Division 7A Loans and TD 2025/6: What Business Owners Need to Know
October 20, 2025
The Australian Taxation Office (ATO) has released Taxation Determination TD 2025/6, which directly affects Division 7A loans, interposed entity arrangements, and loan guarantees. With retro...
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ATO Finalises New Effective Life Determination for Depreciating Assets – 2025 Update
October 16, 2025
The Australian Taxation Office (ATO) has released a new legislative instrument that finalises the effective life of certain depreciating assets for tax depreciation purposes.
The new det...
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Simplified Accounting Method for Food Retailers – GST Updates from 9 September 2025
October 16, 2025
The Australian Taxation Office (ATO) has confirmed that eligible food retailers, such as small supermarkets and convenience stores, can continue to use the Simplified Accounting Method (SAM...
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Family Trust Distribution Tax (FTDT) – Key Updates and Solutions for Trustees
October 2, 2025
The Family Trust Distribution Tax (FTDT) remains a significant concern for trustees and advisers, especially with the Tax Avoidance Taskforce Trusts Program prioritising FTDT compliance. Un...
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Understanding Director Penalty Notices (DPNs): What You Need to Know
August 5, 2025
If you are a company director in Australia, it’s crucial to understand the implications of a Director Penalty Notice (DPN). At Gavin Ma & Co Accountants, we help business owners navig...
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GST on Frozen Foods: ATO Finalises Position Following Simplot Decision
July 31, 2025
The Australian Taxation Office (ATO) has released a Decision Impact Statement (DIS) following the Federal Court's ruling in Simplot Australia Pty Limited v FCT [2023] FCA 1115. This case fo...
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CGT Event K6: ATO Clarifies Tax on Pre-CGT Shares and Trust Interests
July 31, 2025
The Australian Taxation Office (ATO) has released a significant Addendum to Taxation Ruling TR 2004/18, providing updated guidance on CGT event K6 under section 104-230 of the Income Tax As...
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Government Announces Major Student Debt Relief: What It Means for You
July 31, 2025
In a landmark move fulfilling a key election promise, the Australian Government has introduced new legislation designed to ease the burden of student debt. The Universities Accord (Cutting ...
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ATO Releases Reasonable Travel and Overtime Meal Allowance Rates for 2025–26
July 3, 2025
The Australian Taxation Office (ATO) has issued Taxation Determination TD 2025/4, outlining the reasonable travel and overtime meal allowance amounts for the 2025–26 income year. These be...
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Division 7A Benchmark Interest Rate for 2025–26: What Has Changed?
June 25, 2025
If your private company provides loans to shareholders or their associates, Division 7A of the Income Tax Assessment Act 1936 is likely on your radar. A key part of Division 7A compliance i...
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