Monthly Tax Update - July 2025

Stay ahead in the dynamic world of Australian tax with "Monthly Tax Update - July 2025." This essential course, presented by Tax Unstuck, delves into the critical tax developments between July 1 and July 31, 2025, ensuring you are equipped with the latest information to advise your clients effectively.

Harness the power of timely insights as we break down key updates across various tax domains. This course is designed to provide clarity, highlight significant changes, and offer practical takeaways to enhance your professional toolkit.

• SME Tax Issues: Understand changes to GIC and SIC deductibility, the instant asset write-off threshold, and the complex implications of Bendel and UPEs.
• Individual Tax Issues: Navigate reasonable travel and overtime meal allowances, the impact of the Shore case, removal of the lump sum E threshold, and the 70-cent working from home deduction.
• Corporate Tax Issues: Explore the South Seas Holding case and its lessons on related party interest and management fee deductibility.
• International Tax: Grasp Pillar Two implementation nuances and deferrals of proposed changes to Taxable Australian Property (TAP) assets.
• GST: Review new rulings on cross-border supplies and the latest interpretation of "food marketed as a prepared meal."
• Superannuation: Get clarity on the proposed Division 296, updated Superannuation Guarantee rates, and the introduction of superannuation on government-funded paid parental leave.
• ATO Administration: Be informed on extended task forces and programs, and the significance of the Patent case.

Each topic includes practical tips, potential pitfalls, and client checklists to help you apply the knowledge and identify immediate opportunities for proactive client communication. Don't get stuck – empower yourself with the latest tax knowledge.