With the 2025 tax season fast approaching the Australian Taxation Office (ATO) is reminding taxpayers to be careful when claiming work related expenses. This is in reaction to a spate of claims that didn’t quite pass the ‘pub test’.

As the Labor party settle back into their seats having secured a majority in the House of Representatives, we look at the campaign promises and the unfinished business from the last term.

It has been a long time coming, but the Government finally passed legislation increasing the instant asset write-off threshold for the year ending 30 June 2025 to $20,000.

With the end of the financial year fast approaching we outline some opportunities to maximise your deductions and give you the low down on areas at risk of increased ATO scrutiny.

In the 2025-26 Federal Budget the Government announced a ban on non-compete clauses and “no poach” agreements.

The amount of money that can be transferred to a tax-free retirement account will increase to $2m on 1 July 2025.

On the last sitting day of Parliament, the personal income tax rate reduction announced in the 2025-26 Federal Budget was confirmed.

Global Google searches for the word “tariffs” spiked dramatically between 30 January and 2 February 2025, a +900% increase to the previous 1

The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees.

The Government has announced a temporary ban on investors buying established homes between 1 April 2025 to 31 March 2027.

The amount of money that can be transferred to a tax-free retirement account will increase to $2m on 1 July 2025.

Succession planning, and the tax risks associated with it, is our number one focus in 2025.