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Tax news & ATO updates

Career Opportunities

We're always on the lookout for talented and ambitious individuals. If you, or someone you know is looking for a change and want to be part of a supportive, driven and enthusiastic team environment, we have the opportunity for you...

Eve Wallace HechtJune 30, 20261 min read
Tax news & ATO updates

Superannuation & Division 296 Tax Changes

Starting 1 July 2026, a new tax will apply to the earnings of individuals with a Total Superannuation Balance exceeding $3 million.

Eve Wallace HechtJune 30, 20261 min read
Tax news & ATO updates

Director Penalty Notices Under Review

The Inspector-General of Taxation and Taxation Ombudsman has announced a forthcoming review into the ATO's administration of Director Penalty Notices following a sharp escalation in their use over recent times.

Eve Wallace HechtJune 29, 20261 min read
Advice, Tax news & ATO updates

What Tranche 2 Businesses Need to Know Before 1 July 2026

AML/CTF obligations are being extended to a new group of regulated entities, commonly referred to as Tranche 2 entities, from 1 July 2026.

Eve Wallace HechtJune 29, 20262 min read
Tax news & ATO updates

ATO Compliance Crackdown: Is Your Business on the Radar?

The Federal Government has injected over $700 million into ATO compliance enforcement, with small to medium businesses squarely in focus. Using smarter data matching, stronger reporting systems and targeted reviews, the ATO is now better placed than ever to spot businesses under-reporting income, over-claiming deductions, missing super obligations, or lodging incorrect BAS statements.

Eve Wallace HechtJune 29, 20262 min read
Advice, Tax news & ATO updates

New ATO Guidance for Rental Property Owners

The ATO has released updated guidance clarifying how rental income and expenses are assessed, reflecting changes in how investors now rent out their properties, particularly relevant for clients whose property doubles as a holiday home.

Eve Wallace HechtJune 29, 20261 min read
Advice, Tax news & ATO updates

ABN Cancellations: What to Do If You Receive a Notice

The ATO has the power to cancel an ABN under several circumstances, set out in the Income Tax Assessment Act 1997 and the A New Tax System (Australian Business Number) Act 1999.

Eve Wallace HechtJune 29, 20261 min read
Tax news & ATO updates

2026-27 Car Limit Threshold

The car limit threshold for 2026–27 is $69,883. This is the maximum value you can use to calculate depreciation on a vehicle.

Eve Wallace HechtJune 29, 20261 min read
Advice, Tax news & ATO updates

Payday Super: Myth vs Fact

From 1 July 2026, Payday Super requires employers to pay super at the same time as wages, rather than quarterly. SMSF trustees need to prepare now to avoid disruption. Here are some myths about Payday Super, and the facts behind them

Eve Wallace HechtJune 29, 20264 min read
Tax news & ATO updates

2026-27 Federal Budget Overview

The Federal Budget, handed down on 12 May 2026, included a number of proposed measures that will affect individuals, property investors and businesses.

Eve Wallace HechtMay 18, 20265 min read
Advice, Tax news & ATO updates

ATO Tightens Process for Penalty and Interest Remissions

The Australian Taxation Office (ATO) has recently introduced a more structured approach to requests for penalty and interest remissions.

Eve Wallace HechtMarch 25, 20261 min read
Advice, Tax news & ATO updates

ATO Increases Focus on FBT Compliance

The ATO has announced a stronger focus on FBT compliance, with more audits and reviews expected over the coming years. This means employers should ensure their FBT reporting is accurate, properly documented and up to date.

Eve Wallace HechtMarch 25, 20262 min read
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Richmond VIC 3121

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Dare Accounting
  • About
  • Accounting
    • For businesses
    • For individuals
  • Auditing
  • Finance
  • Insights
  • Contact