Instant Asset Write-Off and Other Tax Enhancements
We are excited to share that a new Bill has been introduced in Parliament: the Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Bill 2025. This critical legislation proposes a range of changes that are expected to benefit small businesses, publicly listed companies, and the not-for-profit sector. A significant highlight is the proposed continuation […]
When Medical Bills Encounter Tax Regulations – Insights from a Challenging Case
Imagine a scenario where, after enduring years of hardship and serious health challenges, you find yourself compelled to retire earlier than anticipated, relying solely on a Total and Permanent Disability (TPD) pension from your superannuation fund. This pension represents your sole source of income. Yet, an onslaught of medical expenses emerges—costing you tens of thousands […]
Superannuation Tax Changes: Attention High Balances
If your superannuation balance remains comfortably under $3 million, you can likely rest easy—at least for the time being. The anticipated changes to superannuation rules should not adversely impact you—yet. However, suppose you find your balance approaching this significant threshold or exceeding it. In that case, the Treasurer’s recent announcement may compel you to reevaluate […]
What is a Memorandum of Wishes?
A Memorandum of Wishes serves as a valuable non-binding document that delineates your intentions for trustees or executors regarding the management of your trust or estate. While it is not legally enforceable, it plays a critical role in clarifying your wishes, particularly in complex or sensitive situations. Why consider one? It provides clear guidance on […]
Valuable Insights from Implementing AI Agents in Business
Tony Dormer, the founder of Cuthberts Business Advisory, has recently embarked on an exciting new venture, Nexxia, alongside two partners. This innovative enterprise is dedicated to developing AI agents, affectionately referred to as “clerks,” that seamlessly integrate into daily business operations, enabling them to think, act, and evolve ultimately transforming business workflows. The team’s journey […]
Accessing Superannuation Funds for Medical Treatment or Financial Hardship
Superannuation represents a significant asset for many Australians and offers considerable tax advantages; however, strict regulations govern when these funds can be accessed. While the primary circumstances for access include retirement, death, or disability, there are limited cases in which earlier access may be granted. Early access is generally permitted in two key situations: Financial […]
Government Review of Supermarket Unit Pricing: Implications for Your Business
We are excited to share that the Federal Government has recently concluded a consultation process focused on supermarket unit pricing. However, it is a topic primarily of interest to consumers. Still, the outcomes of this review could have a significant impact on businesses supplying products to the grocery sector. Beginning on 1 September 2025, the […]
Important Update: ATO Interest Charges Are No Longer Tax-Deductible
We want to bring to your attention a significant update that may impact your financial planning. As many of you are aware, maintaining outstanding debts with the Australian Taxation Office (ATO) has become increasingly costly for many taxpayers. As outlined in our July newsletter, effective from 1 July 2025, the General Interest Charge (GIC) and […]
Trust Resolutions – Why Timing and Evidence Matter
A recent ruling by the Administrative Review Tribunal specifically the case of *Goldenville Family Trust v. Commissioner of Taxation [2025]* offers valuable insights into the critical importance of thorough documentation and substantial evidence in the realm of tax planning. This decision highlights the potential consequences of failing to maintain rigour in these areas. This particular […]
Cuthberts Business Advisory Pty Ltd Client Survey Digital Gift Card Prize Draw
Terms & Conditions Promoter: Cuthberts Business Advisory Pty Ltd ABN: 62 642 121 426 of Level 3 /1049 Victoria Rd, West Ryde NSW 2114 1. Eligibility 1.1 Entry is open to Australian residents aged 18 years or over. 1.2 Employees, officers and contractors of the Promoter (and their immediate family members) are ineligible to […]