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Australia’s superannuation rules treat most workers aged under 18 differently from adult employees. While workers aged 18 and over generally qualify for compulsory employer super regardless of their hours, an employee under 18 must currently work more than 30 hours in a week for the same employer before the super guarantee applies. The rule is…
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The latest decision by the US Federal Reserve (Fed) has once again highlighted the delicate balance between controlling inflation and supporting economic growth. At its July 2026 meeting, the Federal Open Market Committee (FOMC) voted to keep interest rates unchanged at 3.50% to 3.75%, signalling that inflation remains a concern despite signs of economic resilience…
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Australia’s latest inflation figures have provided welcome news for households and businesses, with annual Consumer Price Index (CPI) growth easing to 3.8% in the year to June 2026. While inflation remains above the Reserve Bank of Australia’s (RBA) target range, the latest data suggests price pressures are continuing to moderate compared with previous peaks. For…
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As Tax Time 2026 gets underway, the Australian Taxation Office (ATO) has highlighted rental property claims as a key compliance focus, particularly where properties are used both as short-term holiday accommodation and for private purposes. The renewed attention comes as Australians increasingly generate income through holiday homes and online accommodation platforms, creating more complexity when…
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Australia’s trust landscape is undergoing a meaningful shift following the latest updates from the Australian Taxation Office (ATO), released on 16 July 2026, particularly around how trustees report and manage tax file number (TFN) information and administrative obligations. These changes form part of broader reforms aimed at improving transparency, compliance, and system efficiency within Australia’s…
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The 2026–27 financial year has introduced a significant, but often misunderstood, change to Australia’s income tax system — the reduction of the lowest marginal tax rate from 16% to 15%, effective 1 July 2026. This reform is part of the Federal Government’s ongoing effort to ease cost-of-living pressures and reduce bracket creep across the workforce.…
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Australia’s capital gains tax (CGT) reform agenda has entered a critical phase, with June 2026 updates confirming a major shift for small and medium businesses. For business owners seeking guidance from an experienced accountant Box Hill, this change is particularly important — the Federal Government has lifted the turnover threshold for key small business CGT…
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The Australian Taxation Office (ATO) has released its latest update ahead of Tax Time 2026, highlighting important changes to non-individual tax returns and schedules. These updates, published on 11 June 2026, directly impact companies, trusts, and partnerships, making it critical for businesses to prepare early. [ato.gov.au] For business owners and advisors—especially those working with a…
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Australia’s residential housing stock is now valued at $12,772.6 billion (about $12.8 trillion) after a 2.5% rise in the March quarter 2026, based on the latest Australian Bureau of Statistics (ABS) Total Value of Dwellings release. For households and small investors engaging an accountant Box Hill, this macro update is more than trivia: it frames…
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For small business owners in Box Hill and across Melbourne, today’s release of the ABS March‑quarter 2026 National Accounts is a timely reminder that EOFY tax planning now sits in a low‑growth, high‑cost environment. The Australian economy expanded by 0.3% in the March quarter, confirming modest growth rather than contraction — but also signalling subdued…