Gavin Ma & Co Accountants

Gavin Ma & Co Accountants Welcome to Gavin Ma & Co Accountants - Certified Practising Accountants

10/06/2026

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.

10/06/2026

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.

10/06/2026

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.

10/06/2026

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.

04/06/2026

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

24/04/2026

Home office rent and expense not deductible – ATO wins appeal

The ATO has successfully appealed to the Full Federal Court against a decision allowing a taxpayer who was required to work partly from home because of Covid restrictions deductions for a portion of his rent and car expenses:

Rent - the Court concluded that the essential character of the rent was an outgoing paid to "secure and maintain residential premises as a home".

Car expenses - the Court said the taxpayer ceased income producing activities when he stopped performing work at home and commenced different income producing activities upon starting work at the Southbank Studios. Similarly, the return journey was travelling home after income producing activities had ceased. Accordingly, the taxpayer was not performing either his digital role or his live role, or any aspect of his employment, while driving. (FCT v Hall [2026] FCAFC 43, Full Fed Ct, Thawley, McElwaine and Wheatley JJ.)

24/04/2026

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.

18/03/2026

The Treasurer has advised that the governments of Australia and Canada will prioritise the modernisation of the two countries DTA to support investment, including for Australia's super and pension funds.

12/03/2026

SBSCH users must download their records before 30 June

05/03/2026

Tax Ombudsman reviews GIC

The Tax Ombudsman conducted a review into the ATO’s decision making in relation to the GIC on tax debts. CPA’s submission on this is here.

The TO’s review found the ATO’s inconsistent decision-making, vague guidance and poor communication were leading to confusion and unfair outcomes for taxpayers.

The TO made four recommendations including the ATO agree an up-front interest-free payment plan for eligible taxpayers.

Address

269 Centre Road
Bentleigh, VIC
3204

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm

Telephone

+61375573138

Website

Alerts

Be the first to know and let us send you an email when Gavin Ma & Co Accountants posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Gavin Ma & Co Accountants:

Shortcuts

Share

Category