Spouse super contributions

Posted by Team AVS on 9 Oct, 2025 0 Comments

Spouse super contributions

How to split your own contributions with your spouse or claim a tax offset for making a contribution on their behalf.

Ways of contributing to your spouse's super

There are 2 ways of contributing to your spouse's super:

You may be able to split contributions you have already made to your own super, by rolling them over to your spouse's super – known as a contributions-splitting super benefit.
You can ma

Refund of franking credits for individuals

Posted by Team AVS on 1 Oct, 2025 0 Comments

What are franking credits and when individuals are eligible for a refund of franking credits.

Dividends and franking credits

Australian-resident companies pay tax on dividends they pay to shareholders, this system is the 'imputation system'. This is because the company may impute or attribute the tax they pay to you. The tax they allocate to you attaches to the dividend they pay as a franking credit.

If your dividends are franked or part

Treating former home as main residence

Posted by Team AVS on 17 Sep, 2025 0 Comments

How the CGT main residence exemption and 6-year rule apply when you move out, and how to include it in your tax return.

How it works

Your main residence (your home) is generally exempt from capital gains tax (CGT).

Usually, a property stops being your main residence when you stop living in it. However, for CGT purposes you can continue treating a property as your main residence:

for up to 6 years if you used it to produce income, su

Income thresholds and rates for the private health insurance rebate

Posted by Team AVS on 5 Sep, 2025 0 Comments

Find out the private health insurance rebate income thresholds and rebate percentage rates. Income thresholds The private health insurance rebate is income tested. This means that if your income is higher than the relevant income threshold, you may not be eligible to receive a rebate. Your rebate entitlement depends on your family status on 30 June. Different thresholds apply depending on whether you have a single income or a family income. Wh

ATO corporate plan 2025–26: Key priorities for super funds

Posted by Team AVS on 28 Aug, 2025 0 Comments

Deputy Commissioner Emma Rosenzweig shares what our corporate plan means for super funds.

A key priority in our Corporate plan 2025–26 is the implementation of Payday Super; a reform designed to close the superannuation guarantee (SG) gap and ensure Australians receive the retirement savings they are entitled to.

While this measure is not yet law, from 1 July 2026 employers will be required to pay SG contributions on the same day th

Personal super contributions

Posted by Team AVS on 22 Aug, 2025 0 Comments

How to make personal super contributions, including claiming a tax deduction so they are concessional contributions.

What are personal super contributions?

You can boost your super by adding your own personal contributions, which are the amounts you contribute directly to your super fund.

If you claim a tax deduction for them, they're concessional contributions and are effectively from your pre-tax income. They are taxed in the fund at a

SuperStream for employers

Posted by Team AVS on 18 Aug, 2025 0 Comments

SuperStream is a standard requiring all employers to provide payments and related data to super funds electronically.

How SuperStream works

SuperStream is the way all employers must pay employee superannuation guarantee contributions to super funds. With SuperStream, money and data are sent electronically in a standard format.

Your employee super information is linked to your super contributions by a unique payment reference number (PRN)

ATO warns businesses against falsifying their GST claims

Posted by Team AVS on 6 Aug, 2025 0 Comments

The ATO is cracking down on GST fraud in the property and construction industry.

The Australian Taxation Office (ATO) is sending a clear message to businesses considering committing GST fraud, making dishonest claims and falsifying invoices.

Assistant Commissioner Adam O’Grady said the fraud is currently predominantly within the property and construction industry. We’ve also identified early signs of it proliferating in other industries

ATO app puts protection in your pocket

Posted by Team AVS on 28 Jul, 2025 0 Comments

Download the ATO app for extra protection this tax time.

As millions of Australians are preparing to lodge their tax returns, scammers are actively seeking new ways to exploit personal information. If successful, they can use stolen details not only to commit fraud against the Australian Taxation Office (ATO), but also carry out broader identity theft and financial crimes across the community.

The ATO has reported a sharp rise in impersonat

Missed and late super guarantee payments

Posted by Team AVS on 28 Jul, 2025 0 Comments

What to do if you're an employer and don't pay an employee's super guarantee (SG) in full, on time or to the right fund.

If you don't pay super on time

If you don't pay an employee's super guarantee (SG) to the right super fund on or before the due date you must:

lodge a super guarantee charge (SGC) statement
pay the super guarantee charge.

If an employee believes their SG contribution hasn't been paid correctly, they can con

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AVS Business Services have been our Accountant for couple of years now. This technical expertise coupled with personalised service is an excellent combination. I would happily recommend them to anyone looking for an accountant.

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AVS Business Services have been our tax advisers and accountants for more than 3 years now. We have a great working relationship and constantly receive industry updates and useful information for our business. I would recommend AVS to any one as I feel they provide a very professional, timely and accurate service. They are well versed in Tax and superannuation legislation and support all of our business needs. They are a pleasure to deal with and we are sure that we are always dealing with advisers who understand business very well.

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"We've utilised the services of AVS Business Services for a few years now and can honestly say the team of AVS have always provided excellent service on a personal and business level. Nothing is too much trouble and they're readily available to assist at the drop of a hat. Their service sets them apart from previous accountants worked with. We would definitely recommend their service to anyone looking for an accountant.”

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“I was looking to move away from accounting on spreadsheets so that I could have better control over my business. AVS Business Services looked in detail at my accounting needs and helped me choose the solution that is best for me. I am very pleased with the inputs I receive from them on a regular basis and would recommend their services to anyone without hesitation”

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