Banter Blog

Written by TaxBanter’s training team and featuring contributions from industry experts, the blog combines technical depth with accessible explanations, making it valuable for accountants, advisers, wealth professionals and anyone wanting to stay informed about the constantly evolving tax landscape.

Explore the Banter Blog Today

TaxBanter’s flagship blog is where experienced tax trainers and specialist contributors break down complex, emerging and topical issues in Australian taxation. Each post dives into a different area of tax, ranging from Division 7A, UPEs, small business restructures, ATO enforcement activity, TPB matters, CGT traps, and more, giving readers practical insights grounded in real-world scenarios and current regulatory expectations.

Stay ahead of the latest tax changes

Join thousands of savvy Australian tax professionals and be the first to know about the latest tax changes and regulatory updates, delivered straight to your inbox.

New Code obligations for tax agents

On 2 July 2024, the Legislative Instrument titled the Tax Agent Services (Code of Professional Conduct) Determination 2024 (the Instrument) was registered. Registered tax and

$20,000 instant asset write-off for 2024 is finally law

The temporary $20,000 instant asset write-off threshold for small businesses for the 2023–24 income year has finally been enacted, on the eve of the new

Tax return stationery for 2024 now available

The ATO has now released its suite of 2024 tax return stationery. Handy links to the forms are included in this article and the key

Federal Budget 2024–25: Changes to foreign resident CGT scope

In the 2024–25 Federal Budget, the Government announced that it will make changes to the foreign resident CGT regime to ‘strengthen’ it and provide greater

Federal Budget 2024-25: $20,000 instant asset write-off extended to 30 June 2025

In its 2024–25 Federal Budget handed down on 14 May 2024, the Government announced that it will extend the $20,000 instant asset write-off threshold for

Federal Budget 2024–25 — promise of cost of living relief

On 14 May 2024, the Treasurer, Jim Chalmers, will deliver his third Federal Budget for the Albanese Government. The first two Federal Budgets focused primarily

TPB’s draft guidance on new breach reporting obligations

The Tax Practitioners Board (TPB) has released long-awaited draft guidance on the new breach reporting obligations due to commence 1 July 2024 setting out its

Trust tax return changes from 1 July 2024

Ahead of the 2024 tax lodgment season, the ATO has recently published an update on its trust administration changes for trustees, beneficiaries and tax agents

Two company announcements: 3 April 2024

As of 1 March, TaxBanter has officially joined the Count family of brands, marking a significant development in the tax education landscape. The acquisition significantly

Revised Stage 3 personal tax cuts now law

On 27 February 2024, Parliament passed the Treasury Laws Amendment (Cost of Living Tax Cuts) Bill 2024 (the Bill) containing the Government’s revisions to the

New ATO ruling on depreciation of composite assets

The ATO has recently finalised TR 2024/1 titled Income tax: composite items — identifying the relevant depreciating asset for capital allowances (the Ruling). The Ruling

Tax Expenditures Statement

The Government has released its 2023–24 Tax Expenditures and Insights Statements (the TEIS). The TEIS provides estimates of the revenue forgone from tax expenditures, along

New Code obligations for tax agents

On 2 July 2024, the Legislative Instrument titled the Tax Agent Services (Code of Professional Conduct) Determination 2024 (the Instrument) was registered. Registered tax and

$20,000 instant asset write-off for 2024 is finally law

The temporary $20,000 instant asset write-off threshold for small businesses for the 2023–24 income year has finally been enacted, on the eve of the new

Tax return stationery for 2024 now available

The ATO has now released its suite of 2024 tax return stationery. Handy links to the forms are included in this article and the key

Federal Budget 2024–25: Changes to foreign resident CGT scope

In the 2024–25 Federal Budget, the Government announced that it will make changes to the foreign resident CGT regime to ‘strengthen’ it and provide greater

Federal Budget 2024-25: $20,000 instant asset write-off extended to 30 June 2025

In its 2024–25 Federal Budget handed down on 14 May 2024, the Government announced that it will extend the $20,000 instant asset write-off threshold for

Federal Budget 2024–25 — promise of cost of living relief

On 14 May 2024, the Treasurer, Jim Chalmers, will deliver his third Federal Budget for the Albanese Government. The first two Federal Budgets focused primarily

TPB’s draft guidance on new breach reporting obligations

The Tax Practitioners Board (TPB) has released long-awaited draft guidance on the new breach reporting obligations due to commence 1 July 2024 setting out its

Trust tax return changes from 1 July 2024

Ahead of the 2024 tax lodgment season, the ATO has recently published an update on its trust administration changes for trustees, beneficiaries and tax agents

Two company announcements: 3 April 2024

As of 1 March, TaxBanter has officially joined the Count family of brands, marking a significant development in the tax education landscape. The acquisition significantly

Revised Stage 3 personal tax cuts now law

On 27 February 2024, Parliament passed the Treasury Laws Amendment (Cost of Living Tax Cuts) Bill 2024 (the Bill) containing the Government’s revisions to the

New ATO ruling on depreciation of composite assets

The ATO has recently finalised TR 2024/1 titled Income tax: composite items — identifying the relevant depreciating asset for capital allowances (the Ruling). The Ruling

Tax Expenditures Statement

The Government has released its 2023–24 Tax Expenditures and Insights Statements (the TEIS). The TEIS provides estimates of the revenue forgone from tax expenditures, along