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Insights

2024 – 25 Personal Tax Planning: Strategies to maximise tax outcomes before 30 June 2025

As the end of the 2024–25 financial year approaches, individuals have a crucial opportunity to review their income position, superannuation contributions, investments, and deductions to manage their tax affairs efficiently. With significant changes to personal income tax rates taking effect from 1 July 2024, there is scope for tax optimisation, but action must be taken before 30 June.

Ryan Lu

Partner

Melbourne

Insights

ATO Draft PCG 2025/D2 – A new era of cross-border debt compliance

A new era of thin capitalisation rules. On 29 May 2025, the Australian Taxation Office (ATO) released Draft PCG 2025/D2 - a practical compliance guideline that reshapes how inbound, cross-border related-party financing arrangements are assessed under Australia’s thin capitalisation and transfer pricing rules.

Becky Nguyen

Partner

Melbourne

Insights

Our trusted Wealth advisers and who we help

PKF Wealth’s mission is to support the unique ambitions of our clients with tailored, expert advice. The recent results from our Client Engagement Research, conducted independently by CoreData, affirm the strength of our relationships and the trust our clients place in our team. Our Wealth advisers go above and beyond...

7 contributors

Newcastle, Sydney

Case Studies

Client success story: How a small business restructure turned crisis into opportunity

Running an excavation business is challenging in the best of times, but when relentless bad weather struck, this company found itself in deep financial trouble. With little to no income, they still had to pay wages and meet high purchase payments. As ATO debt piled up, they felt trapped, out...

2 contributors

Newcastle, Sydney

Insights

Understanding Division 296: What the proposed super tax really means

From 1 July 2025, the Government is proposing a new tax—Division 296—for individuals with a total superannuation balance (TSB) exceeding $3 million. If legislated, the tax would apply an additional 15% on the earnings attributed to the portion of a member’s balance above the $3 million threshold.While this has prompted...

Daniel Clements

Partner

Newcastle, Sydney

Insights

Power in Partnership: Delivering real client impact through collaboration.

At PKF, our clients’ success comes first. That’s why our Sydney Advisory and Tax teams work side by side, collaborating to provide integrated, forward-thinking solutions that reflect the full scope of a client’s needs. It’s a model that’s built on trust, technical excellence, and a shared commitment to outcomes, and...

2 contributors

Sydney

Insights

澳洲税务局草拟发布 PCG 2024/D3：跨国企业如何应对资本结构重组下的新合规挑战？

2024年12月，澳大利亚税务局（ATO）发布了《草拟实务合规指南 PCG 2024/D3》，明确了其对企业在新资本弱化规则（thin capitalisation）下进行融资重组时的合规处理立场。本篇文章深入解析三项关键内容：第三方债务测试（Third Party Debt Test）、债务利息扣除否决规则（Debt Deduction Creation Rules），以及为满足这些规则所进行的重组安排的合规指引，为跨国企业提供更具实操性的应对建议。

2 contributors

Melbourne

Insights

Offering multi-business advisory: Sydney Sports Management Group’s growth journey with PKF

Richard Price, an experienced business leader, joined Sydney Sports Management Group (SSMG) with a bold vision: transforming a small network of tennis centres into a leading multi-sport organisation. The transition required significant structural changes, financial governance and operational efficiency to secure long-term local government contracts. Navigating this complex expansion required...

Andrew Chen

Partner

Sydney, Newcastle

Insights

Honouring Anzac Day: Walking with purpose with Lachlan Stevens

At PKF, we believe in using our platform to shine a light on stories that matter, especially those that reflect the spirit of service, sacrifice, and community that Anzac Day embodies. In this special episode of the PKF Podcast, we sat down with Lachlan Stevens, founder of Raising the Bar...

Emma Hansen

Head of Marketing

Sydney, Newcastle

Insights

2024 – 25 财年企业税务筹划：2025年6月30日截止前的重要行动指南

當2025財政年度即將結束之際，我們鼓勵企業仔細檢視其稅務事務，以把握可用機會並確保合規。即將舉行的聯邦大選為稅務規劃增添了更多變數，未來可能出現重大稅收政策變動。然而，許多有效的策略都需要在2025年6月30日之前採取行動。

本文重點說明了企業現在應該考慮的關鍵稅務規劃事項。

Ryan Lu

Partner

Melbourne

Insights

2024 – 25 Business Tax Planning: Key actions for businesses ahead of 30 June 2025

As the end of the 2025 financial year approaches, businesses are encouraged to review their tax affairs carefully to maximise available opportunities and ensure compliance.

The Federal Election adds further complexity, with the possibility of significant tax policy changes on the horizon. Many effective strategies require action before 30 June 2025.

This article highlights the critical tax planning items businesses should consider now.

Ryan Lu

Partner

Melbourne

Insights

Payday super: What the proposed changes mean for you

Superannuation payments may be set to undergo a significant change. The Australian Labor Government’s proposed "payday super" reforms would require employers to pay superannuation contributions within seven calendar days of each payday. Draft laws have been released for public consultation, and the changeshttps are expected to take effect from 1...

Nicholas Falzon

Director

Sydney, Newcastle

Insights

Key tax differences explained between sole traders and companies

If you are starting a business, you may be deciding whether to operate as a sole trader or to establish a company. Alternatively, you might already be working as a sole trader and considering transitioning to a company structure. Tax considerations are a crucial factor in determining which business model...

Nicholas Falzon

Director

Sydney, Newcastle

Insights

Short-term rentals: What you need to know about tax obligations

In today’s sharing economy, platforms such as Airbnb have made it easier than ever to generate additional income by renting out a spare room or your entire home. However, many Australians are still unaware of the tax obligations that come with short-term rental arrangements.If you rent out part or all...

Nicholas Falzon

Director

Sydney, Newcastle

Insights

Claim tax deductions for work-related study and training

Maximise your 2024–25 tax return: Can you claim self-education expenses?If upskilling or professional development is on your agenda this year, you may be eligible to claim self-education expenses in your 2024–25 income tax return. With the right guidance, these deductions can reduce your tax liability and make your investment in...

Nicholas Falzon

Director

Sydney, Newcastle

Insights

PKF “Break it down” — Trusts

What is a Trust? A trust is NOT a separate legal entity; it is a relationship. It does not pay taxes (however, DOES require lodgement of a separate income tax return) nor can it hold title over any assets. It is a vehicle in which assets are held by a...

Stacie Shaw

Partner

Newcastle, Sydney

Insights

PKF “Break it down” — Superannuation

What is Superannuation? Superannuation is cash set aside over your lifetime to assist in funding your retirement. It generally cannot be accessed until you reach an eligible age, however hardship provisions may allow early access. What are Superannuation Funds? There are two types – public offer (e.g. industry funds) and...

Stacie Shaw

Partner

Newcastle, Sydney

Insights

PKF “Break it down” — Pay-As-You-Go (PAYG)

What is PAYG? Pay-As-You-Go requires tax payments as income is earned (not just on lodgement of an income tax return); imposed as Withholding and Instalments. PAYGW is withheld by the payer and they remit it to the ATO (e.g. employers remit on behalf of employees; banks remit on behalf of...

Stacie Shaw

Partner

Newcastle, Sydney

Insights

PKF “Break it down” — Fringe Benefits Tax

What is Fringe Benefits Tax (FBT)? FBT is a tax that ‘catches’ benefits provided to employees that don’t have tax withheld from them the way wages normally would. Why was FBT imposed by the ATO? Employees got ‘cute’ about saying to their employer: “Rather than pay me wages, which you...

Stacie Shaw

Partner

Newcastle, Sydney

Insights

PKF “Break it down” — Division 7a

What is Division 7A (Div7a)? Div7a is legislation introduced by the ATO to stop business owners drawing cash out of their companies without paying tax on it. Why was Div7a introduced by the ATO? Business owners were drawing cash out of their business as a ‘loan’ (with no real intention...

Stacie Shaw

Partner

Newcastle, Sydney

Insights

PKF “Break it down” — Dividends/franking account

What is a Dividend? A dividend is the payment of profits by a company (or limited partnership) to a shareholder. Why are dividends “franked”? The current company tax rate is 30% (with lower rates for some eligible smaller companies). A company will generally have already paid tax on some or...

Stacie Shaw

Partner

Newcastle, Sydney

Insights

澳洲CRS（共同申报准则）最新数据重磅发布：信息交换与合规风险解析

CRS早已不仅是一个监管制度，而是一场全球税收治理格局的深刻变革。

Ryan Lu

Partner

Melbourne

Insights

Essential insights for Multinational Enterprises

In December 2024, the ATO introduced Draft Practical Compliance Guideline PCG 2024/D3, which outlines the compliance approach for restructures of financing arrangements under the new thin capitalisation and debt deduction creation rules. This article explores the workings of these rules and their implications for MNEs' intercompany dealings. Third Party Debt...

Becky Nguyen

Partner

Melbourne

Press Releases

PKF celebrates the 2025 Water Polo Australia PD Scholarship recipients

For the third year running, PKF Sydney and Newcastle is incredibly proud to stand behind Water Polo Australia’s Professional Development (PD) Scholarship Program, a cause close to our hearts. Supporting these remarkable athletes as they chase their dreams beyond the water isn’t just an investment in their futures, it’s a...

Nicholas Falzon

Director

Sydney, Newcastle

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