Financially Sorted

09/10/2026

After backlash from the business community, the ATO has now backflipped and will continue accepting credit card payments for tax obligations until 30 June 2027!!

The ATO will continue accepting credit card payments for tax obligations until 30 June 2027.

05/10/2026

ATO Update | Three Things to Check

✅ Thinking about reducing your PAYG instalments? Make sure you don't reduce them too far, or you could face interest charges later.

🚗 Recently purchased a vehicle? The ATO is increasing data matching on vehicle purchases and transfers over $10,000.

💰 You could have lost super waiting to be claimed. With over $21 billion in lost and unclaimed super, it's worth taking a few minutes to check your myGov account.

Need help understanding how these updates affect you or your business?

ATO Update: Three things to note by Financially Sorted | Sep 30, 2026 | ATO | 0 comments PAYG instalments: Take care when varying payments The ATO has reminded taxpayers to take care when varying PAYG instalments, particularly where the amount is being reduced. PAYG instalments require taxpayers to....

01/10/2026

ATO ANNOUNCEMENT | Credit Cards to no longer be accepted!

Do you normally pay the ATO via credit card??
This will no longer be an option after 30 November 2026.

29/09/2026

📈 RBA lifts rate to 4.60%

The Reserve Bank raised the cash rate by 0.25% today. It's the fourth rise this year and the highest level since 2011, driven by stubborn inflation, and the RBA has said more rises are possible.

What impact will this increase have on you? We are here to help.

23/09/2026

🏆 AFL Grand Final 2026 🏆

The stage is set. The cup is waiting.

Will the Brisbane Lions roar their way to premiership glory, or will the Fremantle Dockers make history on football's biggest day?

Who are you backing? 🦁💜⚓

Our offices will be closed on Friday 25th September.

20/09/2026

CARD PAYMENT SURCHARGES ARE ENDING | 1 October 2026

Big changes are coming for Australian businesses.

From 1 October 2026, businesses will no longer be able to charge customers a surcharge for payments made by Visa, EFTPOS or American Express cards.

✅ What should businesses be doing now?

• Review whether you're currently applying card surcharges
• Speak with your payment provider about required system updates
• Update pricing displays, invoices and customer communications
• Consider whether your overall pricing strategy needs adjusting
• Ensure staff understand the new rules before they take effect

Need help understanding what these changes mean for your business profitability and pricing strategy? Our team is here to help.

📞 Contact us today to discuss your options.

17/09/2026

BUDGET BREAKDOWN | YOUR FAMILY HOME & THE NEW RULES

With negative gearing and capital gains tax changes on the horizon, a lot of homeowners are asking: what happens to my family home?

Here's what we know so far 👇

✅ Your principal place of residence is still fully exempt from capital gains tax — that hasn't changed.

✅ If you already owned your home before 7:30pm AEST on 12 May 2026, you may still be able to access current negative gearing arrangements if you later turn it into a rental — thanks to grandfathering provisions.

⚠️ Thinking of refinancing an existing investment property? Simply refinancing on similar terms shouldn't affect your grandfathered status — but restructuring or significantly increasing your borrowing could be treated differently.

📌 The detailed legislation is still being finalised, so treatment may evolve. If you're weighing up whether to sell, rent out, or refinance your home, now's the time to get advice tailored to your situation.

Our team is here to help you navigate the changes with confidence.

Budget Breakdown Edition 4: Principal Place of Residence by Financially Sorted | Sep 15, 2026 | Federal Budget, Property, Property Investment | 0 comments Recent changes to negative gearing and capital gains tax have raised questions about how the family home will be treated under the new rules. Whi...

17/09/2026

Did you know that not lodging a tax return can be a crime?

The ATO is cracking down on the shadow economy, which includes:

❌ Hiding income
❌ Asking for cash to avoid tax
❌ Not paying superannuation
❌ Operating outside tax rules
❌ Failing to lodge required returns

This isn't just about tax returns. It's about ensuring everyone plays by the same rules.

📈 Prosecutions for failing to lodge have increased significantly, and the ATO continues to focus on businesses and individuals deliberately doing the wrong thing.

✅ The good news? Most compliance issues can be addressed before they become major problems.

If you're behind on lodgements or unsure about your obligations, don't ignore it. Seeking advice early can make all the difference.

📞 Need help getting your tax affairs back on track? Get in touch with our team today.

11/09/2026

BUDGET BREAKDOWN | SMSF PROPERTY BORROWING ARRANGEMENTS

From 10 August 2026, SMSFs can no longer use new borrowing arrangements to purchase residential property. Existing loans are protected and can still be refinanced, while borrowing for eligible business real property may continue.

✅ Existing residential SMSF property loans remain unaffected
✅ Refinancing of existing LRBAs is still allowed
✅Commercial/business real property may still qualify
❌ New residential property purchases via SMSF borrowing are generally no longer permitted

If you're considering property investment through your SMSF, reviewing an existing loan, or exploring commercial property opportunities, it's important to understand how these changes could affect your strategy.

Budget Breakdown Edition 3: SMSF Property Borrowing Arrangements by Financially Sorted | Sep 1, 2026 | Federal Budget, Property Investment | 0 comments The rules around borrowing to purchase residential property through a self-managed super fund (SMSF) changed on 10 August 2026. From this date, SMSF...

06/09/2026

Happy Father’s Day to all the incredible dads, grandads, stepdads, father figures, and mentors who make a difference every day. 💙

Thank you for the love, guidance, strength, and support you give so generously. Today we celebrate you and all that you do for your families and communities.

Wishing you a wonderful day filled with love, laughter, and special memories. Happy Father’s Day!