Gavin Ma & Co

Accountant, Auditor, SMSF Specialist & Mortgage Broker WeChat: Gavin_Ma_CPA

[Gavin Ma & Co @GAVINMAANDCO]

Paid Parental Leave will increase to 26 weeks. While payments are government-funded, you may need to plan for longer staff absences.

[Gavin Ma & Co @GAVINMAANDCO]

The $20,000 Instant asset write-off will be permanent from 1 July 2026. Small businesses with turnover up to $10 million will be able to immediately deduct eligible assets costing less than $20,000.

[Gavin Ma & Co @GAVINMAANDCO]

Loss carry back is returning from 1 July 2026. Eligible companies can offset losses against earlier profits and claim a tax refund, giving a much-needed cash flow boost during challenging periods.

[Gavin Ma & Co @GAVINMAANDCO]

National Minimum Wage increaseThe National Minimum Wage is increasing by 4.75%, bringing the new rate to $26.44 per hour, or $1,005 per week. Make sure you’re ready to apply the updated pay rates from your first full pay period in July.

[Gavin Ma & Co @GAVINMAANDCO]

If you serve seafood in a restaurant, cafe or other hospitality business, you need to tell customers where it comes from. From 1 July 2026, you need to follow country of origin labelling rules for seafood.

[Gavin Ma & Co @GAVINMAANDCO]

A new SMS Sender ID Register is coming from 1 July 2026. If your business uses branded SMS, make sure you’re set up through your telco or messaging provider to stay compliant.

[Gavin Ma & Co @GAVINMAANDCO]

The cents per kilometre rate for work-related car expense deductions is 91 cents per kilometre for the 2026–27 income year.

[Gavin Ma & Co @GAVINMAANDCO]

ASIC has released a new legislative instrument establishing updated regulatory requirements for operators of employee entitlement schemes under the Corporations Act.ASIC Corporations (Employee Entitlement Schemes) Instrument 2026/199

[Gavin Ma & Co @GAVINMAANDCO]

The ATO will be running webinars promoting its app’s new feature "verify call" function, which is designed to protect users from impersonation scams by allowing them to confirm if an ATO phone call is legitimate.

[Gavin Ma & Co @GAVINMAANDCO]

Treasury has released the draft legislation and explanatory materials to introduce the $1,000 instant tax deduction for Australian tax residents who earn income from work, starting 1 July 2026 for consultation.

[Gavin Ma & Co @GAVINMAANDCO]

From 1 July 2026, your employers must pay their employees’ super each payday instead of at least once every three months.

[Gavin Ma & Co @GAVINMAANDCO]

The main residence exemption is available to a trustee or beneficiary of a deceased estate if the relevant requirements in s 118-195(1) ITAA 1997 are met, including if an individual with a "right to occupy the dwelling under the deceased's will".

[Gavin Ma & Co @GAVINMAANDCO]

For SMSF related-party limited recourse borrowing arrangements (LRBAs), the ATO's "safe harbour" interest rate for 2025-26 is expected to be:

-8.95% for acquisition of real property .
-10.95% for acquisition of listed securities.

[Gavin Ma & Co @GAVINMAANDCO]

From 1 July 2025 interest charged by the ATO for late payments or underpayments will no longer be tax deductible. ATO general interest charge is currently charged at 11.17% and compounds daily.

[Gavin Ma & Co @GAVINMAANDCO]

The benchmark interest rate for Div 7A purposes is 8.37% for the 2025-26 income year (down from 8.77% for 2024-25).

[Gavin Ma & Co @GAVINMAANDCO]

ASIC Fee Increases Effective from 1 July 2025 https://t.co/jXLDjajbcj

[Gavin Ma & Co @GAVINMAANDCO]

From 1 July, the ATO will pay super on government-funded Parental Leave Pay. To be eligible, each person must receive Parental Leave Pay from Services Australia for a child born or adopted from 1 July 2025.

[Gavin Ma & Co @GAVINMAANDCO]

Medicare entitlement statement requests

From 1 July, when requesting a Medicare entitlement statement for a client tax agents need to email their client’s Application for a Medicare Entitlement Statement form to https://t.co/[email protected].

[Gavin Ma & Co @GAVINMAANDCO]

From 1 July, the luxury car tax threshold will remain at $91,387 for fuel-efficient vehicles and $80,567 for all other vehicles. The car limit threshold will also remain at $69,674.