Business Solutions

The ATO will now take credit cards until 30 June 2027, not 30 November. Which BAS you can still pay by card, what to do with a payment plan linked to a card, and how to use the extra eight months.

Party, gift or cash bonus: each is taxed differently. The $300 minor benefit test, why a hamper stays deductible but tickets don’t, and the 12% super now due on a Christmas bonus under Payday Super.

Sold an apartment overseas while an Australian tax resident? The gain goes in your 2025-26 return, usually starting from the market value on the day you became a resident, with each amount converted on its own date.

Working overseas but kept a home, car or bank account in Australia? On 4 September 2026 the Federal Court upheld a finding that an engineer based in Dubai for five years stayed an Australian tax resident under the domicile test.

Division 293 tax is an extra 15 per cent on super contributions once your income and concessional contributions pass $250,000. It is assessed separately from your return, so the notice lands later, once your fund has reported. The threshold has not moved since 2017-18, and the 60 days to elect a release from super is not an extension of the due date.

Treasury released the draft legislation for the 30 per cent minimum tax on discretionary trusts on 3 September 2026, and submissions close on 18 September. The rate and the 1 July 2028 start date were already known. What is new is a third option: a trust in existence at 1 July 2028 can elect to make fixed distributions to pre-nominated beneficiaries and avoid the minimum tax, with no restructure and no stamp duty expected. One condition cancels it, and revocation costs a year at the top marginal rate plus Medicare levy.