Blogs & Resources
Division 296 Tax Update: What It Means for You
The Federal Government has announced important changes to the proposed Division 296 tax, which will affect individuals with superannuation balances over $3 million. These updates aim to make the tax fairer and more practical, especially for SMSF members and...
Empowering Change Through Advice
Your evolving needs are guiding the Supervision Group toward deeper engagement in advisory services. While our primary role remains compliance—and always will—engagement represents a meaningful shift. Compliance is mandatory. Engagement is a choice. We are currently...
Tax Agents Join the Fight Against Financial Abuse
The Australian Taxation Office (ATO) has recently taken a proactive step by educating Tax Agents on the signs and impacts of financial abuse. The statistics are alarming: 1 in 6 women and 1 in 13 men in Australia experience financial abuse. Tax Agents, including...
Why You Receive an Engagement Letter Every Year — And Why It Matters
At Supervision, we send you an Letter of Engagement annually after your SMSF tax return has been completed. This isn’t just a formality—it’s a vital part of maintaining transparency, trust, and regulatory alignment in your SMSF journey. What Is an Engagement Letter? ...
Lodging Through a Tax Agent vs DIY: What’s Best for You This Year?
As tax season rolls around, many Australians are faced with a familiar question—should I lodge my tax return myself, or engage a registered tax agent? Both options are viable, but the right choice depends on your circumstances, financial goals, and how confident you...
Cash Flow Mastery: Surviving and Thriving in the New Financial Year
Cash flow is the heartbeat of any business. In today’s climate, mastering it is not just important, it is essential. As we move into the 2025/2026 financial year, Australian businesses, particularly SMEs, are navigating economic uncertainty, rising operational costs,...
Tech Stack Review 2025: Is Your Business Using the Right Tools?
As the new financial year begins, it’s the perfect time for businesses to review more than just their numbers. Your technology stack or the combination of software tools you use to run your business plays a critical role in efficiency, compliance, and long-term...
Division 7A in FY2025–26: Avoiding Tax Traps in Shareholder Loans
If you're running a private company and have extended funds or benefits to shareholders or their associates, Division 7A should be firmly on your radar this financial year. The ATO continues to treat it as a key compliance priority, and with the benchmark interest...
Are Your Books Audit Ready? What the New QMS Standards Mean for Your Business
Here’s why the new standards matter for your business, and how working with a compliant, proactive bookkeeping team helps you stay audit-ready and financially protected. Why It Matters to Business Owners The new QMS standards require bookkeepers to take a risk-based...
EOFY to New FY: Tax Planning Conversations to Have With Your Accountant
As one financial year ends and another begins, many businesses and individuals focus on finalising accounts and lodging returns. But smart financial planning doesn’t stop on June 30—it’s just getting started. The transition from one financial year to the next is the...
Harnessing Innovation to Enhance Efficiency, Accuracy, and Client Experience
Managing change is difficult. Humans have been highly successful at meeting the everchanging external environment. That is why our species dominates the globe. Whilst the primary focus of our business has not changed, we have seen massive change in how we do our work...
Maximising Your Super for Every Stage of Life – Smart Contribution Strategies
We talk about the power of contributions all the time. The following table describes the mix of contributions available to those aged under 75 and who they help the most. We are committed to helping you and your financial adviser to realise your contribution...