February 2026 Newsletter
Contents:
- ATO issues 5 case studies to clarify tax considerations in commercial deals
- The hidden tax trap when inheriting property
- What you need to consider before making a financial gift
- Termination lessons from Amazon’s email blunder, layoff of 16k roles
- 5 essential succession steps family businesses are taking
- Tax strategies for returning expats
- Announcements
ATO issues 5 case studies to clarify tax considerations in commercial deals
The hidden tax trap when inheriting property
You’ve inherited a property from your parents, and now you’re weighing your options. Should you sell it, rent it out, or live in it? Here’s the catch: the tax rules around inherited property can be anywhere between tax-free and tax-heavy.
Too often, families assume that an inherited home is tax-free. Unfortunately, that’s not always the case, and misunderstanding the rules can turn inheritance into an unexpected liability.
What you need to consider before making a financial gift
The motivation for financial gifts is rarely a rational assessment of the best use of assets over the long-term. These are often emotional decisions driven by the desire to help a loved one.
Termination lessons from Amazon’s email blunder, layoff of 16k roles
This week, senior leadership at Amazon confirmed job cuts impacting 16,000 roles, with plans to “strengthen” the organisation by “reducing layers, increasing ownership, and removing bureaucracy”.
None of these layoffs impacts Australian roles directly; however, Christa Lenard, partner at Kingston Reid, said that similar pressures are emerging in Australia due to the impacts of AI‑driven automation on redefining job structures and replacing some functions.
Tax strategies for returning expats
Navigating two tax systems requires forward thinking: understand the implications in both countries before making irreversible decisions.
Announcements:
This month Richard (19) and Laurie (18) bring up significant work anniversaries, congrats guys!|
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Important ATO Dates
| Lodgement Program | Date |
| January monthly activity statements | 21/02/26 |
| Quarter 2 (October–December) activity statements | 28/02/26 |
| Quarter 2 (October–December) GST instalment notices (forms S and T) | 28/02/26 |
| Quarter 2 (October–December) PAYG instalment notices (forms R and T) | 28/02/26 |
Other News
Bushfires
In the wake of the devastating January bushfires, the Victorian Chamber of Commerce and Industry has launched two free, immediate support services to help local businesses navigate the recovery process. Specifically designed for those in officially declared State of Disaster areas, the 2026 Bushfire HR Support Helpline and the online Bushfire Support Hub provide essential guidance for employers struggling with the practicalities of operating during a crisis. Whether you are dealing with urgent workplace relations issues or simply don’t know where to start, these resources are available to help your business get back on its feet.
The HR Support Helpline offers direct access to workplace relations advisers who can assist with complex matters such as staff pay and leave options, employee entitlements, and government-directed stand-downs. Additionally, the online Hub serves as a central point for information on emergency relief, available grants, and referrals to recovery agencies. If your business has been impacted, you can access these confidential services by calling (03) 8662 5461 (Monday to Friday, 9 am to 5 pm) or by visiting the Bushfire Support Hub online.
Preparing for Payday Super: What You Need to Know
From 1 July 2026, the way you pay superannuation is changing for the first time in 30 years. The new Payday Superannuation (PDS) reforms will require employers to pay superannuation contributions on the same day as salary and wages, moving away from the current quarterly system. This shift aims to close the $6.2 billion unpaid super gap and ensure workers don’t miss out on vital retirement earnings. However, for many businesses, this means adjusting to tighter cash flow cycles and navigating the closure of the Small Business Superannuation Clearing House (SBSCH), which will be retired on the same date the new law takes effect.
To help you navigate these complex changes, we are hosting a series of seminars over the coming months. We will break down the new “Qualifying Earnings” definitions, the ATO’s transition-year “traffic light” compliance approach, and the increased risks associated with late payments—which, as of 2025, can carry federal criminal penalties for wage and super theft. Our experts will provide practical advice on updating your payroll systems and managing the transition to ensure your business remains compliant and avoids the non-deductible penalties associated with the new Super Guarantee Charge.
Key Takeaways for Employers:
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Deadline: Super must reach the fund within 7 business days of payday.
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Systems: Digital Service Providers (DSPs) have limited time to update systems; now is the time to audit your software.
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Deductibility: While late SG payments will become tax-deductible, interest and late penalties remain non-deductible.
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Transition: The ATO will use a lenient “Green/Amber” risk zone for the first year (2026–27) for those attempting on-time payments.
We are currently hiring!
Rupanyup Office Closure
An important update regarding our Rupanyup office. It is with mixed emotions that we announce the permanent closure of our Rupanyup office. Our last day trading from this location will be Tuesday, December 23, 2025. We want to express our deepest gratitude for the incredible support, loyalty, and friendship you have shown us since we first opened our doors here in Rupanyup.| Location | Address | Phone Number |
| Horsham | 44 Wilson Street | 03 5382 3001 |
| Stawell | 142 Main Street | 03 5358 5066 |
| Ararat | 70 Vincent Street | 03 5352 4738 |