Big changes are here for HELP student loans – starting with a 20% one-off balance reduction for eligible borrowers and a fairer repayment system that eases the burden on lower incomes. With indexation now tied to the lower CPI or wage growth, your student debt just got a lot more manageable.
Small business owners can breathe a little easier, with the government proposing to extend the popular $20,000 instant asset write-off until 30 June 2026. If legislated, this extension means eligible businesses can continue to immediately deduct the cost of multiple assets – each under $20,000 – for another year.
Looking to supercharge your retirement savings? Discover how downsizer contributions can help Australians aged 55+ funnel up to $300,000 from the sale of their home into super – without age limits, work tests or contribution caps.
AI might be great for quick tax tips, but when it comes to navigating Australia’s ever-shifting tax laws, your accountant is irreplaceable. From strategic planning to real-time advice, they bring the expertise, accountability and personal insight that no chatbot can match