Thinking about entering the management rights industry? A free upcoming Brisbane event is set to provide valuable insights for both first-time buyers and experienced operators looking to better understand the current market.

Discover Management Rights Brisbane: 360° Insights for Every Buyer

This free industry event brings together some of Queensland’s most respected management rights specialists for an informative morning session covering finance, legal considerations, compliance, valuations, market conditions and buyer expectations.

Holmans is proud to be part of the expert panel, with Chantel Duplessis presenting on accounting and taxation considerations within the management rights industry. Chantel will provide practical insights into financial structures, taxation obligations and key accounting factors buyers should understand before purchasing a management rights business.

What Attendees Will Learn

• Current management rights market conditions and buyer expectations
• Finance, accounting and taxation considerations
• Legal, compliance and valuation insights
• How to better understand management rights business structures
• Key considerations when assessing opportunities
• Exclusive Brisbane listings presented publicly for the first time

Expert Industry Panel

• Trent Pevy – Pevy Lawyers
• Chantel Duplessis – Holmans Accountants
• Cameron Wicking – Mike Phipps Finance
• Mike O’Farrell – MLR Services
• Trevor Rawnsley – ARAMA
• Victor James – Validum

Prize Draw

Every registered attendee will go into the draw to win 2 x MRITP Course places with ARAMA, providing valuable industry training for those considering a future in management rights.

Event Details

• Date: Saturday 30 May 2026
• Time: 9:00 AM – 11:30 AM AEST
• Venue: Full Moon Hotel Sandgate
• Address: 118 Eagle Terrace, Sandgate QLD 4017
• Cost: Completely Free
• Refreshments: Morning Tea Provided
• Parking: Ample Parking Available

Whether you are just beginning to explore management rights or actively searching for the right opportunity, this event offers valuable insights from some of the industry’s leading professionals.

Disclaimer: This article contains general information only. Regrettably, no responsibility can be accepted for errors, omissions or possible misleading statements or for any action taken as a result of any material in this guide. It is not designed to be a substitute for professional advice, as such a brief guide cannot hope to cover all circumstances and conditions applying to the law as it relates to these items.

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Thinking about entering the management rights industry?

The upcoming Management Rights Made Easy Seminar on the Gold Coast is designed to provide an expert introduction to one of Australia’s most established accommodation and property investment sectors.

Hosted by ResortBrokers, the seminar will bring together leading specialists across sales, finance, accounting, legal, and training to help prospective buyers better understand how management rights businesses work and what to consider before entering the industry.

Seminar details:

• Date: Saturday 6 June 2026
• Time: 9:00am – 12:00pm
• Location: RACV Royal Pines, Gold Coast
• Address: Ross Street, Benowa QLD 4217

Fully catered morning tea will be provided, with limited spaces available.

Why management rights continue to attract buyers

Management rights businesses continue to attract strong interest from Australians looking for a combination of business ownership, lifestyle flexibility, and investment potential.

These businesses can provide:

• Strong recurring income streams
• Long-term agreements
• The opportunity to live onsite
• Lifestyle benefits in desirable locations
• Established operational systems
• Potential for long-term growth

For many buyers, management rights offer an appealing pathway into business ownership while living in sought-after regions such as the Gold Coast.

What attendees will learn

The seminar is designed to provide practical insights into the management rights industry, including:

• What management rights are and how they operate
• Why they are often considered secure, low-risk businesses
• The differences between holiday and permanent complexes
• Current opportunities in the Gold Coast market
• Finance structures and lending considerations
• Business structuring and taxation considerations
• Legal due diligence and contract pitfalls
• Training and licensing requirements

Meet the expert panel

ResortBrokers

Todd Warner, Clint Amos, and Nathan Bock are ResortBrokers’ Gold Coast management rights sales specialists. As market leaders in management rights sales, the team has handled numerous transactions across both holiday and permanent complexes.

The ResortBrokers team will provide current market insights and discuss where they believe the strongest investment opportunities currently exist.

Mike Phipps Finance

With more than 30 years of experience in accommodation industry finance, Mike Phipps Finance is recognised as one of Australia’s leading finance specialists in the sector.

Paul Grant will discuss the current state of the management rights industry, available finance options, and insights into lending considerations specific to management rights businesses.

Holmans Accountants

Holmans has conducted income verification reports for buyers on hundreds of management rights businesses across Australia.

Lel Parnis will provide practical insights into analysing profit and loss statements, understanding business performance, and structuring a management rights business effectively from an accounting and taxation perspective.

Pevy Lawyers

Pevy Lawyers acts for a significant number of new entrants into the management rights industry.

Amy McKee will discuss the importance of specialist due diligence when purchasing a management rights business, along with key pitfalls buyers should avoid throughout the contract and settlement process.

Validum Group

Victor James Pisanos from Validum Institute will provide information around training and licensing pathways within the real estate and property management industry.

Established in 2016, Validum Institute delivers online and blended learning courses across property services, sales, and property management.

An opportunity to learn from industry specialists

For anyone considering entering the management rights industry, seminars such as this can provide valuable real-world insights before making a major financial commitment.

Understanding the financial, legal, operational, and market aspects of management rights is an important part of making informed business decisions.

At Holmans, we continue to work closely with management rights buyers and operators across Australia, helping clients better understand financial performance, taxation considerations, and business structuring opportunities within the industry.

Disclaimer: This article contains general information only. Regrettably, no responsibility can be accepted for errors, omissions or possible misleading statements or for any action taken as a result of any material in this guide. It is not designed to be a substitute for professional advice, as such a brief guide cannot hope to cover all circumstances and conditions applying to the law as it relates to these items.

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ATO Targets Tradies and Professional Services

The Australian Taxation Office (ATO) has flagged the construction industry and the professional services sector for closer review. Here’s what small businesses should know.

Industries Under the Microscope

• Construction and professional services
  These sectors (tradespersons and professional services such as engineers, consultants, and accountants) are seeing recurring compliance issues with reporting and record keeping.

Common Tax Issues

• Incorrect income reporting
  Omitting sales or under-declaring income in BAS and tax returns remains a frequent error.
• Overclaimed expenses
  Private or personal costs are being claimed as business deductions when they shouldn’t be.
• GST mistakes
  Businesses are missing GST registration when required, or overclaiming GST credits.
• R&D Tax Incentive (R&DTI) errors
  Claims are being made for activities that don’t meet eligibility criteria or lack proper documentation.

Key ATO Warnings

• Closer monitoring
  The ATO is watching closely and will apply penalties and interest where errors are found.
• Amendments and audits
  You may be asked to amend returns or face an audit if reporting doesn’t align with records.
• Seek help early
  If you’re struggling to meet obligations, get assistance from a registered tax agent, a business adviser, or the ATO.

What the ATO Expects

• Report all business income
  Ensure no jobs, invoices, or deposits are left out of BAS and tax returns.
• Claim only legitimate business expenses
  Keep personal and business costs separate and substantiate deductions.
• Maintain complete records
  Keep full and accurate documentation, especially for R&D activities and expenses.
• Register for GST when required
  Register once your turnover exceeds the $75,000 threshold (or earlier if applicable).

Small Business Growth and Complexity

• Obligations increase as you grow
  Tax and super become more complex, particularly for businesses with $1 million–$10 million turnover.
• Accuracy matters
  Take extra care with income, deductions and offsets as your operations expand.

In Short

• Now is the time to review
  Double-check your reporting, record keeping and R&D claims—the ATO is paying attention, and strong documentation is your best defence.

Disclaimer: This article contains general information only. Regrettably, no responsibility can be accepted for errors, omissions or possible misleading statements or for any action taken as a result of any material in this guide. It is not designed to be a substitute for professional advice, as such a brief guide cannot hope to cover all circumstances and conditions applying to the law as it relates to these items.

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ATO payday super SBSCH closure 2026 – what employers need to know

The ATO payday super SBSCH closure 2026 is approaching. Small businesses that use the Small Business Superannuation Clearing House (SBSCH) should prepare now. The free service ends on 1 July 2026. In addition, new registrations close on 1 October 2025.

The SBSCH lets employers make one quarterly super payment, and it then distributes funds to each employee’s super fund. However, payday super will align contributions with wages. As a result, payments will be more frequent and the SBSCH model will no longer fit.

Why the SBSCH is closing

Payday super aims to reduce unpaid and late super. Therefore, employers will be required to pay super at the same time as wages. This shift moves SG from quarterly batching to pay-cycle payments. Consequently, the SBSCH becomes redundant, and the ATO payday super SBSCH closure 2026 will take effect.

What changes on 1 July 2026

• Employers will have seven days after each payday to ensure SG contributions reach the nominated super fund.
• Quarterly batching through the SBSCH will cease. This means super payments will be tied directly to pay runs.
• Payments will move into payroll software, commercial clearing houses, or services offered by super funds. As a result, payroll systems will become central to SG compliance.

Industry concerns and timing

Many support the reform because it can improve retirement outcomes. Even so, business and accounting groups have raised timing issues. Weekends, public holidays, and clearing house processing may tighten the seven-day window. For this reason, some suggest a phased approach to help small businesses adapt before the full effect of the ATO payday super SBSCH closure 2026. In contrast, superannuation industry groups argue the sooner it starts, the sooner employees benefit.

How to prepare now

• Review your current SG workflow and note what must change when payday super starts. This step ensures you can act early rather than rush at the deadline.
• Confirm your payroll software can calculate and pay SG each pay run, and check how it remits to funds. Many software packages will still be working on their solution at the moment.
• Compare commercial clearing houses and super fund payment services for cost, integration, and processing times. Choose the most efficient option for your business.
• Closer to the effective time, update payroll calendars, cut-off times, and approvals so contributions are initiated within seven days. In addition, factor in public holidays and weekends when scheduling pay runs. Holmans would recommend payment on the same day as wages with little or no delay.
• Brief your payroll team and bookkeeper. Also, update procedures, checklists, and reminder tasks to reinforce the new requirements.
• Monitor cash flow carefully. Since you will be paying per pay cycle rather than quarterly, this will change the timing of outgoings.

Key dates at a glance

• 1 October 2025: New registrations for the SBSCH close. Therefore, no new users will be able to access the system from this date.
• 1 July 2026: SBSCH closes and payday super begins. Consequently, SG must be paid within seven days of each payday.

Need help with compliance and setup?

The ATO payday super SBSCH closure 2026 will arrive faster than you think. Don’t wait until the deadline to find out your systems aren’t ready. Of course, our team at Holmans can guide you through every step — from planning your transition and configuring payroll software to implementing efficient, compliant payment workflows. Contact us today to ensure your business is ready to meet the new superannuation guarantee obligations from day one.

Disclaimer: This article contains general information only. Regrettably, no responsibility can be accepted for errors, omissions or possible misleading statements or for any action taken as a result of any material in this guide. It is not designed to be a substitute for professional advice, as such a brief guide cannot hope to cover all circumstances and conditions applying to the law as it relates to these items.

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Maximising Rental Property Deductions:
What You Can (and Can’t) Claim

Owning a rental property can be a great way to build wealth, but it also comes with a range of tax responsibilities. As a landlord, understanding what you can and can’t claim as a deduction is key to maximising your return while staying on the right side of the ATO.

The Australian Taxation Office (ATO) has clear guidelines around rental income and allowable deductions. Here’s what you need to know.

Declare All Rental Income

Before diving into deductions, it’s important to understand that all rental-related income must be declared. This includes:

• Rent received from tenants
• Rental bond money retained (e.g. for damage or unpaid rent)
• Insurance payouts related to the rental
• Reimbursements for expenses (like water or electricity)
• Government rebates or grants
• Income from short-term rental platforms (such as Airbnb or Stayz)

Whether you’re renting out a property long-term or casually letting it during holidays, income must be reported in your tax return for the year it was received.

What Can You Claim as a Deduction?

Here are some of the most common deductible expenses landlords can claim:

1. Interest on Loans – You can claim the portion of interest paid on your loan used to purchase, renovate, or maintain the property (but not the principal).
2. Council Rates and Water Charges – If you pay these costs as the landlord, they are deductible.
3. Repairs and Maintenance – Costs for fixing damage or wear and tear from tenants are deductible. However, improvements or renovations are treated differently.
4. Property Management Fees – Including agent commissions, advertising for tenants, and legal expenses related to leases.
5. Depreciation – On eligible assets like appliances, carpets, and hot water systems, using a quantity surveyor’s depreciation schedule.
6. Insurance Premiums – Including building, contents, and landlord insurance.
7. Travel Costs – If you incur travel costs for inspections or maintenance, these are no longer deductible for most individuals from 1 July 2017 (with some exceptions for corporate landlords).
8. Pest Control, Cleaning, and Gardening – Necessary upkeep expenses can be claimed, provided they are directly related to the property’s rental.

Be Careful with Capital Works and Improvements

It’s important to distinguish between repairs and capital improvements. While repairs can be claimed immediately, improvements—like replacing a kitchen or adding a deck—must be claimed over several years through capital works deductions. This is a common area where landlords get tripped up.

Part-Year or Private Use? Adjust Accordingly

If the property was only rented for part of the year or used personally at any time, you can only claim deductions for the portion of the expenses that relate to the rental period. Likewise, if you rent out part of your home (e.g. a room or granny flat), you must apportion expenses fairly.

Keep Records

To back up your claims, keep detailed records of all income, expenses, contracts, and receipts. The ATO requires records to be kept for at least five years, and being able to substantiate claims is crucial in the event of an audit.

By understanding your obligations and entitlements, you can make your investment work harder for you—both at tax time and over the long term.

Speak to your accountant to ensure your rental property deductions are accurate, compliant, and fully optimised.

Disclaimer: This article contains general information only. Regrettably, no responsibility can be accepted for errors, omissions or possible misleading statements or for any action taken as a result of any material in this guide. It is not designed to be a substitute for professional advice, as such a brief guide cannot hope to cover all circumstances and conditions applying to the law as it relates to these items.

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Disclaimer: This article contains general information only. Regrettably, no responsibility can be accepted for errors, omissions or possible misleading statements or for any action taken as a result of any material in this guide. It is not designed to be a substitute for professional advice, as such a brief guide cannot hope to cover all circumstances and conditions applying to the law as it relates to these items.

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Lately, we’ve noticed a recurring theme in conversations with clients—the obsession with chasing tax deductions. So it’s time to set the record straight and bust a few myths.

Myth 1:
“If I claim $100 in deductions, I get $100 tax back.”

Not quite. In reality, you only get back a portion of what you spend—at most $47 per $100, and that’s only if you’re earning over $190,000. For most people, the return is even less, depending on your marginal tax rate (typically 22%–32% of the spend back in tax).

So, unless the expense is something you were going to spend the money on anyway—or it helps generate future income or build an asset—you’re effectively wasting the rest.

Cashflow is king. Sometimes, the smartest move is simply to pay the tax and keep the surplus cash. After all, paying tax on $100 and keeping $53 is better than spending $100 just to get $47 back.

Myth 2:
“Deductions are always good.”

Only if they’re strategic. Deductions should relate to necessary business expenses, income generation, or asset building.

In the past, banks and prospective business buyers might have added back some deductions when assessing your profitability. Today? They look straight to your tax return. We’ve seen clients miss out on dream homes or a successful business sale because their “tax minimisation strategies” made them look less profitable on paper.

Bottom line: Don’t sacrifice long-term goals for short-term tax savings.

Myth 3:
“Deferring tax is a win.”

It depends. Instead of focusing on deferral, ask yourself: Why did I go into business?

If your goals include building wealth, reducing debt or gaining freedom, then paying a bit more tax now might actually help you get there faster. Deferring tax can also create stress—especially if you’re unsure how you’ll pay it later (i.e. the funds aren’t set aside for the tax deferred).

Take the popular $20,000 instant asset write-off. It’s not a bonus deduction—it’s just a timing benefit.

Make decisions based on your business and life goals—not just tax.

Myth 4:
“If I go over a tax bracket limit, I lose more money overall.”

This one’s persistent—and completely false.

Tax brackets are marginal. That means you only pay the higher rate of tax on the income above the threshold. For example, if you earn $1 million, you still pay nothing on the first $18,200, then 16% on the next slice, and so on.

Think about it this way: Do CEOs of listed companies ask to cap their salary at $135,000 to avoid a higher tax bracket? Of course not. They want more income—even if it means more tax.

You should too. Focus on what you need to fund your lifestyle and what you’re worth—not where a tax bracket ends. Instead, can you employ strategies with the extra cashflow that can build overall wealth and provide some tax benefits such as negatively geared shares/property.

Myth 5: “Companies save tax.”

Sometimes. But mostly, they defer tax, not eliminate it.

Yes, companies pay 25% tax (active business), which sounds great if you’re personally taxed at 37% or more. But when you take money out for personal use—holidays, school fees, investments—you’ll pay the top-up tax to bring it up to your personal rate. Note: Certain professions are also denied any tax benefits where they operate through a company (Personal Services Income Legislation).

So, if your goal is to use the money personally, you will still face individual tax rates eventually.

That said, structures like companies and trusts offer other benefits such as asset protection, flexibility, suitability for unrelated investors, and funding for growth. With good planning, they can be powerful tools—but they’re not magic tax erasers.

So, what’s the smart approach?

At Holmans, we work hard to get our clients the best deductions—but only when they make sense. We don’t encourage spending just to get a deduction. Instead, we focus on strategic tax minimisation that aligns with your long-term goals.

Final Thought: Chase profits and cashflow, not deductions.

More profit means more tax—but it also means more money in your pocket, better lifestyle options, stronger borrowing power, and less stress.

And who doesn’t want that?

Disclaimer: This article contains general information only. Regrettably, no responsibility can be accepted for errors, omissions or possible misleading statements or for any action taken as a result of any material in this guide. It is not designed to be a substitute for professional advice, as such a brief guide cannot hope to cover all circumstances and conditions applying to the law as it relates to these items.

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As interest in cryptocurrency continues to grow, an increasing number of self-managed super funds (SMSFs) are incorporating digital assets into their investment strategies.

While the potential for high returns can be appealing, the world of crypto is still relatively new and comes with significant risks. For SMSF trustees, it’s essential to tread carefully and comply with superannuation regulations to protect your fund and your future.

In recent years, SMSF trustees may have lost access to their crypto holdings due to theft, scams, forgotten passwords, and platform collapses. The lack of traditional consumer protections in the crypto world makes due diligence more critical than ever.

Here are some essential tips to help you manage crypto investments within your SMSF safely and responsibly:

1. Use a Correctly Named Wallet

The crypto wallet holding your SMSF’s assets must be registered in the name of the SMSF, not your personal name. This is crucial for ensuring the legal ownership of the investment and maintaining your SMSF’s compliance with the Superannuation Industry (Supervision) Act 1993.

2. Separate SMSF and Personal Crypto Investments

You must never mix personal and SMSF crypto assets. Combining them may breach the sole purpose test and could result in compliance action from the ATO. Keeping clear separation between personal and SMSF assets is a fundamental part of managing your fund legally and ethically.

3. Use Reputable Trading Platforms

Only buy and trade cryptocurrency on legitimate, well-reviewed platforms. Look for businesses registered with relevant authorities, secure HTTPS connections, and clear trading policies. Independent reviews and user feedback can offer valuable insights into a platform’s reliability.

4. Keep Accurate Records

Thorough recordkeeping is a must. This includes every purchase, sale, and transfer of crypto assets. Crypto sales and transfers are considered disposals and may be subject to capital gains tax (CGT). Maintaining complete records is essential for accurate tax reporting and successful audits. You should also keep documentation for wallet creation and any changes made.

5. Safeguard Your Passwords

Lost or stolen passwords are one of the most common reasons SMSF trustees lose access to their crypto assets. Never share your wallet password and always store it securely, preferably using a password manager or an encrypted offline method.

6. Avoid Related Party Transactions

SMSFs must transact at arm’s length. That means avoiding deals with related parties that aren’t conducted on commercial terms. This rule applies to crypto just as it does to any other investment.

7. Maintain Valuation Records

Auditors require accurate market valuation of crypto assets each year. Ensure you can provide appropriate documentation that reflects fair market value at year-end.

8. Beware of Scams and Impersonators

The ATO has warned of impersonators claiming to be representatives investigating crypto tax evasion. These scammers may request wallet access or personal information. Always verify the identity of anyone claiming to be from a government agency and never share sensitive information over the phone or email.

Crypto can be an exciting frontier for SMSF trustees, but it comes with serious responsibilities. Ensuring compliance, protecting your assets, and maintaining good records are all essential steps.

When in doubt, seek licensed advice to make sure your fund remains secure, compliant, and aligned with your long-term retirement goals.

Disclaimer: This article contains general information only. Regrettably, no responsibility can be accepted for errors, omissions or possible misleading statements or for any action taken as a result of any material in this guide. It is not designed to be a substitute for professional advice, as such a brief guide cannot hope to cover all circumstances and conditions applying to the law as it relates to these items.

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A Significant Tax Change Ahead

From 1 July 2025, interest charges on unpaid tax debts — including the General Interest Charge (GIC) and Shortfall Interest Charge (SIC) — will no longer be tax deductible.

This marks a major shift for both individuals and businesses who have previously been able to claim these interest charges as tax deductions, effectively reducing the cost of late tax payments. The change is being implemented under the Treasury Laws Amendment (Making Multinationals Pay Their Fair Share) Act 2023.

Read the ATO’s official announcement

Who Does This Affect?

Individuals

• Interest charges on unpaid personal tax will no longer be deductible.
• Loans used to pay off personal tax debts remain non-deductible, as always.

Businesses (Companies, Trusts, Sole Traders)

• ATO interest on unpaid business tax will also lose deductibility from 1 July 2025.
• Interest on commercial loans used to repay business tax debts will remain deductible, provided the loan is directly connected to income-producing activities.

What’s the Financial Impact?

The ATO’s interest rates are not trivial — the current GIC is over 11% per annum, and it compounds daily.

For example, a business with a $60,000 tax debt accruing $6,600 in GIC annually would previously have reduced its taxable income by claiming the interest. From 1 July 2025, this is no longer an option. That $6,600 becomes a direct, non-deductible hit to the bottom line.

ATO Interest Rates (Current GIC and SIC)

Strategic Steps You Can Take Now

This change is an opportunity to get ahead of your tax obligations. Here are three practical strategies:

1. Clear or Reduce Existing ATO Debts

Pay down tax debts before 1 July 2025 to retain the deductibility of any interest incurred before the rule change.

2. Consider Refinancing Through Commercial Lenders

For businesses, replacing ATO debt with a bank loan may allow the interest to remain deductible — but only if the purpose of the debt is clearly linked to business income production.

3. Review Cash Flow and Payment Arrangements

Speak with your accountant to revise existing ATO payment plans, ensure timely lodgement of BAS and tax returns, and assess the tax efficiency of how you’re managing liabilities.

What’s the Purpose of This Policy?

The government’s goal is to discourage reliance on the ATO as a source of informal financing. By removing deductibility, they’re encouraging more timely tax payments — and aiming to level the playing field between taxpayers who meet obligations on time and those who delay.

Further information on policy intent (ATO)

Final Thoughts

This is more than just a legislative tweak — it’s a fundamental change to the way tax debt is treated from a financial planning perspective.

At Holmans, we’re already working with clients to assess the impact and adjust their strategies accordingly. If you carry ATO debt or expect to, this is the time to act.

Contact your Holmans advisor as early as possible to review your options and avoid unnecessary tax costs in the new financial year.

Disclaimer: This article contains general information only. Regrettably, no responsibility can be accepted for errors, omissions or possible misleading statements or for any action taken as a result of any material in this guide. It is not designed to be a substitute for professional advice, as such a brief guide cannot hope to cover all circumstances and conditions applying to the law as it relates to these items.

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As the 2025 End of Financial Year (EOFY) approaches, Holmans has prepared a comprehensive tax planning guide to help both business owners and individuals take proactive steps to improve their tax outcomes. From optimising deductions to ensuring compliance with ATO expectations, the time to act is now.

Whether you’re looking to manage business obligations or maximise personal tax efficiency, the following insights can help you prepare effectively before 30 June.

Business Tax Minimisation Strategies

• Finalise Trust Distribution Resolutions: Ensure your Trust Distribution Resolution (if applicable) is reviewed and signed before 30 June 2025. Your Holmans advisor will have already prepared this document for review.
• Pay Employee Superannuation Early: Superannuation must be paid and cleared before 30 June to be deductible this financial year. Payments made after this date are deferred to FY2026.
• Bring Forward Consumable Purchases: Stock up on consumables (e.g. stationery, office supplies) in June rather than July/August to claim the expense this year.
• Defer Income Where Appropriate: Consider delaying invoices or income where practical. If work hasn’t been completed until after 30 June, issuing invoices in July may defer taxable income to FY2026.
• Write-Off Bad Debts: Review outstanding receivables and write off any unrecoverable debts prior to 30 June.
• Prepay Business Expenses: Small business entities can prepay eligible expenses up to 12 months ahead (e.g. insurance, subscriptions) and claim them this year.
• Instant Asset Write-Off: Small businesses (with aggregated turnover < $10M) can claim an immediate deduction for eligible assets under $20,000 if the asset is installed and ready for use by 30 June 2025.
• Depreciating Assets: Ensure any larger capital purchases are functional by year-end to commence depreciation claims in FY2025.

ATO Target Areas for 2025

The ATO continues to increase data matching and expects proper substantiation of claims. Key areas of focus include:

• Motor vehicle logbooks distinguishing business vs private use
• Receipts and supporting documentation for all deductible items
• Proof of travel and meal expenses (even if receiving allowances)
• Diaries for home office and mobile phone usage

Other Business Considerations

• Interest on ATO Debts: From 1 July 2025, interest on ATO debts will no longer be tax deductible. Consider addressing these balances now.
• Payroll Increases: Effective 1 July 2025:
  • Minimum wage increases by 3.5%
  • Super Guarantee rises to 12%

  Ensure your payroll systems and cashflow projections reflect this.

• Electric Vehicle Tax Benefits: Eligible EVs provided to employees can be exempt from Fringe Benefits Tax (FBT). This offers significant savings for businesses.
• Temporary Full Expensing (TFE) Transition: Previously fully expensed assets will now generate assessable income when sold. Plan replacement purchases and tax exposure accordingly.
• Stocktake and Obsolete Inventory: Complete a detailed stocktake by 30 June. Write off any obsolete or worthless items to claim a deduction.

Personal Tax Tips for 2025

• Home Office Deductions:
  • Revised fixed rate: $0.70/hr (covers electricity, internet, phone)
  • Actual cost method: requires full receipts and diary of usage
• Motor Vehicle Deductions:
  • Logbook method (12-week logbook + receipts)
  • Cents-per-kilometre (up to 5,000km at $0.88/km with a reasonable basis)
• Work-Related Expenses: Keep receipts for uniforms, tools, training, union fees, and memberships. These may be deductible.
• Income Protection Insurance: Premiums on income protection policies held in your name may be deductible.

Investment Property Strategies

• Prepay Investment Expenses: Consider prepaying up to 12 months of:
  • Interest (if allowed by lender)
  • Insurance
  • Maintenance
  • Management fees
• Delay Income or Asset Sales: Where possible, consider deferring income or capital gains events until after 30 June.
• Depreciation Reports: A Quantity Surveyor report can unlock significant depreciation claims, especially for newly acquired or improved properties.

Superannuation Opportunities

• Personal Contributions: The concessional contributions cap for FY2025 is $30,000. Review your total employer and personal contributions, and consider topping up before 30 June if you’re under the cap.
• Spouse Contributions: Claim a tax offset of up to $540 by contributing to your spouse’s super (eligibility applies if their income is below $40,000).
• Government Co-Contribution: If your income is under $60,400 and you make a non-concessional contribution of $1,000, you may receive a government contribution of up to $500.
• Carried Forward Contributions: If your super balance is under $500,000, you may carry forward unused concessional cap amounts from the past five years. The unused 2019-20 cap expires 30 June 2025.
• Division 293 Tax for High-Income Earners: Earnings over $250,000 may attract an additional 15% tax on concessional contributions.

Final Word

The lead-up to 30 June presents important opportunities to optimise your financial position. Holmans is here to support both business clients and individuals with proactive advice and tailored tax strategies.

Download the 2025 Personal Tax Tips PDF and contact your Holmans advisor early to implement any changes before the deadline.

Disclaimer: This article contains general information only. Regrettably, no responsibility can be accepted for errors, omissions or possible misleading statements or for any action taken as a result of any material in this guide. It is not designed to be a substitute for professional advice, as such a brief guide cannot hope to cover all circumstances and conditions applying to the law as it relates to these items.

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