BK Partners

20/05/2026

📢 The Federal Budget has introduced a number of proposed tax changes that may impact both individuals and businesses.

We’ve prepared a concise overview of the key measures announced so far — and what they could mean for taxpayers and business owners.

Our latest article covers:
• Proposed tax changes for individuals and businesses
• Early insights into potential implications

Read the full summary here:

Specialist accounting & advice for small to medium business

16/04/2026

A recent ATO audit left a business with a $938,000 tax bill—all due to non-compliant vehicle logbooks.

If you’re claiming car expenses, it’s worth asking: would your records hold up under scrutiny? With many logbooks now expiring in 2026, it’s an ideal time for a quick check.

👉 Read more and ensure your records are compliant:

Specialist accounting & advice for small to medium business

23/03/2026

If you’re considering downsizing your family home, you may be able to contribute some of the sale proceeds into your superannuation.

Unlike most super contributions, a downsizer contribution is exempt from the usual contribution caps and limits, making it an effective way to increase your retirement savings.

In our latest article, we're discussing:
→ how a downsizer contribution can strengthen your retirement savings while potentially minimising your taxable income
→ who may benefit and what the eligibility criteria includes.

Read the full article here:

Specialist accounting & advice for small to medium business

23/02/2026

Own a holiday rental? New ATO guidance may impact your deductions. 🏡

From 1 July 2026, properties that are not genuinely available for public rental — or are used primarily for personal purposes — may no longer qualify for rental expense deductions under updated guidance from the Australian Tax Office.

Here's what you need to know about the proposed updates:

Specialist accounting & advice for small to medium business

29/01/2026

From 1 July 2026, the Payday Superannuation legislation will come into effect.

What does this mean for employers?
Employers will be required to pay their employees’ superannuation at the same time as their wages.

Here's how you can ensure your business is ready:

Specialist accounting & advice for small to medium business

19/12/2025

As the end of 2025 approaches, we're pleased to be finishing up another busy year here at BK Partners.

We'll be taking a short break over the festive season and our office will be closing from Tuesday 23rd December, and re-opening on Monday 5th January, 2026.

From our team, we wish you all a happy and safe holiday season and look forward to working with you in 2026!

26/11/2025

Tax implications of selling depreciating assets: what you need to know

When selling assets (such as vehicles or equipment), people can be surprised to learn that tax may be payable on the sale, even when trading an asset for a similar one.

Why might tax obligations arise in these circumstances? Here's what you should know about depreciation rules 👇

Specialist accounting & advice for small to medium business

27/10/2025

Division 7A tax rules can be complex to navigate as a business owner.
However, it’s important to ensure your business is compliant to prevent unexpected tax consequences.

In our latest article, we explain how Division 7A loans could impact your business and share insights on managing these scenarios.

Read more 🔗 https://www.bkpartners.com.au/news-articles/taxation-and-advice/what-is-division-7a

Need help navigating this? Contact us: https://www.bkpartners.com.au/contact-us

24/09/2025

When the time comes to prepare your superannuation for inheritance purposes, it is important to understand the tax implications that can apply to payments to your loved ones.

Read our latest article to learn how you can minimise the “death tax” and plan for optimal inheritance benefits for your family: https://www.bkpartners.com.au/news-articles/smsf-and-superannuation/is-there-tax-on-your-superannuation-when-you-die-the-death-tax-explained

23/07/2025

What do we know about the $3 million superannuation tax change?

There has been increased attention on the government's proposed superannuation tax change. In our latest article, we outline:

→ How the tax change will be applied to superannuation
→ Who is most likely to be impacted by this legislation
→ What the increase in tax payable actually looks like for various superannuation balances

Read the article: https://www.bkpartners.com.au/news-articles/smsf-and-superannuation/proposed-3-million-superannuation-changes