Taxright Accountants & Advisors
Latest News
Useful tips, hints and information. Upcoming important dates and general news.
Haven’t lodged yet? Talk to us before 31 October
If you normally lodge your own tax return, 31 October 2026 is an important date. Your 2025-26 individual tax return is generally due on 31 October if you lodge it yourself. If you use a registered tax agent, you may be covered by...
Extra into super, or off the mortgage?
If you have some spare cash, you may be wondering whether to put more into super or use it to reduce your mortgage. There isn’t one answer that suits everyone. Your tax position, mortgage, access to your money, retirement...
Card surcharges end on 1 October
If you run a business, there is an important change coming on 1 October 2026. From that date, the eftpos, Mastercard and Visa card networks will introduce no-surcharge rules. This means businesses will generally no longer be able...
The 1 July 2027 tax changes, and why valuations matter
There are major changes coming to the tax treatment of residential investment property and capital gains. Most of the changes start on 1 July 2027, but some important dates have already passed. If you own an investment property,...
Division 296 tax on large super balances
Div 296 tax is now in legislation and levied directly on the individual with balances over $3m in super fund. The assessment is issued by the ATO, and payment is generally due within 84 days of the notice. Div 296 tax is in...
Paid parental leave super contributions have started
From July 2026, the new Paid Parental Leave Superannuation Contribution (PPLSC) has started. This is a government-funded super payment for eligible parents who receive Paid Parental Leave (PLP) for a child born or adopted from 1...
Taxright Supports Eats 4 The Streets
Payday super part 2: not quite ‘all systems go’
The reforms are finally law, but now the work to implement payday super begins.
Payday Super part 1: understanding the new law
Passage of the Payday Super reforms by parliament this week has cleared the way for employee superannuation to be paid by employers more frequently. In the first of a two-part series, this article explains the myriad elements of...
Restructuring Family Businesses: From Partnership to Limited Company
Family businesses form the backbone of the Australian economy, with many starting as simple partnerships before evolving into more complex structures
Franchising and Leasing: Legal Issues to Consider When Securing a Location
Franchise and lease agreements often conflict, so review both together, decide early whether the franchisor or franchisee should hold the lease and do thorough due diligence, including franchisor approval and checking use and...
Working out your Work From Home (WFH) expenses – 2025 Rules
To be eligible to claim working from WFH expenses, you need to be genuinely working from home to fulfil your employment duties, not just checking emails or taking occasional calls.
Bribery, brothels, breaches of confidence: ATO officer loses appeal against imprisonment
A former ATO client engagement officer has lost an appeal against a five-year prison sentence for accepting a $100,000 bribe in return for a favourable tax audit.
Roles and Responsibilities in a Business Partnership
Document roles, decision-making procedures and dispute resolution mechanisms in a formal agreement. Schedule regular meetings and use communication tools to stay aligned. As your business evolves, review and update your...
6 ways to improve your business plan
All businesses need a business plan, not just new businesses.
$20,000 instant asset write-off
This is a great scheme for small businesses and runs until the 30 June 2025.
E-Commerce Laws You Must Know To Run An Online Business
Make sure your e-commerce business complies with Australian Consumer Law by having accessible terms and conditions. Always publish a clear privacy policy detailing how customer data is handled. Understand shipping restrictions...
Employees taking more sick days – and it’s getting worse
Traditionally, absence has been viewed solely as sick leave, but now it manifests in many ways. Absenteeism can take forms such as presenteeism, high rates of employee turnover, and extended periods of unpaid leave.
Underperforming employees: When can you terminate?
Firing an employee hastily or without proper procedures can lead to uncomfortable situations and damage the company's reputation. Regrettably, sometimes, management pressure means making uninformed decisions that open the...
Legal Considerations Around Recording Customers Who Enter My Business
As a business, you may consider installing video surveillance on your premises to discourage theft or ensure the safety of your customers and personnel. However, your business may suffer significant legal implications if you do...
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Suite 10, 12 Discovery Drive
Level 1, Evergreen Centre
North Lakes, QLD 4509
Phone: (07) 3385 0686























