Number Solutions

💰Be ready for Division 296 Super Tax!

📅 From 1 July 2026, new tax rules apply to individuals with super balances over $3 million.

📈 An additional 15% tax applies to earnings above $3 million, with a further 10% tax on earnings above $10 million.

✅ If you're affected, review your super strategy and speak with your tax adviser.

Read more: https://zurl.co/Division296SuperTax

🚨 ATO is cracking down on over-claimed expenses & GST credits!

📋 Keep accurate records
🧾 Only claim eligible expenses
✅ Check your GST credits before lodging

A quick review now can help you avoid audits, penalties, and costly mistakes.

Read more: https://zurl.co/ActiononGSTClaims

📢 New Tax Change Proposed
💰 Standard deduction (up to $1,000) for work-related expenses has been proposed for eligible taxpayers.
📅 Starts: 1 July 2026 (2026–27 tax year)
⚠️ Not law yet – still under consultation
✔️ Key points:
Up to $1,000 automatic deduction for work-related costs
People with higher expenses can still claim actual deductions
No change for 2025–26 tax year
Designed to make tax returns simpler and faster
👉 Aimed at reducing paperwork and simplifying claims for workers.
Read more: https://zurl.co/Work-relatedExpense
https://zurl.co/NewTaxChanges