Here, our financial experts take a close look at what’s happening in the world of finance.
We uncomplicate breaking announcements from the Reserve Bank of Australia (RBA), the Australian Taxation Office (ATO), the Australian Securities and Investments Commission (ASIC) and the Federal and State Governments so you can understand how those changes will impact you, your family or your business.
If you’re wanting to stay up-to-date on topics such as interest rates, tax planning, superannuation, the Federal Budget, incentives and schemes, HELP debt, deductions, concessions, depreciation, investment properties and much more, this is where you’ll find the answers.
Knight is with you every step of the way as you strive for financial success. If you’d like some additional information regarding any financial news, please reach out for a consultation to plan your next step.
Bitcoin and Tax: Could CGT Rules Change for Crypto Investors?
A recent court decision in Australia has stirred questions about how the Australian Taxation Office (ATO) might treat Bitcoin in the future. For anyone holding Bitcoin or other crypto assets, this development could affect how gains and disposals are taxed. What happened In a recent criminal case involving the theft of Bitcoin, a court in Victoria ruled that Bitcoin should be considered more like cash than a traditional asset. The judge’s reasoning compared Bitcoin to Australian dollars, rather than to
ATO Tightens Rules For Holiday Homeowners. What It Means For You
The Australian Taxation Office (ATO) has released new draft guidance that could significantly change how deductions on holiday homes are treated. If you own a holiday property that’s sometimes rented out, this update could impact your next tax return. What’s changing In the past, owners who made their holiday home “genuinely available for rent,” such as through booking platforms or local agents, could usually claim deductions for the period the property was available. This applied even if the property was
Festive Season Tax & GST Guide
Festive Season Tax and GST Guide As the festive season kicks off, many businesses face questions about entertainment expenses, gifts, and catering and how these impact GST claims, Fringe Benefits Tax (FBT), and income tax deductibility. To help you navigate these rules with confidence, Knight has prepared the Festive Season Tax and GST Guide. This concise resource is designed to give you clarity on common scenarios such as staff Christmas parties, client entertainment and gifts for clients or employees. It outlines:
How To Navigate Capital Gains Tax On Inherited Assets In Australia
Managing inherited assets often comes with important financial considerations. Beyond the paperwork, it’s vital to understand how capital gains tax (CGT) applies to what you’ve received. Having a clear picture early helps you make informed decisions that protect and grow your financial position. Understanding capital gains tax on inherited assets There’s no separate inheritance tax in Australia, but CGT may apply when you eventually sell or transfer an inherited asset such as property, shares, or investments. You essentially inherit the
From Paperwork to Performance: How Going Digital Transformed a Perth Electrician’s Business
When paper systems stop pulling their weight Running a trade business is hands-on by nature. But for one Perth electrician, too much time was being lost off the tools. He was spending hours each week buried in paperwork, chasing receipts, and manually reconciling payments. Job information was written down, invoices were filed by hand, and getting ready for BAS meant digging through piles of documents. Admin had become a full-time job on top of running a business. Despite the hard
Advanced Tax Strategies for High-Net-Worth Individuals Inheriting Wealth in Australia
A large inheritance can change what’s possible for your family. But it also raises questions that aren’t easy to answer, especially when tax is involved. For high-net-worth individuals, managing inherited wealth well means knowing where the traps are, what options you have, and how to protect the value for the long term. It’s not just about compliance. It’s about making decisions that hold up five, ten, twenty years from now. Why inheritance tax planning gets complicated fast Most high-value estates
Wealth Preservation: Expert Financial Advice for Managing a Significant Inheritance
You’ve just inherited a lump sum or a property. Maybe both. That wave of emotion hits, and then come the questions. Should you pay down your mortgage? Invest it? Save it for the kids? For many people, the hardest part is knowing what to do first. Here’s a guide that cuts through the noise and helps you make sense of it. Get a plan in place before you spend a cent One of the biggest traps after receiving an inheritance
WA State Budget 2025: What Business Owners Need to Know
This year’s WA Budget delivers stability for business owners. While there are no new grants or tax breaks, there are still a few key changes that could affect cash flow and operational planning. Power Credit for Business From 1 July 2025, approximately one million WA small businesses will receive a $150 power bill credit, funded by the Commonwealth Government. Issued in two instalments of $75, automatically for Synergy and Horizon Power customers. Businesses using embedded networks or non-standard arrangements must
What the 2025 WA State Budget Means for You and Your Family
Cutting through the noise – here’s what actually matters. The WA Government’s 2025–26 Budget offers continued, though more targeted, cost-of-living support for households. While broad-based relief has been pared back, several meaningful measures remain, particularly for families managing energy bills, school costs, and transport. Power Credit: What’s Changed From 1 July 2025, every Western Australian household will receive a $150 electricity credit, funded by the Commonwealth Government. This replaces the previous $400 credit funded by the State. Delivered in two