Sullivans

http://sow.im/mis

ATO no longer treating debt the same as during COVID - Sullivans Pty Limited One expert has stressed the importance of tax agents reminding their clients that the ATO is no longer as lenient on tax debt collection as it was during the COVID-19 pandemic.

http://sow.im/mir

ATO’s LRBA data significantly less than industry figures - Sullivans Pty Limited There were nearly four times as many new residential loans written using limited recourse borrowing arrangements in FY2026 than the ATO’s data indicate, and the ban on LRBAs could have a greater impact on housing supply than the government suggests.

http://sow.im/mhy

Warning for early lodger this tax time! - Sullivans Pty Limited The ATO has a clear message this year: slow down and get it right. Early lodgers are far more likely to make mistakes.

http://sow.im/mhx

New deeming thresholds could deliver small part age pension - Sullivans Pty Limited Two significant deeming thresholds increased on 1 July 2026, the one at which the higher deeming rate of 3.25 per cent applies, and the income-free threshold at which income in excess of the threshold begins to reduce the maximum age pension amount.

http://sow.im/mha

Global companies turn to cost-cutting amid ongoing inflation - Sullivans Pty Limited Rising operating costs and persistent inflation are placing renewed pressure on businesses worldwide, despite signs that confidence is beginning to recover.

http://sow.im/mh9

Can I still get the Age Pension if my super is healthy? - Sullivans Pty Limited A healthy super balance doesn't always rule you out of the Age Pension

http://sow.im/mgp

Don’t get caught out at tax time with your multiples jobs - Sullivans Pty Limited Picking up a second job, holding multiple part-time roles, or doing gig work is now part of everyday life. But the way tax is withheld across multiple payers can lead to a surprise when you lodge your tax return.

http://sow.im/mgo

New to SMSFs? Start preparing for your first SAR lodgment - Sullivans Pty Limited New SMSFs that are required to lodge a self-managed super fund annual return by 31 October should start preparing now, the ATO said.

http://sow.im/mge

Does Your Small Business Need to Follow AML Privacy Rules? - Sullivans Pty Limited Compliance with new anti-money laundering (AML) laws may subject your small business to additional privacy obligations it did not face before.

http://sow.im/mgd

Contribution splitting now more valuable - Sullivans Pty Limited The introduction of Division 296 has highlighted the value of contribution splitting and increased the usefulness of account equalisation strategies for both lower and higher-balance members, SMSF Alliance principal David Busoli has stated.