Budget 2025-26: Show Me The Money
The Government’s big moment in the 2025-26 Federal Budget was the personal income tax cuts. Income tax cuts are a dazzling headline but in reality they deliver a tax saving of up to $268 in the 2026-27 year, with a tax saving of up to $536 from the 2027-28 year. At the same time, the […]
Chloe Hyam promoted to Bookkeeping Manager
We’re thrilled to announce a significant milestone for our team: Chloe has been promoted to Bookkeeping Manager! Since joining our team, Chloe has consistently gone above and beyond to deliver outstanding results. Her deep understanding of bookkeeping, attention to detail, and proactive mindset have helped countless clients streamline their financial processes and achieve greater clarity […]
Understanding the Upcoming Changes in Australian Workplace Legislation: Closing the Loopholes
As part of Australia’s ongoing effort to close loopholes in workplace laws, significant changes are set to come into effect on 26 August 2024. These reforms, aim to address issues related to casual employment, independent contracting, and the right to disconnect. Below is a summary of the upcoming changes: 1. Changes to Casual Employment The […]
Federal Budget 2024/2025 – Highlights Cheat Sheet
The recent Federal Budget announced has left us feeling underwhelmed with its minimal changes and a few headline-grabbing initiatives. While there may not have been any groundbreaking policies, it’s still crucial to understand the implications. To assist we have created a Cheat Sheet, please click here to download. Extending & Funding Compliance Programs What? Extending […]
Super Compliance under ATO Microscope
The ATO is now diligently examining super guarantee (SG) contributions, ensuring not only their completion but also their timeliness. Employers who are late or non-compliant in their contributions are quickly identified and contacted by the ATO. Methods ATO use to detect Late Super Payments One key area of investment has been in enhancing data matching […]
Ace in the Hole: Budget 2023-24
The ‘ace in the hole’ of the 2023-24 Federal Budget was the $4.2bn surplus; the first in 15 years. Click here to download your guide to the budget, or read on for a summary. The surplus was driven by a surge in the corporate and individual tax take. High commodity prices, inflation, and high employment […]
Single Touch Payroll (STP) Phase 2 – It’s Time
Single Touch Payroll (STP) reporting was introduced to streamline the way employee payroll information is reported. STP Phase 2 has been rolling out since 1 January 2022. Many major software providers had applied for deferrals to get their software up to date. These blanket deferrals are coming to an end with the majority of providers […]
2022 – 2023 Budget Summary
There’s nothing in the 2022-23 Federal Mini Budget that will create a UK style crisis. The stage 3 tax cuts legislated to commence on 1 July 2024 are not mentioned, and most funding initiatives appear to be a reallocation of previous Government initiatives. With seven months before the 2023-24 Budget released in May 2023, this […]
FBT-free Electric Cars
New legislation announced and currently before Parliament, if enacted, will make zero or low emission vehicles Fringe Benefits Tax (FBT) – free. Why is the Government doing this and how can you access the concessions? Firstly, current Electric Vehicles (EV) represent just under 2% of the country’s national car sales — well behind New Zealand […]
Important: New domain name changes could leave your business at risk!
A new system was introduced to allow shortened domain names. The shorter simpler domain names will end in .au rather than .com.au, .net.au, .org.au, .gov.au or .edu.au. Business owners are being warned they could face an increased risk to their business in cybercrime amid changes to the Australian internet domains changing to .au. The rules […]
