Introduction Rising fuel costs are placing increasing pressure on many Australian businesses, impacting cash flow and day-to-day operations. In response, the Australian Taxation Office (ATO) has announced temporary support measures to assist eligible businesses struggling to meet their tax obligations. Understanding these options can help businesses manage short-term financial pressure more effectively. What Support Is Available? The ATO is
Written by Timothy Reece | Associate Director | Accounting The Australian Taxation Office (ATO) has recently released Draft Taxation Ruling TR 2025/D1, providing updated guidance on how individual property owners should treat rental income and deductions. Crucially, the ruling introduces stricter views on “holiday homes”- properties that are used for both private enjoyment and short-term rental. If your
Written by Luke Mackie | Provisional Financial Adviser | Accounting Australian property prices have risen sharply over recent years, particularly through and following the COVID period. In markets such as Brisbane, Perth and parts of regional Queensland, price growth has exceeded 70% over five years in some areas. This has led many investors, especially high‑income professionals to
Walshs has strengthened ties with the Australian Orthopaedic Association (AOA) Queensland Branch as a Regional Alliance Partner. This collaboration reflects our shared commitment to supporting Queensland’s orthopaedic surgeons, trainees, and medical researchers by providing access to specialist financial advice, education, and resources tailored to the needs of medical professionals. For over 30 years, Walshs has
Gone are the days of setting a tax strategy at the start of the financial year and forgetting about it. In today’s ever-changing economic and legislative landscape, tax planning has become an essential part of managing your personal and business finances. To stay ahead, you need to be flexible, informed, and prepared to pivot your
Are you ready to take your private practice to the next level? Look no further than the latest episode of the Practice Masterclass Series by Magentus, featuring the expertise of Walshs Director, Hugh Walsh. In this 20-minute video, Hugh delves into essential financial strategies specifically designed for private practice owners. Key Topics Covered: Choosing the
Superannuation death benefits provide financial support to your family once you pass away. These benefits include the balance of your super account, including any life insurance held within your superannuation fund. Unlike other assets, superannuation death benefits may not form part of your estate unless directed by a binding death benefit nomination. Who Can Receive Superannuation Death
Superannuation is one of the largest investments you will ever make, so it’s crucial to understand your options and choose wisely. This guide will provide you further information regarding selecting your investments. Understanding Superannuation Investment Options Most superannuation funds offer a variety of investment options, typically ranging from conservative to growth-oriented. Each option comes with
Welcoming a newborn into your family is an exciting time, filled with joy, anticipation, and, of course, some necessary paperwork. One of the most important steps new parents can take is adding their newborn to their private health insurance policy. Not only does this ensure that your baby is covered for any unexpected medical expenses,
When running a business, creating a positive and engaging environment for your employees is key to success. Whether you’re throwing a Christmas party, organising a recreation day, or hosting a seminar, these events can boost morale and strengthen your team. However, it’s essential to understand how Fringe Benefits Tax (FBT) applies to these activities. Understanding
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