Business and Tax Experts

The end of year is fast approaching, meaning gifts and parties become part of your business. We’re here, as always to remind you of your tax obligations and to assist in your decision making.

From 1 July 2026, employers will be required to pay their employees' super at the same time as their salary and wages.

The ATO will conduct a data matching program to acquire property management data from property management software companies for 2018-19 through to 2025-26.

If you’re thinking about setting up a self-managed superannuation fund, here are five key areas to be aware of when managing your fund. #SMSF #superannuation

The 2024–25 Federal Budget is out, here are the highlights sharing what you need to know for you financial year ahead #FederalBudget2024

Tax time 2024 is fast approaching and with many individuals still working from home partially or completely, this quick guide can assist you with completing the calculations for claiming the deduction. #expenses #homeoffice

The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees.

The ATO is reminding businesses to lodge any overdue taxable payments annual reports for 2022-23 or prior years, by 22 March to avoid being penalised. 

Tax may be boring, but smart use of tax planning is a superb way to help your company do more with your money. #tax #accounting #businesstips #tax #taxplanning

Consumers are becoming increasingly green in their purchasing habits. So, we’ve pulled out five ways to make your business more green, sustainable, and eco-friendly. #businessadvice #SmallBusiness #SmallBiz #sustainability

If your medical practice pays contractors, you could be caught by tax laws that deem some contractor payments the same as wages. 

The rules on entitlements for public holidays, shutdowns and leave provisions can be confusing. Has your business got a plan for staff annual leave and public holidays? We can help you plan for cash flow while meeting your employer obligations.

When you’re in control of your profit and loss (P&L), you have a tighter hold on the reins of your profitability. Read our Plain English guide to P&L and learn how to boost your profits. #tax #accounting #businesstips #ProfitAndLoss #P&L

Want to push your business to the next level? We’ve shared 10 hot questions to ask yourself as a business owner, with advice on how they will drive your growth and success. #businessadvice #SmallBusiness #growth #strategy #advice

Are you looking to purchase assets for your business? Eligible businesses can spend up to $20k per asset and immediately claim the tax deduction and GST. Talk to us about the best strategy for purchasing business assets.

Thinking about end-of-life planning might sound morbid. But by planning ahead, you remove the worry and hassle for your loved ones and secure your long-term legacy. #businessadvice #SmallBusiness #endoflifeplanning #estateplanning

With the ATO shifting its focus on taxpayers with outstanding tax lodgments and debts, find out how to avoid being penalised at the increased penalty rates in 2023–24.

Thinking of acquiring a business? Whether you’re a new entrepreneur, or a seasoned business owner, we’ve got the key questions you need to ask prior to the purchase #businessadvice #SmallBusiness #acquisitions #M&A

Prepare now for finalising STP payroll data by 14 July. Book a time with us today to check essential employee information, verify the numbers and confirm payroll categories are linked to the correct reporting fields before lodging with the ATO.

As the end of the financial year approaches, the temporary full expensing rules will be coming to an end. Considering this, we explore the options that are now available for small and medium businesses to optimise their tax deductions.

The super guarantee rate will rise in July this year to 11%. Have you calculated the extra cost to your business? This rate increase may also affect salary packages. Talk to us now to start preparing for the changes, so you don't get caught out.

The ATO has announced the commencement of a new data matching program for property investors which involves obtaining data from various financial institutions. Among other things, the information collected will include loan details and borrowing costs.

The Federal Treasurer Jim Chalmers handed down the 2023 Federal Budget on 9 May 2023. The following is a list of highlights from a tax and superannuation perspective.

The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees.

It's time to transition to STP Phase 2 in Xero if you haven't already. Mandatory Phase 2 reporting is set to commence on 31 March 2023. We can help guide you through the steps.

As of 1st Feb, Paid Family and Domestic Violence Leave is a paid leave entitlement for employees of larger employers, and from 1 Aug 23 for employees of small employers. 

Do you know your business breakeven point? Knowing how much income you must generate to cover all fixed and variable costs means you can make better business plans and financial decisions for long-term sustainability and profit.

Did you know that authenticated digital signatures can be more secure than handwritten ones? .

ABN holders will now be required to be more accountable and comply with income tax return obligations in order to keep their registration.

The ATO lets us have a little more time for December lodgments, but you’ll still need to plan for paying your BAS and super soon! Talk to us about getting organised for the first ATO lodgments and payments of 2023 and make the start of the year easy.

Does your business need to improve its cash position? Poor cashflow is a problem for many businesses, whether you’re a start-up or an established family business. Talk to us about how you can get proactive with cashflow management.

Have you got a plan for staff annual leave and public holidays? There are rules to follow on entitlements for public holidays, shutdowns and leave provisions. We can help you plan for cash flow while meeting your employer obligations.

If your business needs to manage expenses more efficiently, check out digital credit cards. Digital cards give you control over spending and minimise fraud and unauthorised auto payments.

The Federal Treasurer, Dr Jim Chalmers, handed down the Labor government's first Federal Budget on 22 October 2022. Here are the highlights of the tax and accounting measures announced. #budget

The temporary fuel excise cut has ended. See what this means for your fuel tax credit claim going forward.

What are the key reports to focus on in your business? We'll show you how to track performance, take action and prepare your company for surviving the new business normal.

If you’re not already using Single Touch Payroll Phase 2 in your payroll software, you may have more time before you have to start using STP 2. Talk to us today to check your payroll systems and software before upgrading to STP Phase 2.

Does your business buy products and services from overseas suppliers? If so, you may be charged GST, but not always! We can review your accounts and software tax codes to make sure GST claims on overseas purchases are correct.

Would you like to know more about the relationship between costs and revenue to make better business decisions? Book a session today to examine your financial reports with an experienced business advisor.