Taxgate Accountants

04/03/2026

SMSF Tax Tip – Stay Compliant & Maximise Your Super

If you have a Self-Managed Super Fund (SMSF), remember that all contributions must be properly documented and reported before 30 June to claim a tax deduction.
- Ensure contribution caps aren’t exceeded
- Keep clear records of member contributions
- Review your investment strategy regularly
- Lodge your SMSF annual return on time

Breaching contribution caps or compliance rules can result in penalties from the Australian Taxation Office — so it pays to stay organised.
Not sure if your SMSF is on track? Reach out to our team for guidance and peace of mind.

24/02/2026

FBT Year is Almost Over – Time to Plan!

The Fringe Benefits Tax (FBT) year ends on 31 March – that means now’s the perfect time to review your benefits and plan ahead.
By taking action before the year ends, you could:
• Reduce your FBT liability
• Maximise tax-effective benefits for your employees
• Ensure everything is compliant with the ATO

Don’t leave it to the last minute – let us help you make the most of your FBT planning today!

24/02/2026

From 1 July 2026, big changes are coming to super payments
The Australian Government is introducing Payday Super, meaning employers will need to pay super at the same time as wages — not quarterly anymore.
Currently, super must be paid at least every 3 months.
From 1 July 2026, super contributions must be paid on payday so they reach employees’ nominated funds within 7 business days (with limited exceptions, such as new employees).
The Australian Taxation Office will oversee and enforce these new rules.

What this means for employers:
- Review your payroll systems
- Check your cash flow processes
- Speak with your accountant or payroll software provider
- Start preparing now, not next year

This is a significant compliance change, and planning early will help avoid penalties and last-minute stress.
If you’d like help preparing your business for Payday Super, get in touch with our team, we’re here to make the transition smooth and simple.

19/12/2025

As we come to the end of another year, we would like to take this opportunity to sincerely thank all of our clients for your continued trust and support throughout the year.

It has been a pleasure working with you and supporting you with your financial needs.

We wish you and your family a very Merry Christmas and a safe, relaxing holiday season. We hope this time gives you the chance to unwind, spend time with the loved ones, and reflect on the year that has been.

Thank you once again for choosing Taxgate Accountants. We look forward to working with you again in the new year and continuing to support you in achieving your financial goals.

Warm wishes from all of us at Taxgate Accountants!

18/12/2025

STRUGGLING TO DO YOUR LODGEMENTS ON TIME?
Don’t stress, we’re here to help.

Things unscheduled happen, we understand that!
If you’re unable to lodge by the due date, contact our office and we can liaise with the ATO on your behalf to request additional time.

Getting it done early can help reduce penalties and give you peace of mind too.
We are just a call away. 1300 829 365. or send us a message.

09/12/2025

🎉 Want to start your own business in the New Year? 🎉

If starting your own business is part of your New Year’s resolutions, now is the perfect time to begin!
Start the process today and you’ll be fully set up, compliant, and ready to hit the ground running on 1st January.
Don’t wait until the New Year to take action — let’s build your fresh start now so you can begin 2026 with confidence and momentum.

Set up an appointment to get started!
Call us on 1300 829 365
A new beginning for your new endeavour starts here.

03/12/2025

Tax Tip of the day!

If you own a rental property, one of the biggest money-saving opportunities is claiming depreciation appropriately. Because clients lack a competent depreciation schedule, many landlords lose out on thousands of dollars annually.

Depreciation allows you to claim the wear and tear on things like carpets, appliances, blinds, hot water systems and even the building itself. These deductions can drastically reduce your taxable income and enhance your cash flow.

Even though our accountants can do the depreciation themselves, for some properties, using a quantity surveyor works out to be cost effective. For a brand-new property, a quantity surveyor prepared schedule usually lasts 40 years and for other properties, it can be used year after year until the useful life of the building and property, plant and equipment ends.

Want assistance knowing what you can claim? Send us a message, we’re here to help you maximise your investment!

01/12/2025

If your taxable income, reportable fringe benefits, net investment loss and concessional super contributions combined exceed $250,000, you may be hit with Division 293 tax, which adds an extra 15% tax on the excess over the threshold or taxable super contributions, whichever is lower.

✔️ Why it matters:
You will be paying an extra tax!

✔️ What you can do:

Keep an eye on your total income + employer super contributions. Do tax planning to minimize or avoid paying extra money legally.

Consider salary sacrifice arrangements if possible.

Best action you can take is to speak to your accountant to plan ahead and avoid surprises.

Staying proactive can help you manage the additional tax and keep your super and investment strategies on track!

17/11/2025

Tax Tip of the Day!

If you donate to a registered Deductible Gift Recipient (DGR) charity, you can claim those donations as a tax deduction — even small ones!

Eligible donations include:
🤝 Cash contributions
📚 Books or items donated to approved organisations
🎟️ Fundraising event contributions (in some cases)

To claim:
✔️ Make sure the charity is DGR-registered
✔️ Keep your donation receipts
✔️ Claim the amount in your tax return under “Gifts & Donations”

17/11/2025

10/11/2025

It’s time to lodge your GST RETURN! 💼

The due date is 25 November, so there’s still time to get everything sorted.

✅ Lodge through us, and we’ll make sure your BAS is accurate and submitted on time — NO STRESS, NO LATE FEES!

Don’t leave it to the last minute — let’s get it done together. ⏰

📞 Get in touch today to have your GST returns lodged before the deadline!

www.taxgate.com.au or call 1300 829 365