Resources

Want expert help with managing your building and construction industry finances? Get in contact today for a review of your business systems, and let us help you to thrive. Using the right tools for the job always makes things easier.

You’ve sold your business and have the money burning a hole in your pocket. What happens next? We’ve got some great options for your post-exit life to consider.

Are you managing your farm’s payroll on paper or spreadsheets? The FWO and ATO are actively investigating agribusiness payroll records. Talk to us about getting a digital system that will save time and money and make payroll record keeping a breeze.

Christmas Parties and Presents - and Tax!

Are you aware of fringe benefits you are offering at Christmas time?

Employees and the Holiday Season – What You Need to Know

The ATO will be given powers to direct a taxpayer to undertake a record-keeping education course in lieu of an administrative penalty.

The October 2022 Federal Budget contains measures which may provide you with an ability to earn some extra income without hurting your social security entitlements, to ease cost of living pressures.

Ready to think about selling your business? Before you put the company on the market, it’s vital to go through a process of adding additional value to the business. We’ll help make sure you're running a tight ship.

Age pensioners and income recipients are set to benefit from a change in rules to the eligibility tests in relation to their principal home. See how changes to the income and assets tests may affect you.

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.

Small businesses will get a bonus tax deduction on top of the allowable deduction for training their employees.

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.

Crypto assets are being specifically excluded from being foreign currency for income tax purposes, with exposure draft legislation released.

The ATO is resuming debt recovery action and issuing director penalty notices. If you’ve received a DPN letter about personal liability for business debt, talk to us so we can help manage your finances and your business ops can continue uninterrupted.

Not sure about the guidelines for cashing out annual leave? You need to know some essential rules before paying out annual leave so that employees are not disadvantaged. Talk to us, and we'll help review your payroll and leave obligations.

The $450 threshold for super eligibility is removed from July 2022. This could impact payroll costs. If you rely on a pool of casual workers who earn less than $450 per month, talk to us. We can help you prepare for the increased cost.

Do you know the difference between a financial and management accountant? If you’re keen to grow, switching to the benefits of management accounting could have a huge impact on your future destiny.

From 1 July 2022, new electric vehicles under the luxury car limit will be exempt from fringe benefits tax. This means that an electric vehicle under $84,916 can be salary packaged for a substantial tax benefit.

The way to calculate a working from home deduction for running expenses has been adjusted from 1 July 2022, with the ATO issuing a new hourly rate and changes to previous years.