PAL Accounting & Advisory

HELP Debt Help – Good news for Student Loans

Got a HELP debt? You might just be in for a pleasant surprise. The government’s giving your student loan a long-overdue makeover—with a 20% reduction, retroactive indexation relief, and higher income thresholds before repayments kick in. No forms, no Centrelink queues—just less debt. We’ve broken down what’s changing, when it kicks in, and why you might want to hold off making extra repayments right now.

ATO Interest – No longer tax deductible. Ouch!

Had some cashflow issues and copped ATO interest? Until now, at least you could claim it. But from 1 July 2025, that little win is gone. No deduction. No perks. Just pain. This article gives you the heads-up on what’s changing, why it’s happening, and the one simple step you can take to avoid it.

Bucket Companies – The ATO Got It Wrong?

Big news for business owners using trusts and bucket companies— a recent court ruling just challenged the ATO’s long-held stance on Division 7A. This could mean less tax and admin hassle for you. Before making changes, here’s what you need to know and how it could impact you…

Holiday Season Tax Tips for Business Owners

Silly season spending? Before you tap the business AMEX, check out our top tax tips for gifts, bonuses, travel, and more. From client and employee gifts to home office expenses, we’ve got the insights you need to stay savvy this holiday season. Maximise deductions, avoid costly FBT surprises, and keep your records in check. Whether you’re gifting, traveling, or mixing business with pleasure, these tips will help you make the most of your festive business spending.