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Practice News

Accounting

Granny Flat Arrangements

If you are providing housing for life to people who have reached pension age, or require assistance due to a disability, you may be entitled ...
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Accounting

Superannuation Contributions – A Refresher

We are currently seeing an increase in ATO compliance activity for late employer superannuation contributions. So this seems like a good time for a refresher ...
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Accounting

Your Knowledge Update – October 2024

Inside this month’s Your Knowledge Update – Implications for employer with Payday Super, Ban on Genetic Testing and the tax implications for property inheritance. Download ...
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Accounting

Base Rate Entity and Impact of Capital Gains

A company is a Base Rate Entity (BRE) for an income year if: the company’s aggregated turnover for that income year is less than the ...
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Accounting

Your Knowledge Update – September 2024

Inside this month’s Your Knowledge Update – Tax Fraud Scams, Property and ‘Lifestyle’ Assets and is the RBA to blame for the economic state of ...
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Accounting

Small Business Energy Incentive

For the 2024 financial year, there are opportunities to help your business become more energy efficient while maximising your tax deductions through the Small Business ...
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Accounting

Your Knowledge Update – August 2024

Inside this month’s Your Knowledge Update – When is a gift not a gift and Divorce, you and your business. Download this month’s issue here: ...
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Accounting

Apportioning rental expenses for renting out part of your home

Renting out part of your home can be a great way to generate extra income, but it also brings certain tax obligations. One of the ...
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Accounting

Employee vs Contractors – Your obligations as an employer

A common issue that employers often face is the employee vs contractor relationship and the obligations that may arise. These obligations include PAYG Withholding, Superannuation ...
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Accounting

Instant Asset Write-Off Threshold

Legislation was recently passed that increased the instant asset write-off threshold to $20,000 for 1st July 2023 to 30th June 2024. Eligibility to access the ...
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Accounting

Your Knowledge Update – July 2024

Inside this month’s Your Knowledge Update – Your guide to what’s ahead for 2024-2025. Download this month’s issue here: Your Knowledge July 2024
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Accounting

Vale Paul Tierney

We are very sad to announce the passing of Paul “Bluey” Tierney, who left us peacefully this weekend, surrounded by family, at the age of ...
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Accounting

End of Year Payroll

With the start of the new financial year upon us, business with employees need to turn their attention to completing their payroll for the previous ...
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Accounting

Your Knowledge Update – June 2024

Inside this month’s Your Knowledge Update – Your guide to 30 June, ATO’s warning on Trust Distributions, and 1st July, 2024 changes. Download this month’s ...
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Accounting

Getting Organised for Tax Time

GETTING ORGANISED FOR TAX TIME: While June is a good chance to make any of those last tax-deductible purchases, it is also a good time ...
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Accounting

SRO’s Vacant Residential Land Tax

Do you own a residential investment property or holiday home? The SRO’s Vacant Residential Land Tax rules may affect you. Investment Property & holiday home ...
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Accounting

Your Knowledge Update – March 2024

Inside this month’s Your Knowledge Update – Fringe Benefits Tax Traps, ATO’s debt ‘on-hold’ dilemma, 1st July super cap increase and loans to get a ...
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Accounting

Changes to Stage 3 Tax Cuts

Government announces changes to the stage 3 tax cuts: The government has introduced amendments to the legislation in relation to the stage 3 tax cuts ...
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