2025 Federal Budget

Not Yet Legislated The federal budget is essentially a plan for the next few years. All announcements need to be approved by Parliament before they become Law – so any proposed tax cuts or other changes are not set in stone.  BUDGET POSITION The budget immediately before an election is unfortunately always more about votes […]

ATO Moving Businesses To Monthly BAS’s

Action Points If you have outstanding BAS’s, now is the time to get them up to date to avoid the ATO moving you to monthly BAS’s. Key Links We highly recommend you have a read of: https://www.ato.gov.au/businesses-and-organisations/corporate-tax-measures-and-assurance/our-focus-areas-for-small-business/building-good-habits/quarterly-to-monthly-gst-reporting THE ATO IS CRACKING DOWN ON POOR BAS COMPLIANCE The ATO have announced that from 1 April 2025, […]

Tips For Maintaining Your Trust

Summary Many people involve a trust in their business or investment structures, but very few people fully understand what you need to do to maintain your trust to ensure that it not only continues to serve its purpose, but also doesn’t create headaches for you. BASIC OVERVIEW OF A TRUST A trust is essentially an […]

PAYG Instalment Variation Warning

Summary The ATO are cracking down on people who vary their PAYG Instalments to $0 (or another low figure) as a way of deferring their tax until the end of the year. We are starting to see the ATO charge interest on the amounts that should have been paid, which in some cases can end […]

Margaret is Retiring & Other Staff Changes

“We know Margaret would probably like to drift off into retirement quietly, but if you get a chance to call her and thank her for everything, I’m sure she would appreciate it.” WELCOME EBONY HART Firstly, we’d like to introduce Ebony Hart to our clients!! Ebony will be working with us in our Carrum Downs […]

EOFY 2024 – Businesses

Tax Laws (and associated Laws) are changing constantly, which makes it difficult for small business owners in particular to keep track of everything they need to know. Complying with the rules is hard enough, let alone being proactive to minimise your tax and maximise your wealth. We’ve created this article to cover some of these […]