Insights and articles.
Practical guidance on tax, accounting, and business strategy from the EEA Advisory team.
Single Touch Payroll Phase 2: the reporting fields most employers still get wrong
Many Australian employers continue to face avoidable errors in STP Phase 2 payroll reporting. This article identifies the seven most problematic reporting fields and explains why details like income streams and tax status matter. It provides practical steps for refining payroll data and avoiding penalty notices. With clear guidance and actionable tips, payroll officers can keep their systems up to date while ensuring compliance and employee satisfaction.
Australian Federal Budget 2026-27: At a Glance
The 2026-27 Federal Budget puts housing affordability at the centre and pays for it by overhauling negative gearing and the capital gains tax discount. From 1 July 2027, losses on established residential properties acquired after Budget night can only be offset against rental income, and the 50% CGT discount is replaced by CPI indexation with a 30% minimum tax rate. Workers get a $1,000 instant deduction and a permanent $250 tax offset. Family trusts face a 30% minimum tax from 2028. Here’s what every measure means and when it starts.
Australia Capital Gains Tax Discount in 2026
Australia’s capital gains tax discount continues to be a fixture in the tax landscape in 2026. This article explains how the discount, introduced in 1999, allows individuals and trusts to halve their taxable gain after holding assets for over twelve months while superannuation funds benefit from a one third reduction. It explores recent Senate inquiries, Treasury costings and political debates that keep reform options on the table. Read on for insights on how proposed changes may influence investors, the property market and the broader economy.
2025 26 Federal Budget Early Release Review
This article provides a thorough analysis of the early-released 2025 26 Federal Budget. It explains how the government set the economic narrative ahead of the election and cost of living challenges. The review dissects headline figures, legislative guardrails and the practical impact on households and businesses. Drawing on the most recent economic outlook and fiscal updates, it offers detailed insights and forecasts for the remainder of the financial year.
Conquer Crypto Regulation in Australia
Australia leads digital finance innovation with an urgent need for clear crypto guidance. The article explains regulatory frameworks and licensing requirements, giving exchanges, investors and start-ups the tools they need to operate confidently. Read now for practical insights.
Ultimate Guide to ATO Lodgments & Payments
Millions of Australians interact with the ATO each year to lodge returns, pay tax, and manage activity statements. This guide explains the importance of timely lodgments, outlines legal obligations, and offers a practical pathway to compliance, whether you’re a sole trader, company director, or individual salary earner.
Understanding the “Balancing Account” in myGov: What It Means and Why It Matters
If your myGov tax return shows “balancing account,” it means the ATO is verifying your income and deductions. This standard process ensures accuracy before issuing your Notice of Assessment. Learn what it means, how long it takes, and how to speed things up by finalising STP data correctly.
How to Finalise Single Touch Payroll (STP) Data in XERO for the Financial Year 2025: A Complete Guide
Finalising Single Touch Payroll (STP) data in XERO is essential for compliance and employee tax reporting. This guide breaks down the entire process for the 2024–2025 financial year, including key deadlines, step-by-step instructions, common issues, and best practices. Stay ATO-compliant and make EOFY stress-free.
How to set up the myQBCC portal and add your accountant
The myQBCC portal is a vital tool for managing licensing and compliance in Queensland’s construction industry. This guide walks you through setting up your account, adding your accountant, and leveraging the portal’s features for efficient business operations. Simplify your compliance management today!
Financial Planning for Young Families in Australia
As young Australian families embark on the rewarding yet challenging journey of raising children and managing household needs, understanding the nuances of financial management becomes crucial. It’s not just about making ends meet but about crafting a secure and prosperous future. With the guidance of EEA Advisory, experts in family financial planning, this article presents