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The 30 June tax planning checklist
Almost everything that reduces your tax has to happen before 30 June. A practical checklist for individuals and businesses — super, timing, CGT, trust resolutions and Division 7A.
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Super contribution caps 2026–27 and the carry-forward rule most people miss
The concessional cap rose to $32,500 on 1 July 2026. How to claim a personal contribution as a deduction, and why carry-forward matters most in the year you have a capital gain.
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Overdue tax returns: what it costs to leave them, and how to fix it
The failure to lodge penalty is up to $1,820 per return from July 2026 — but many long-overdue returns produce a refund. What the ATO actually does, and how catching up works.
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Depreciation schedules: when they’re worth it and when they’re not
A depreciation schedule is one of the most underclaimed property deductions — but the May 2017 second-hand asset rule decides whether yours is worth ordering. Plus a $400 referral option.
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Loan structuring, offset accounts and why the setup matters more than the rate
Interest deductibility follows the use of the funds, not the security. Why an offset account and a redraw facility produce completely different tax outcomes, and how our lender referrals work.
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Asset protection for small business owners: what works and what doesn’t
Separating trading risk from valuable assets, what trusts actually do, and why timing matters more than structure. Plus the tax trade-offs of each option.
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Division 7A pitfalls: taking money out of your own company
The shareholder loan account that grows quietly all year is the most common Division 7A problem. Benchmark rate 8.77% for 2026–27, the lodgement day deadline, and the six traps that cost the most.
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Working from home: running expenses vs occupancy expenses (and the CGT sting)
Running expenses are safe to claim. Occupancy expenses — rent, mortgage interest, rates — have a high bar and can cost you part of the tax-free sale of your home.
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FBT traps that catch small employers
FBT is 47% on the grossed-up value and the year ends 31 March, not 30 June. The five traps that catch small employers most often, with the current rates and thresholds.
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Work-related deductions: the three rules every claim has to pass
What you can and cannot claim as a work-related deduction, why the $300 rule is not a free $300, and the claims the ATO refuses most often.
Tax Tips
Plain-English tax articles from a Chartered Accountant and Registered Tax Agent. Deductions, rental property, crypto, super and small business obligations — with every figure sourced from the ATO.
Samrat Sharma & Associates 