As 30 June approaches, it’s a crucial time for SMSF trustees to review their fund’s compliance and ensure all obligations are met. The end of financial year is often when small oversights can turn into costly mistakes, but with a few proactive steps, you can avoid unnecessary stress and stay on the right side of the ATO.

The Government’s big moment in the 2025-26 Federal Budget was the personal income tax cuts. Income tax cuts are a dazzling headline but in reality they deliver a tax saving of up to $268 in the 2026-27 year, with a tax saving of up to $536 from the 2027-28 year.

 The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees.

The end of the financial year is fast approaching. We outline the areas at risk of increased ATO scrutiny and the opportunities to maximise your deductions.

The Treasurer Jim Chalmers is promising that inflation will decline by 0.75% as a direct result of the 2024-25 Federal Budget initiatives that include energy relief for all households, extension of the instant asset write off, a boost to Commonwealth Rent Assistance, the freezing of the maximum co-payment on the Pharmaceutical Benefits Scheme and student debt relief.