Tax Accounting Archives - Upturn Accountants & Advisors

August 18, 2026
By Upturn
FBT, Tax Accounting
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Car FBT Audits on the rise!

The ATO is running a live compliance campaign on car and dual cab ute fringe benefits tax, and utes aren't automatically exempt. If your company or trust owns any vehicle used by a director, employee or their family, here's what you need to check before a routine letter becomes a formal review.

August 13, 2026
By Upturn
Asset Protection, Business Valuations, Divorce, Tax Accounting
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Divorce and your business

Breaking up is hard to do. Beyond the emotional and financial turmoil divorce creates, there are a number of business and tax related issues that need to be resolved.

Inheritance & Estate planning

The tax impact of an inheritance will generally depend on the nature of the asset and the tax characteristics of the beneficiary. Learn more...

December 1, 2025
By Upturn
Business Improvement, Tax Accounting, Tech
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Just Ask Xero JAX Ai Assistant

Learn about "Just Ask Xero" (JAX) - a new AI-driven tool developed by Xero, designed to help small business owners streamline their accounting tasks.

September 12, 2025
By Upturn
Business Improvement, Construction & Trades, Medical & Allied Health, Professional firms, Retail & Consumer Goods, Startup, Tax Accounting, Tech
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Xero Tap to Pay: Faster Payments

Learn about Xero "Tap to Pay" - The Smart way to get your customers to pay you on the spot using just your phone and Xero!

July 15, 2024
By Upturn
ATO, Tax Accounting
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Warning: SMSF asset valuations

ATO data analysis has revealed that over 16,500 self managed superannuation funds (SMSFs) have reported assets as having the same value for three consecutive years. With many of these assets residential or commercial Australian property, you can forgive the ATO for being incredulous.

Federal Budget 2024-25 debrief

The Treasurer is promising that inflation will decline by 0.75% as a direct result of the 2024-25 Federal Budget initiatives including energy relief for all households, a boost to Commonwealth Rent Assistance, and the freezing of the maximum co-payment on the Pharmaceutical Benefits Scheme.

February 10, 2024
By Upturn
ATO, Tax Accounting
No Comments

Raid on super above $3M!

The Government has announced that from 1 July 2025, the 15% concessional tax rate applied to future earnings for total superannuation balances (TSB) above $3 million will increase from 15% to 30%.

Stage 3 Tax Cuts Redesigned

The redesigned Stage 3 personal income tax cuts explained, but beware, the impact will be less favourable than it would have been prior to the redesign.

September 24, 2023
By Upturn
ATO, Tax Accounting
No Comments

$20k SME energy incentive

Legislation enabling the small business energy incentive hit Parliament last week. The incentive is another broadly defined incentive to nudge behaviour, this time towards energy efficiency and “electrification.”