December 2025 Newsletter
Welcome to the December edition of our client newsletter. Stay informed with practical insights that can help you reduce tax, avoid costly compliance mistakes and make smarter financial decisions heading into 2026. This edition highlights several issues that catch people out every year, including deductions you may be missing, common SMSF pitfalls, and warning signs that could attract ATO attention. It is well worth a read if you want to stay ahead.
In This Edition
Work Clothing Deductions - What you can and cannot claim and why everyday clothing almost never qualifies.
SMSFs and Holiday Homes - The expensive trap trustees fall into when using fund-owned properties for personal stays.
The 50 Percent CGT Discount Explained - When the discount applies, when it disappears, and how to avoid unexpected tax surprises.
Lost and Unclaimed Super - Nearly 19 billion dollars is sitting unclaimed, here is how to check whether some of it is yours.
Claims Against a Deceased Estate - Who can make a claim, how the courts decide, and key time limits you need to know.
How to Avoid an ATO Audit - The behaviours that raise red flags and the practical steps small business owners can take to stay compliant.