A stapled super fund is an existing super account linked, or 'stapled', to an individual employee so it follows them as they change jobs. This aims to reduce account fees, avoiding new super accounts being opened every time an employee starts a new job. If you don't meet this obligations, penalties may apply.

With the end of financial year fast approaching, now is a great time to boost your superannuation savings and potentially save on tax. Below are six superannuation strategies to consider before 30 June 2025.

FBT is a tax paid by employers on certain benefits provided to their employees or their associates in place of salary or wages. Its purpose is to prevent employers providing non-cash benefits to their employees and associates/family members without anyone being taxed on these benefits.

When starting or growing a business, choosing the right structure is one of the most important decisions you will make. Two of the most common structures used in Australia are discretionary trusts and companies. Each comes with its own set of advantages and disadvantages, and the right choice will depend on your goals, risk profile, funding needs, and long-term plans.

When starting a business in Australia, many individuals choose to operate as a sole trader due to its simplicity and low cost. While this structure can offer several benefits, it also comes with certain risks and limitations.

When starting or restructuring a business, choosing the right structure is essential. In Australia, the most common business structures are sole trader, partnership, company, and trust. Each has its own legal, financial, and tax implications.

Inconsistent or incomplete records are a red flag. The ATO has increased its use of data-matching technology and AI to identify anomalies in tax returns and BAS. If your DIY bookkeeping doesn’t align with industry benchmarks or bank data, an ATO audit could trigger and you will require clean, reconciled records to defend your position.

When using the logbook method, you must record every trip in your vehicle (both private and business) for a 12-week period. Your logbook is then used to calculate the “business use percentage” of your car across the year. Your business use percentage is the percentage of kilometres you travel in your car for work-related purposes. It’s also the percentage of all of your car expenses you paid during the year that you can claim on your return.