RBA’s Third Interest Rate Cut in 2025: What It Means for Your Finances and Tax Planning
For many households in Ashfield and across Inner West Sydney, 2025 has been a year of financial adjustments. RBA’s Third Interest Rate Cut this year reduces the cash rate by 25 basis points to 3.6%—its lowest point since May 2023. While headlines focus on the immediate benefit for mortgage holders—an average $660,000 home loan will […]
Time’s Ticking: TPAR Deadline Moved to August Starting This Year
🚨 Attention Business Owners: TPAR Deadline Moved to August 28! 🚨 If your business operates in building & construction, cleaning, courier, IT, or security services, here’s a critical update you can’t afford to miss. The Taxable Payments Annual Report (TPAR) is now due on August 28 each year — not October 28 like before. While […]
GIC Non-Deductibility: What the 2025 Tax Law Change Means for You
Starting 1 July 2025, the Australian Tax Office (ATO) will remove the deductibility of General Interest Charges (GIC) and Shortfall Interest Charges (SIC) for all taxpayers. This change, known as the GIC non-deductibility 2025 update, may seem simple at first glance, but the practical implications for individuals, small businesses, and tax practitioners are far from […]
How Trump’s Trade Tariffs Could Impact Australia’s Economic and Tax Landscape
At Endurego Tax, we help Australians understand how global events influence their finances. One such event is the rise of protectionist trade policies, like the trade tariffs measures introduced by U.S. President Donald Trump. These policies can significantly impact smaller, export-driven economies like Australia, which relies heavily on trade to sustain growth. Australia’s Economic Backbone: […]
The Number 1 Thing the ATO Doesn’t Want You to Know!
Maximize Your Refund with a Trusted Local Accountant in Ashfield and Belrose Did you know the General Interest Charge (GIC) the ATO hits you with when you’re late on tax payments might actually be tax–deductible? 💸😱 Yes, you heard that right. What interest does the ATO charge you on overdue tax debt? You can claim […]
Centrelink Payments Increase: What It Means for You
Millions of Australians receiving Centrelink payments will see a welcome boost starting March 20, thanks to the latest Centrelink increases driven by indexation adjustments. This change aims to support pensioners, job seekers, and low-income individuals in managing the rising cost of living through improved government payment structures. Key Payment Increases The federal government has confirmed […]
ATO Releases Decision Impact Statement on Anti-Avoidance Ruling
The Australian Taxation Office (ATO) has released a decision impact statement on the Mylan Australia Holding Pty Ltd v Commissioner of Taxation case. This ruling clarifies that Part IVA, Australia’s anti-avoidance provisions, may still apply to debt push-down schemes depending on the specific circumstances. Understanding the Mylan Case The Federal Court ruled that Part IVA […]
Tax Office Under Scrutiny for Its UPE Approach
The recent Bendel case has directly challenged the ATO’s long-standing view that an unpaid present entitlement (UPE) to a corporate beneficiary qualifies as a loan. This decision could significantly impact businesses and tax professionals managing trust distributions. The UPE Tax Office stance on this matter has been a point of contention, leading to potential changes […]
Australia’s Two-Year Ban on Foreign Home Buyers: What It Means for You
Australia’s housing market has been a hot topic for years. Now, the government is taking drastic action with a Ban on foreign home buyers to control rising property prices. Officials believe foreign buyers contribute to the surge, making homes unaffordable for many Australians. To combat this, new measures—including higher land tax surcharges, increased Foreign Investment […]
Interest Rate Cut Hopes Rise on Soft Inflation Print: A Timely Advantage for Small Businesses
If you’ve been keeping an eye on economic updates lately, you might have heard the buzz: Interest rate January 2025 cut hopes are rising on a soft inflation print. As a result, with the Reserve Bank of Australia (RBA) hinting at the potential to ease monetary policy, small businesses and individuals alike could stand to […]
