02/09/2026
The ATO is warning rental property owners that expenses shown in property manager reports may not always be classified correctly for income tax purposes.
Have a read about it in our latest blog: https://t.ly/RTnEw
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27/08/2026
The Government has also recently introduced legislation to re-introduce the 'loss carry back' measure for companies from 1 July 2026.
Have a read about it in our latest blog: https://t.ly/wSjX-
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25/08/2026
The ATO has identified that some taxpayers are incorrectly claiming rent, mortgage interest and other occupancy expenses as part of their work-from-home expenses.
Have a read about it in our latest blog: https://t.ly/wZDbF
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19/08/2026
Changes to car thresholds from 1 July 2026
The car limit for the 2027 income year is $69,883.
Have a read about it in our latest blog: https://t.ly/j1-Fs
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05/08/2026
The Government has recently introduced legislation that would make the $20,000 instant asset write-off permanent for small businesses (as announced in the 2026 Federal Budget).
Have a read about it in our latest blog: https://t.ly/qIub4
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09/07/2026
Celebrating the end of financial year at Lotus in style - with great food, delicious cocktails and even better company! Hereโs to reflecting on the year, appreciating the team and stepping into the new financial year with fresh energy! ๐ฅ
15/06/2026
Our team just wrapped up two full days at the NTAA Tax School 2026, and weโre buzzing with insights! The National Tax & Accountantsโ Association delivered a packed program covering the latest tax updates, practical strategies, and real-world scenarios we can put to work for our clients right away. Continuous learning is part of our DNA, and sessions like this help us deliver clearer advice, faster turnarounds, and better outcomes.
Need help navigating the latest tax changes? Send us a message or book a chat โ weโre here to help.
31/03/2026
Another Fringe Benefits Tax year comes to an end this Tuesday 31 March 2026.
Businesses that provide employees with private use of a motor vehicle may have to pay fringe benefits tax. You will need to obtain and take note of the odometer reading/s at 31 March 2026 as this is a FBT reporting requirement.
Weโll be in touch with clients who may be required to lodge a return for the 2026 FBT in the coming weeks.
If you have any questions about your FBT requirements, please get in touch with us.