by epoch | Sep 14, 2026 | eNews
From 1 July 2026, the value of a Commonwealth penalty unit increased from $330 to $364. While this may sound like a minor administrative change, it directly affects many ATO penalties, increasing the cost of a range of compliance failures. A penalty unit is simply the...
by epoch | Sep 14, 2026 | eNews
The ATO has released its updated reasonable travel and overtime meal allowance rates for the 2026–27 income year in Taxation Determination TD 2026/4. The overtime meal allowance has increased to $40.00, while the reasonable amounts for domestic and overseas travel...
by epoch | Sep 14, 2026 | eNews
Discretionary trusts, often referred to as family trusts, have been a popular structure for Australian families and businesses for many decades. They are commonly used to operate family businesses, hold investments and assist with succession planning. Their...
by epoch | Aug 8, 2026 | eNews
If you’re thinking about purchasing or leasing a vehicle for your business in the new financial year, it’s worth understanding the updated car thresholds that apply from 1 July 2026. While these limits may seem technical, they can have a practical impact...
by epoch | Aug 8, 2026 | eNews
The sharing economy has created new opportunities for Australians to earn additional income. Whether it’s driving for a ride-sharing service, renting out a holiday property, completing freelance work, hiring out equipment, or creating digital content, many...
by epoch | Aug 8, 2026 | eNews
The High Court has recently handed down an important decision that will affect many private business groups that use discretionary trusts and corporate beneficiaries. In Commissioner of Taxation v Bendel [2026] HCA 18 (10 June 2026), the Court rejected the ATO’s...
