Blog tagged as ATO Rules

In 2026, Australian accounting is moving toward real-time compliance with the introduction of Payday Super and the widespread adoption of AI-driven advisory tools.

In 2026, Australian accounting is moving toward real-time compliance with the introduction of Payday Super and the widespread adoption of AI-driven advisory tools.

From 1 July 2026, a new tax (Division 296) will be introduced to reduce concessional tax rates on superannuation earnings above $3 million. But how does Division 296 work, and are you affected?

From 1 July 2026, all Australian employers must pay superannuation contributions on the same day they pay salary and wages.

On 1 July 2026, the Small Business Superannuation Clearing House (SBSCH) will close permanently as part of the Payday Super reforms. With only a few months left, employers still using the SBSCH need to find an alternative option, and soon.

April is a busy month with several public holidays and tax deadlines. If you’re planning to be away over the school holidays, let’s get your numbers sorted early so you can enjoy your break without any compliance worries!

The ATO is cracking down on compliance. Here are five ways your small business can remain compliant and stay in the ATO’s good books.

The ATO regularly publishes focus areas for small businesses. One of the top areas where the ATO regularly sees errors is where a private company shareholder uses business money and assets for personal use or benefit, which can lead to Division 7A issues.

From 1 July 2026 Payday Super will be mandatory. Instead of quarterly super payments to employees’ funds, contributions will need to be paid at almost the same time as salary and wages. Read on for full details on what's required and what is changing.

While the standard financial year ends in June, the Fringe Benefits Tax (FBT) year actually ends on 31 March.

The ATO is providing additional support for new small businesses to ensure they understand and comply with their tax, superannuation and registry obligations

The ATO has finalised its compliance approach in relation to the integrity measure in s 207-159 of ITAA 1997, which operates to make certain distributions funded by capital raising unfrankable.

Business confidence was high in June but dipped slightly in August in the latest SMB Business Insights report from NAB. What can your business do to overcome the cashflow, profitability and compliance worries?

These five simple tax tips help small business owners stay organised, avoid surprises at tax time, and make smarter financial decisions.

Tax planning is about making proactive, smart decisions to reduce liability while staying compliant with the ATO. From instant asset write-offs to structuring reviews, these five strategies help SMEs save money and strengthen long-term growth.

A bill amending the Income Tax (Transitional Provisions) Act 1997 to extend the $20,000 instant asset write-off until 30 June 2026 has been introduced to parliament.

The ATO is clamping down on GIC remissions in 2025, so businesses must manage cash flow carefully and engage early to avoid costly interest charges.

The ATO’s September 2025 update highlights crucial lodgement deadlines and renewed compliance focus on rental deductions, gig income, cash, and GST. Businesses that act early and keep records clean will avoid penalties and stay ahead.

MYOB’s 14 accounting tips highlight the importance of strong financial habits for small businesses. From reconciliations to planning for growth, these steps ensure compliance and sustainable success.

The ATO is tightening debt enforcement and compliance rules in 2025, making early engagement and strong record-keeping critical for small businesses and tax practitioners.