EOFY Checklist 2026: Key Deadlines Before 30 June
EOFY Checklist 2026: Key Deadlines and Smart Actions Before 30 June This EOFY checklist 2026 is designed to help business […]
Taxation
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
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.
Bookkeeping vs Accounting for Small Business – Why Your Business Needs Both
Running a small business means juggling a lot of moving parts. Understanding bookkeeping vs accounting for small business is an
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.
Holiday cash flow for your small business
This time of year can be hard on small businesses. With a bit of pre-planning and being proactive, you can set yourself up for a financially stress-free holiday. Talk to us. We can help.
#smallbusiness #cashflowtips
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.
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.
The ATO’s new Tax Toolkit for small business owners
The ATO’s updated Tax Time toolkit is your 101 guide to business taxes. We’ve summarised the key resources you can find in this toolkit, with links to the ATO site.
#tax #compliance #smallbusiness #businesstips
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.
2025 Year-End Tax Planning Opportunities & Risks
With the end of the financial year fast approaching, we outline some opportunities to maximise your deductions and give you
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
FBT 2025: What you need to know
The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees. FBT
Mastering expense management in your business
Effectively managing expenses is crucial for sustaining growth and ensuring profitability of your business, while also making for an easier journey. Eight strategies to better manage your business expenses and keep your operations running smoothly.
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.
Christmas Parties and Fringe Benefits Tax
The end of year is fast approaching, meaning gifts and parties become part of your business. We’re here, as always, remind you of your tax obligations and to assist in your decision making.
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