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Booking the Band? You May Have Just Hired an EmployeeBooking a band, a DJ or an AV crew for your Christmas function? You...
16/10/2026

Booking the Band? You May Have Just Hired an Employee

Booking a band, a DJ or an AV crew for your Christmas function? You may have just taken on a superannuation obligation without realising it.

➡️https://rvn.com.au/news/rvn-next-move-september-2026/

Under the law, anyone paid to perform, present or provide services connected to a performance is deemed your employee for super purposes — ABN or not, one-off or not. And with Payday Super now in effect, that obligation attaches to each payment almost immediately.

Getting it wrong is expensive: the superannuation guarantee charge isn't deductible, and the ATO can review arrangements going back years.

If you're booking performers or contractors this festive season, talk to us first about how those payments should be structured.

👉 Read the article: https://rvn.com.au/news/rvn-next-move-september-2026/

Director IDs: Do Your Housekeeping Before ASIC Does It For YouYou have twelve months to find out whether ASIC's records ...
29/09/2026

Director IDs: Do Your Housekeeping Before ASIC Does It For You

You have twelve months to find out whether ASIC's records about you and your companies are actually correct - and 1 July 2027 is not a deadline you want to discover the hard way.

https://rvn.com.au/news/rvn-next-move-september-2026/

From that date, ASIC starts reconciling its company register against the director ID register - two systems that have never spoken to each other before. Any mismatch, from an old registered office to a missing director ID, comes with a fee attached.

Late lodgement fees run from just over $100 to more than $400 per form, per company. Not holding a director ID at all is a strict liability offence with penalties approaching $20,000.

If you'd like help getting ahead of this before it costs you, we're here to help.

👉 Read the article: https://rvn.com.au/news/rvn-next-move-september-2026/

Guilty Until Proven Innocent?A former grocery worker declared $42,000 in wages. The ATO assessed her on $587,000 - more ...
16/09/2026

Guilty Until Proven Innocent?A former grocery worker declared $42,000 in wages. The ATO assessed her on $587,000 - more than thirteen times her salary - and added a penalty on top. Here's how it happened, and what it means if large sums have moved through your accounts.

➡️ https://rvn.com.au/news/rvn-next-move-august-2026/

Records from The Star in Sydney, The Star on the Gold Coast, and Crown in Melbourne showed $480,000 had been put through casino credit accounts in her name. She said the money came from winnings and loans from friends. Without documentation to back that up, she couldn't discharge her onus of proof - and the Commissioner's assessment of $587,394 stood.

This is how tax disputes work in Australia. The ATO doesn't need to prove the money was income - you need to prove it wasn't. Bank deposits that don't match your declared income are exactly what the ATO's data-matching program is built to find. The penalty in this case started at 75% for intentional disregard and was reduced to 50% for recklessness - on a shortfall of this size, a very significant sum before interest.

If you've had large sums moving through your accounts this year - from any source - it's worth a conversation with us before your return is lodged.

👉 Read the article: https://rvn.com.au/news/rvn-next-move-august-2026/

The $30 Million "Gift" That Wasn't - Most people assume gifts from family overseas aren't taxable. The Cheung case - dec...
07/09/2026

The $30 Million "Gift" That Wasn't - Most people assume gifts from family overseas aren't taxable. The Cheung case - decided by the Full Federal Court in May 2026 - is a costly reminder of how quickly that assumption can unravel.

https://rvn.com.au/news/rvn-next-move-august-2026/

Rene Cheung received more than $30 million from his sister in Vanuatu across 99 deposits over a decade. He said they were gifts. He won at the Federal Court in 2024 - and then lost when the Commissioner appealed. The Full Court found the documentation and consistency of evidence wasn't enough to discharge the onus of proof. The entire amount became taxable income.

The burden in a tax dispute sits with the taxpayer, not the ATO. That means having a deed of gift, the donor's bank statements, formal ID, and a clear paper trail - gathered at the time of the transfer, not years later when a review arrives. Every international transfer over $10,000 is already reported to AUSTRAC.

If family overseas is planning to send you money of any kind, contact us before the transfer — a short conversation and the right paperwork can save an argument worth far more than the gift itself.

👉 Read the article: https://rvn.com.au/news/rvn-next-move-august-2026/

If you've borrowed money and lent it to your family trust interest-free, you may be claiming an interest deduction you'r...
31/08/2026

If you've borrowed money and lent it to your family trust interest-free, you may be claiming an interest deduction you're not entitled to - and the ATO takes a firm view on this exact arrangement.

https://rvn.com.au/news/rvn-next-move-august-2026/

The rule is straightforward: to claim interest, the borrowed money must be earning you assessable income. Lending it to your trust at no interest means the loan earns you nothing. The distribution you later receive is the trustee's discretion - it's not a return on your loan, and with a discretionary trust, no one is guaranteed one.

There are two clean ways to structure this correctly: a genuine loan to the trust at a commercial interest rate, properly documented, or an agency arrangement where the trust is the true borrower from the outset. Both work - but only if they're in place before you borrow. Neither can be fixed after the fact.

If you're thinking about borrowing to invest through your family trust, let's talk before anything is signed - the right structure needs to be set up from the start.
👉 Read the article: https://rvn.com.au/news/rvn-next-move-august-2026/

"But I Can't Do My Job Without It" - There's a common misconception in tax law: if an expense is unavoidable for your jo...
24/08/2026

"But I Can't Do My Job Without It" - There's a common misconception in tax law: if an expense is unavoidable for your job, you can claim it. The truth is, unavoidability is just the first of three questions your deduction has to answer.

https://rvn.com.au/news/rvn-next-move-august-2026/

Whether it's a suit, a daily parking fine, or a business logo on the car the expense might be completely real and genuinely necessary. But the tax law doesn't reward necessity. It asks whether the cost is private in nature, whether it's really the purchase of a lasting asset, and whether a specific rule blocks it entirely.

Suits are conventional clothing. Grooming is personal. Parking fines are specifically blocked by legislation - no matter how unavoidable the situation. An expense has to clear all three questions, and being unavoidable only helps with the first.
If you're unsure whether a work-related expense qualifies, reach out to us before lodgement - we're happy to talk it through.

👉 Read the article: https://rvn.com.au/news/rvn-next-move-august-2026/

New AML / CTF Laws - From 1 July 2026, Australia’s anti-money laundering and counter-terrorism financing laws will apply...
28/07/2026

New AML / CTF Laws - From 1 July 2026, Australia’s anti-money laundering and counter-terrorism financing laws will apply to a wider range of professional services, including certain services provided by accountants.

What does this mean for you?

You may notice that we occasionally request additional information when assisting with matters involving companies, trusts, business structures, asset transactions and other services covered by the new legislation.

This may include:

• Identity documents • Details of directors, trustees, shareholders or beneficiaries • Information about the purpose of the work we are undertaking • Source of funds or wealth information where required • Updates if your ownership or contact details change

These checks are part of our legal obligations and help protect our clients, our firm and the Australian financial system.

In many cases, the information requested will be straightforward and may already be on file.

We are updating our procedures to make the process as simple, secure and efficient as possible, and we will always explain what information is needed and why.

📌 No action is required unless we contact you directly.

If you have any questions about how the new AML/CTF requirements may affect the services we provide to you, please contact our office.

Don't Let Tax Drive Your Investment DecisionsTax rules can influence investment decisions - but they shouldn't be the on...
22/07/2026

Don't Let Tax Drive Your Investment Decisions

Tax rules can influence investment decisions - but they shouldn't be the only factor.

From 1 July 2027, negative gearing for residential property will be limited to new builds, with changes also proposed to the capital gains tax rules.

While tax concessions can be valuable, history has shown that quality, well-located established properties often outperform new builds over the long term through stronger capital growth.

When evaluating an investment property, ask yourself:

🏡 Is the location in demand?
📈 Does it have long-term growth potential?
🚉 Is there good infrastructure and employment nearby?
💰 Will the investment still make sense if tax rules change?

The best investment decisions are built on strong fundamentals - not just tax outcomes.

If you're planning to invest or review your property portfolio, we'd be happy to discuss how the upcoming changes may affect your strategy. See more information regarding the tax changes in our newsletter - https://rvn.com.au/news/

When was the last time you reviewed your will?Recent proposed tax changes could affect how testamentary trusts created t...
13/07/2026

When was the last time you reviewed your will?

Recent proposed tax changes could affect how testamentary trusts created through a will are taxed in the future.

While the legislation has not yet been passed, it highlights the importance of having an estate plan that is flexible enough to adapt if the rules change.

Rather than locking your beneficiaries into one structure, a well-drafted will can give your executor the flexibility to establish the most appropriate trust based on the laws in place at the time.

Estate planning isn't just about distributing assets—it's about protecting your family and preserving your options.

If it's been a while since you reviewed your will, now is an ideal time to revisit your estate plan. See more information in our latest newsletter - https://rvn.com.au/news/

From 1 July 2026, employers will no longer pay super quarterly. Instead, super contributions must be paid every payday a...
07/07/2026

From 1 July 2026, employers will no longer pay super quarterly. Instead, super contributions must be paid every payday and received by your employees' super funds within 7 business days.

This means businesses should review their:

✔ Payroll software
✔ Super clearing house arrangements
✔ Cash flow planning

Late payments can trigger the Super Guarantee Charge, with interest and significant penalties applying.

If you're currently relying on the quarterly payment schedule to manage cash flow, now is the time to adjust your processes before the new rules take effect.

Need help preparing your business? Our team can help ensure you're ready before your first payroll under the new system.

https://rvn.com.au/news/

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