Division 296 has moved rapidly from policy announcement to draft legislation, with TAG actively engaged through direct discussions with Treasury. This update outlines where those discussions landed and highlights the key risks and opportunities accountants should consider when advising clients.
The December 2025 updates to Division 296 bring key changes, including new rules for calculating taxable earnings, mandatory actuarial certification, and stricter methods for SMSFs. Accountants must act before July 2026 to reassess strategies like contributions and asset sales, as the new complexity will impact outcomes. Early planning and updated systems are essential.
TAG Shines at the 2025 IFPA Awards.
We’re proud to announce that TAG Financial Services has been recognised at the 2025 Australian Financial Industry Awards, hosted by the Institute of Financial Professionals Australia (IFPA). TAG took home two major honours. Australian Financial Practice of the Year and SMSF Practice of the Year, celebrating our excellence in client outcomes, professionalism, and innovation.
Dividing assets in a divorce is one of the most significant financial events in a client’s life, both emotionally and financially. As an accountant or advisor, your role is to help clients navigate the complexities of asset division, ensuring they make informed decisions that will impact their long-term financial security. This post highlights how you can support clients with understanding tax implications, financial modelling, and structuring asset splits.
Most business owners assume that their spouse, co-owners, or family will seamlessly take over when something happens to them. Even with the best intentions, failing to plan can leave businesses and families exposed. Let’s explore the key risks that accountants should be aware of.
The reworked design eliminates the major conceptual flaw – taxing unrealised gains – while preserving the government’s aim of narrowing super concessions at the top end. However, for practitioners, the complexity hasn’t gone away.
For many business owners, succession and exit planning is one of the most important and often overlooked parts of building long-term success. It’s not just about the numbers. A well-considered exit helps clients protect the value they’ve created, safeguards their team, and sets the stage for future stability. As accountants, you’re often the trusted advisor…
Division 296 is making headlines and causing concern, but for accountants it’s also a chance to turn panic into strategy. By guiding the conversation, you can help clients stay focused on what truly matters for their long-term goals.
Managing the Transfer Balance Cap is no longer just a compliance exercise, it’s a strategic opportunity for accountants to maximise client outcomes, reduce risk, and add real value to retirement planning.
With the introduction of Division 296 from 1 July 2025, clients with super balances over $3 million are already taking notice – and in many cases, taking action. Some are choosing to withdraw funds now, thinking they’re getting ahead of the new tax. But many are doing so without understanding the broader consequences, from losing…
For many clients, the five to ten years leading up to retirement is a high-stakes window. It’s a period where the right strategies can significantly accelerate wealth, while the wrong ones can quietly erode it. As their accountant, you’re not just balancing books. You’re shaping financial futures. This phase isn’t just about saving more. It’s…
As of 1 July 2025, interest charges on unpaid tax debts – including the General Interest Charge (GIC) and Shortfall Interest Charge (SIC) – are no longer tax deductible. Previously, businesses and individuals could claim a deduction for these interest expenses, softening the financial blow of running behind on ATO payments. That is no longer…