IN THIS ISSUE
This edition covers side hustles and hobbies turning into taxable income, helping you understand when activities become a business and what must be declared. We also highlight car expense logbook requirements, ATO business benchmarks, and important tax‑time updates for trusts. With 30 June approaching, we share practical tax‑saving strategies, CGT planning tips, and key superannuation changes, including large balance rules and SMSF compliance reminders ahead of Payday Super.
FROM THE ATO
- Turning a hobby into income
- Car expenses – logbook method
- Compare your business with industry standards
- Tax Time 2026 – trusts
TAX TIPS
- How to reduce your tax bill
- Pay less capital gains tax (CGT)
SUPERANNUATION ISSUES
- Does your total super balance exceed $3 million?
- Is your electronic service address (ESA) up to date?
- SMSF messaging providers
- TBAR lodgment reminder for April 2026
- Before investing, understand your SMSF obligations
- General transfer balance cap indexation
- Setting up an SMSF – choose the trustee structure
KEY TAX DATES
