Accountancy & Business Insights

Keep your finger on the pulse with our accountancy & business insights.

Your tax guide for parties and presents this Christmas We wish you a safe and relaxing Christmas, and an abundant New Year! Before the festivities begin, ensure you are aware of your tax obligations this holiday season. As we approach C

Anthony Pratt 22/11/23 Anthony Pratt 22/11/23

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Taking care of data regulation and ticking the right compliance boxes Your organisation collects huge amounts of customer data - but how do you keep this data safe? We have 5 simple steps to enhance your data compliance requirements. Yo

Anthony Pratt 21/11/23 Anthony Pratt 21/11/23

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A business budget will help with your financial decision making Having control over your spending and expenses is a key part of good budgeting. Budgeting is about estimating your revenues, projecting your expenses and detailing the all

Anthony Pratt 20/11/23 Anthony Pratt 20/11/23

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The ATO agent nomination process Wondering about the ATO agent nomination process? If you are an existing client, you may not need to do anything. If you are a new client we'll send you information about the steps required to link to us.

Anthony Pratt 17/11/23 Anthony Pratt 17/11/23

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Writing a business plan? Read our guide Your business plan helps to keep the company moving in the right direction. Having that guidance can be a massive benefit to your success as a business. But what elements should you include, and w

Anthony Pratt 17/11/23 Anthony Pratt 17/11/23

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Depreciating Asset - ATO's guidance on composite items The ATO released draft TR 2023/D2 which provides guidance on whether an asset that is made up of a number of parts or components (composite item) is itself a depreciating asset, or w

Anthony Pratt 17/11/23 Anthony Pratt 17/11/23

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Your upcoming tax calendar for November and December With the festive season approaching, please do not forget about your November and December tax obligations for 2023. Here is a list of key tax dates to guide you through your tax oblig

Anthony Pratt 6/11/23 Anthony Pratt 6/11/23

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Payments to help combat inflation and cost of living pressures The new changes give effect to increases in social security rates. A number of social security measures announced in the Federal budget to help Australians combat current in

Anthony Pratt 1/11/23 Anthony Pratt 1/11/23

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Small Business Instant Asset Write-Off FY2024 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 fo

Anthony Pratt 1/11/23 Anthony Pratt 1/11/23

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Preparing your business for a sale Hoping to sell your business in the next five years? We’ll help you get your business in order and come up with a sale plan that delivers the best possible sale price. Selling your business is a big mo

Anthony Pratt 1/11/23 Anthony Pratt 1/11/23

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Outstanding tax debts? ATO warns about disclosure The ATO is warning businesses to engage with their tax and super obligations to avoid having their debts disclosed to credit reporting agencies. The ATO has shifted its focus from provid

Anthony Pratt 22/10/23 Anthony Pratt 22/10/23

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ATO finalises guidance on the deductibility of costs relating to holding vacant land The ATO has finalised the taxation ruling TR 2023/3, which provides guidance on the deductibility of expenses associated with holding vacant land. Fr

Anthony Pratt 21/10/23 Anthony Pratt 21/10/23

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Payday super to change how businesses pay their super 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. As p

Anthony Pratt 18/10/23 Anthony Pratt 18/10/23

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Self-education: What can you claim? The ATO have released a new draft ruling on self-education expenses. We revisit the deductibility of self-education expenses and what you can and can’t claim. If you undertake study that is connected

Anthony Pratt 5/10/23 Anthony Pratt 5/10/23

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7.5% 'Airbnb' Tax Property Investors Guide Property investors that choose to utilise their property for short-term stays (or leave it vacant) are firmly in the sights of the regulators. The Victorian Government’s recent Housing State

Anthony Pratt 5/10/23 Anthony Pratt 5/10/23

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NSW land tax concession expanded for unoccupied land The Commissioner of NSW state revenue now has the power to extend the concession for unoccupied land to be treated as a principal place of residence (PPR) from 4 years to 6 years. As

Anthony Pratt 30/9/23 Anthony Pratt 30/9/23

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