Tax and business news

Payday Super has applied since 1 July 2026. Check fund receipt times, payroll processes and cash flow, and follow up rejected or missing payments promptly.

📌 Understanding Taxes and Hidden Costs in Australia Australia’s tax system is a mix of direct and indirect taxes affecting individuals. While most people are aware of income tax, there are other hidden costs—such as road tolls and council rates—that also impact finances. Below is a breakdown of the main taxes and charges affecting the average salary and wage earner. 💰 1. Income-Related Taxes These are direct taxes deducted from wages or related to personal income: Income Ta

The many faces of trusts in Australia. Trusts are widely used in managing finances among families, businesses, corporations, and governments. They play a crucial role in investments, planning, and transferring wealth according to specific terms laid out in a trust deed. A trust is a legal arrangement that establishes a relationship between entities like individuals or companies, where one party (the trustee) holds property for the benefit of another party (the beneficiary). T

Historical article — 2024. The wage and super figures below are for the 2024 announcement and are not current pay rates. For background only. Check current guidance before acting. Explore Regans bookkeeping and payroll support. From 1 July 2024, the national minimum wage will increase to $915.90 per week. National Minimum Wage Increase: From 1 July 2024, the national minimum wage will rise to $915.90 per week, which equals $24.10 per hour for a full-time employee working 38 h

Is private health insurance tax deductible in Australia? Private health insurance premiums are generally a private expense, not an income-tax deduction. Do not confuse a deduction with the private health insurance rebate: the rebate has separate eligibility rules and can be reconciled through your tax return. The ATO's work-related expense guidance confirms that private health insurance is not deductible even when employment requires it. Does private cover remove the Medicare

This introduction was published in 2023. The core 2026 property reforms are now enacted, with new rental-loss rules applying from 1 July 2027. Acquisition timing and exceptions can affect future treatment; use the newer guide before relying on this general explanation. Read the 2027 negative-gearing guide. Negative gearing is a common investment strategy in Australia, where an investor borrows money to purchase an asset, such as property or shares, with the expectation that t

In a further round of stimulus, the treasury have today (04/06/2020) announced a $25,000 cash grant for new home construction & major renova

How the governments stimulus package will affect you, your family and your business.

How the governments stimulus package will affect you, your family and your business.

How the governments stimulus package will benefit you