Superannuation Payment Traps + “PayDay Super” Coming Soon – Details Revealed
Time’s running out faster than most business owners realise. From 1 July 2026, Australian businesses will need to pay superannuation contributions at the same time as wages – and honestly, this represents one of the most significant changes to our super system in decades. The Government introduced the Treasury Laws Amendment (Payday Superannuation) Bill
Property Investing ATO Targets: 5 Compliance Traps Examined
Quick Summary: The ATO has escalated enforcement of accurate tax returns for property investors by using AI and data-matching to identify an estimated $1.2+ billion tax gap from rental properties. Property investing ATO targets now focus on five critical areas: mixed loan interest claims, repair versus capital improvements, unreported income, joint ownership e
ATO Interest No Longer Tax Deductible in 2025: What Every Business Owner Needs To Know
Quick Summary: ATO Interest (GIC) Tax Deductibility Changes – 1 July 2025 From 1 July 2025, businesses can no longer claim tax deductions for ATO interest charges including General Interest Charge (GIC) and Shortfall Interest Charge (SIC). This change makes tax debts significantly more expensive – what used to cost $100 in after-tax dollars now [&he
Super Guarantee Rate Increase 2025: How the 12% Change Affects Your Business
Quick Summary The superannuation guarantee rate increased from 11.5% to 12% on 1 July 2025 – the final scheduled increase in this series. All eligible employees must receive the 12% rate for salary and wages paid from 1 July onwards, even if the pay period started before this date. This represents the largest employer cost […]
Minimum pension payments 2025: what SMSF owners must know (and what happens if you get it wrong)
Quick Summary and FAQ’s Question 1. In the ’25/26 Financial Year, what must SMSF owners know about minimum pension payments? Answer: For the 2025/26 financial year, SMSF owners must know that the standard minimum pension drawdown rates apply. These rates are a percentage of your super balance on July 1st, 2025, and are determined by […]
The Impact of Interest Rate Cuts on Australian Small Businesses: A Mixed Outlook
Recently Sean Aylmer from the podcast “Fear and Greed” interviewed Patrick Coghlan who is the CEO at Creditor Watch. Here are some summary highlights from the interview: The recent interest rate cut has provided some relief for homeowners, but what does it mean for small and medium-sized businesses (SMEs) in Australia? While positive indicators we
Rising Hopes for Interest Rate Cuts Amid Easing Inflation
Update 31 January 2025 The recent report from the Australian Bureau of Statistics (ABS) has set the stage for a potential shift in the monetary policy landscape. The good news is inflation finally seems to be coming down! Inflation figures for the final quarter of 2024 have indicates a slowdown, analysts and financial markets seem […]
Celebrating 25 Five-Star Google Reviews at Keypoint Accountants
At Keypoint Accountants, we are thrilled to announce that we are celebrating 25 five-star reviews as we close out 2024! This achievement is not just a number; it represents the trust and satisfaction of our clients who have taken the time to share their positive experiences with our services. Each review reflects the hard work […]
$900Billion Lost Market Cap in 2 Months! The Meteoric Rise and Sudden Fall of Nvidia’s Stock Value: A Closer Look
(Photo Credit: NVIDIA Newsroom) So it seems like it’s too bad for anyone who got excited and invested in the rising stocks of Nvidia in early July! Few stories have captured the attention of investors and industry experts quite like the recent fluctuations in the tech chip-maker Nvidia’s stock value. As a leading player in […]
Claim Your Home Office Expenses Correctly With ATO’s Revised Fixed-Rate Method
With the rise of remote work in recent years, more and more Australians are setting up home offices. Whether you’re a full-time employee, a freelancer, or a business owner, it’s important to understand how to correctly claim home office expenses on your tax return. As of 1 July 2022, the Australian Taxation Office (ATO) introduced […]