Tax News & Updates

The headlines said the Treasurer dropped the trust tax. He did not. The draft law keeps the 30% minimum tax and the 1 July 2028 start, and adds a way to stay out of it without moving a single asset.

A $1,000 deduction sounds like $1,000 back. The real figure is closer to $200. What the new standard deduction is worth, who benefits, who misses out and why you should keep your receipts anyway.

Everyone argued about the $3 million super tax. Almost nobody read what actually passed. Division 296 is now law, and the version on the statute book is meaningfully different from the one that caused all the noise.

The ATO has stopped waiting for you to make a mistake. It now uses data matching, artificial intelligence and third-party reporting to find errors before most people even realise they have made one.

Navigating the most significant compliance shake-up in 25 years: a practical action plan for the staggered tax timelines heading your way Handed down on 12 May 2026, Treasurer Jim Chalmers' Budget has been called the most significant transformation of Australia's tax system in a quarter of a century. The 2026-27 Federal Budget Australia rewrites the rules for capital gains, negative gearing, family trusts, and everyday deductions, with staggered start dates running from July

With harsh new enforcement weapons actively deployed, putting your head in the sand is a direct threat to your family home. Treating the tax office as a friendly, flexible overdraft facility is officially over. Get your commercial cash flow strategy wrong in the current climate, and you can accidentally hand over your entire business operations or your personal family home straight to the collectors. At Aevum Accounting, we work with small business owners across Australia who