by epoch | Oct 7, 2026 | eNews
Federal Parliament has closed an unintended loophole in the recent negative gearing and capital gains tax reforms that became widely known as the “widow tax”. At the same time, the Government also fixed a technical issue that could have affected people who first use a...
by epoch | Oct 7, 2026 | eNews
More than $21 billion in lost and unclaimed superannuation is currently sitting idle across Australia, according to the latest ATO figures. The average lost account holds around $41,000. Last year alone, the ATO reunited more than $1.1 billion with members. That is...
by epoch | Oct 7, 2026 | eNews
If you spend time outside Australia for work, family or personal reasons, your travel history could become increasingly important when it comes to your Australian tax affairs. On 24 August 2026, the ATO gazetted its latest passenger movements data-matching program....
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...
