Presidio Partners

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is acknowledged as an innovative boutique accounting firm, that provides exceptional professional services to clients, through considered advice and planning.

21/10/2026

💰 Good news for small businesses!

The $20,000 instant asset write-off is now permanent for eligible small businesses, providing more certainty when planning your next business investment.

✅ Available to eligible businesses with turnover under $10 million
✅ Applies to eligible assets costing less than $20,000 each
✅ Multiple assets can qualify
✅ Can include computers, tools, equipment, furniture and some business vehicles
✅ The business-use portion of the asset can be immediately deducted

📅 Timing matters: the asset generally needs to be first used, or installed ready for use, on or after 1 July 2026 to qualify under the new permanent rules.

Planning to invest in new equipment or technology? Get in touch with us to see how the rules could apply to your business.

13/10/2026

💸 Is “Set & Forget” Costing You More Than You Think?

Ever received a renewal notice, noticed the price has increased… and just paid it anyway?

You’re not alone. ASIC has highlighted that many Australians don’t actively review their insurance renewals or understand why premiums have increased.

And it’s not just insurance 👇

📱 Phone plans
🌐 Internet services
📺 Subscriptions
🏋️ Memberships
🚗 Insurance policies

Small price increases can be easy to overlook when payments happen automatically — but over time, they can add up.

🔎 Next time something renews, ask yourself:

✅ Do I still need it?
✅ Does it still suit my circumstances?
✅ Do I understand what I’m paying for?
✅ Has anything changed since I signed up?
✅ Is there a better option available?

Regular reviews aren’t just about saving money. They can help you understand your cash flow, spending habits and overall financial position.

💡 If you can’t remember the last time you reviewed your recurring expenses, it might be time to take a closer look.

07/10/2026

🚨 Think You Can Spot a Scam? What About Misinformation?

Most of us know to be cautious of suspicious texts, emails and calls claiming to be from the ATO. But not every costly mistake starts with a scam.

Sometimes, it starts with information that sounds convincing — but is simply wrong.

The ATO is warning that tax and super misinformation can spread through:
📱 Social media
🤖 AI-generated answers
🔎 Search results
🌐 Websites and online forums

Just because something appears at the top of Google or has been shared thousands of times doesn't mean it's correct — and online advice may not take your personal circumstances into account.

Before acting on something you've seen online, ask yourself:

✅ Can I verify this through an official source?
✅ Does it actually apply to my situation?
✅ Does it sound too good to be true?

💡 Not sure? Ask us before you act.

A quick conversation with your tax professional could save you time, money and a lot of stress later.

📞 The team at Presidio Partners is here to help you separate the facts from the fiction.

16/09/2026

💰 Have more than $3 million in super? A new tax may apply.

From the 2026–2027 financial year, Division 296 tax introduces an additional layer of tax for individuals with large superannuation balances.

Here’s the basic breakdown:

🔹 Up to $3 million: No Division 296 tax
🔹 Over $3 million: An additional 15% tax may apply to earnings attributable to the portion above $3 million
🔹 Over $10 million: A further 10% tax may apply to earnings attributable to the portion above $10 million

Importantly, the tax applies to large super balances in both accumulation and retirement phase.

📌 Division 296 tax is assessed personally by the ATO, separately from the tax already paid by your super fund. You may be able to pay the tax personally or elect to release money from your super to cover it.

The calculation can be complex, particularly for SMSFs and certain defined benefit interests.

⚠️ If your super balance is approaching or above $3 million, now is the time to understand how these rules could affect your retirement strategy.

💡 Speak with the Presidio Partners team before making major decisions about your super. We can help you understand the potential tax implications and plan ahead.

09/09/2026

🏠 Have a mortgage offset account? It’s worth checking.

You might have an offset account to save interest on your home loan — but ASIC has found that some offset accounts aren’t being linked or managed correctly.

ASIC reviewed more than 204,000 loans across eight major banks and found issues including accounts that were opened but never linked to the correct home loan.

💡 Take a few minutes to check:

✔️ Your offset account is linked to the right home loan
✔️ The balance is being applied correctly
✔️ The applicable offset percentage matches your loan terms
✔️ Your recent statements look right
✔️ Your offset is still linked if you’ve refinanced or changed loan products

⚠️ If something doesn’t look right, contact your bank and ask them to investigate.

A quick check could help make sure your money is actually working to reduce your home loan interest.

03/09/2026

🏠 Working From Home? Be Careful What You Claim!

The ATO is reminding taxpayers that rent, mortgage interest and other occupancy costs aren’t automatically deductible just because you work from home.

💻 Running expenses may include:
✔️ Heating, cooling & lighting
✔️ Internet & phone costs
✔️ Stationery & computer consumables
✔️ Office furniture or equipment

These can generally be claimed where you’re working from home as part of your employment, you incur additional costs and you have the right records.

🏡 Occupancy expenses such as rent, mortgage interest, council rates and home insurance are different. Employees can rarely claim these unless their home work area has the character of a place of business.

⚠️ If you are eligible to claim occupancy expenses, you’ll need to apportion the costs between work and private use. There can also be capital gains tax implications when part of your home is treated as a place of business.

💡 Not sure what you can claim? The team at Presidio Partners can help you get your work-from-home deductions right.

12/08/2026

💼 Working More Than One Job? Don't Let Tax Time Catch You Out.

Whether you're juggling multiple jobs, earning extra income from a side hustle, or driving for a rideshare app, it's important to understand how your tax is being withheld.

⚠️ A common mistake is claiming the tax-free threshold from every employer. While it may mean more money in your pocket during the year, it could also leave you with an unexpected tax bill when you lodge your return.

Here's how to stay on track:
✅ Generally, only claim the tax-free threshold from your main employer.
✅ Set aside money if you earn income where tax isn't automatically withheld.
✅ If you have a HECS/HELP loan, let each employer know so the correct amount is withheld.

A little planning now can help you avoid an unwelcome surprise at tax time.

💡 Unsure if you're paying the right amount of tax? The team at Presidio Partners can help you get it right.

03/08/2026

🚨 Tax Hacks? Think Twice.

If you're getting tax advice from social media, AI or a well-meaning friend, be careful. The ATO has warned it's keeping a close eye on incorrect claims this tax time.

👀 This year's focus includes:
✅ Work-related expenses – You can only claim expenses that are directly related to earning your income, you paid for yourself, and you have records to support.
✅ All income must be declared – This includes side hustles, rental income, bank interest and other earnings. The ATO's data-matching systems make it easier than ever to spot missing income.

⚠️ Remember: You're responsible for what's in your tax return—even if the advice came from social media, AI or someone you trust.

The good news? There are plenty of legitimate deductions available if you know what you're entitled to claim.

💡 Before you lodge, speak with the team at Presidio Partners. We'll help you maximise your refund while keeping your return accurate and ATO-compliant.

29/07/2026

⏳ Thinking of lodging your tax return early? You might want to wait.

You may be tempted to lodge your tax return early in the new financial year to tick that job off the list, or to chase a refund to help with cost of living pressures. However, the ATO has a clear message this year: slow down and get it right. Early lodgers are far more likely to make mistakes, but patience and taking time to get all your financial information together usually leads to a smoother result.

✅ Waiting until later in July onwards gives your return the best chance of being pre-filled with the correct information, helping you avoid delays, amendments and unnecessary stress.

While you wait, you can:
✔️ Check your bank and contact details are up to date.
✔️ Gather your receipts and records.
✔️ Review the deductions you may be entitled to.
✔️ Download the ATO app to keep track of your tax information.

💡 Even when your return is pre-filled, always check the information against your own records before you lodge.

Need help getting your tax return right the first time? The team at Presidio Partners is here to help.

22/07/2026

📱 Getting Financial Advice from Social Media? Read This First!

Social media can be a great place to learn about money, but not everything you see is accurate—or legal.

ASIC has recently warned several "finfluencers" for allegedly providing unlicensed financial advice, reminding Australians to think carefully before acting on online investment tips.
🚩 Watch out for red flags like:
• Promises of guaranteed or risk-free returns
• Pressure to invest quickly
• "Get rich quick" claims
• Investment recommendations without knowing your personal situation
• Content that ignores the risks
Remember, what works for someone else may not be right for you. Your income, goals, family situation and risk tolerance all play a part in making good financial decisions.
💡 Use social media as a source of general education—not personalised financial advice. Before making important financial decisions, speak with a qualified professional who understands your circumstances.

Need advice you can trust? The team at Presidio Partners is here to help. Get in touch with the Presidio Partners team today!

Address

Lvl 2, 222 Pitt Street
Sydney, NSW
NSW

Telephone

+61292831777

Website

http://www.presidiopartners.com.au/

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