Card Surcharge Removal: What Businesses Need to Know
From 1 October 2026, businesses will no longer be able to apply a surcharge to debit, prepaid and credit card payments on designated eftpos, Mastercard and Visa networks.
Compliance
AML/CTF Rules for Accounting Clients
From 1 July 2026, thousands more businesses—including accounting and professional services firms—are now regulated under Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws.
Payday Super is almost here – a final reminder for employers
Payday Super is almost here, and now is the time for employers to make sure their payroll and super processes
2026 Year-End Tax Planning: What to Check Before 30 June
2026 Year-End Tax Planning: What to Check Before 30 June EOFY can creep up quickly. A bit of planning now
Taking steps to stay compliant with ATO rules
The ATO is cracking down on compliance. Here are five ways your small business can remain compliant and stay in the ATO’s good books.
#tax #ATO #businesstips
Moving from Quarterly Super to Payday Super – 2026 Guide
From 1 July 2026 Payday Super will be mandatory. Instead of quarterly super payments to employees’ funds, contributions will need to be paid at almost the same time as salary and wages. Read on for full details on what’s required and what is changing.
FBT 2025–26: What Businesses Need to Know Before 31 March
The FBT 2025–26 year runs from 1 April to 31 March, with the current year ending on 31 March 2026.
Holiday home tax deductions – ATO guidance for short-term rentals
The ATO has issued provisional guidance for individuals on income and deductions relating to rental properties including holiday homes. The guidance applies to individuals who are not using rental properties in carrying on a business.
Small business instant asset write-off – $20,000 threshold explained
A bill amending the Income Tax (Transitional Provisions) Act 1997 to extend the $20,000 instant asset write-off until 30 June 2026 has been passed in parliament and awaits royal assent.
ATO Rental Data Matching: What Property Owners Need to Know
The ATO has commenced issuing rental data-matching letters to taxpayers whose tax returns may not align with information reported by third parties.
FBT Christmas Party Review – What to Check
By November, most businesses have already secured their Christmas party venues, locked in catering and finalised plans for staff gifts
Small business instant asset write-off to be extended for 2025–26
A bill amending the Income Tax (Transitional Provisions) Act 1997 to extend the $20,000 instant asset write-off until 30 June 2026 has been introduced to parliament.
ATO elaborates its directive on calculating ordinary time earnings
The ATO has provided elaborated guidance for employers when computing ordinary time earnings for superannuation guarantee purposes.
Payday Super update: draft legislation and closure of SBSCH
Aiming to provide better retirement outcomes for employees, from 1 July 2026, employers will be required to pay their employees super at the same time as their salary and wages.
Changes coming for student loan balances and repayment thresholds
A Bill introduced in parliament is proposing changes that will reduce Higher Education Loan Program (HELP) and other student debts that were incurred on or before 1 June 2025.
Reducing the uncertainty: financial forecasting and planning
Economic conditions and the costs of trading make it difficult to keep your finances on track. We’ve got five ways to reduce the financial uncertainty and improve your planning.
#finance #planning #forecasting
Underpaying your staff is now a criminal offence: what this means for your business
It’s now a criminal offence to intentionally underpay your employees. Here’s the lowdown on the new Voluntary Small Business Wage Compliance Code and what it means for your business.
#wages #payroll #businesstips
Federal Budget 2025-26: what it means for your small business
The Treasurer, Jim Chalmers, delivered the Federal Budget on 25 March. But what’s in the Budget for small business owners? We’ve got the lowdown on the main opportunities.
#FederalBudget #Budget #businesstips
Getting help with your small business debt
Is your business debt getting out of control? Come and talk to us about strategies for reducing debt and getting cashflow under control.
#tax #accounting #businesstips
Christmas bonuses and other festive payroll matters
Wanting to acknowledge the hard work of your employees this year? Make sure you report Christmas bonuses and other one-off payments correctly this holiday season.
Selling your business: planning your exit
Selling your business doesn’t happen overnight. It’s important to start planning your exit strategy sooner rather than later, as we explain in these five tips for planning your business sale.
#exitstrategy #sellingup #businesstips
Your upcoming tax calendar for November and December 2024
With the end of the calendar year and holiday season fast approaching, please do not forget about your tax obligations. Here is a list of key tax dates for November and December 2024.
Common errors for rental property owners
The ATO has published a list of common errors found in rental property schedules. Ensure that you are not double dipping or you may need to lodge an amendment.
Your upcoming tax calendar for September and October 2024
As tax time is well and truly in full swing, please do not forget about your tax obligations for 2025. Here is a list of key tax dates for September and October 2024.
DIY accounting vs hiring an accountant: make the right choice for your business
DIY accounting might sound like a good economy, but investing in an accountant could be the best financial decision you make as a business owner.
#businessadvice #SmallBusiness #accounting