Accountancy & Business Insights

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

Government Super contributions to be added to paid parental leave In an initiative to promote women’s economic equality, the Labor government has announced plans to pay superannuation on paid parental leave (PPL) for government-funded pa

Anthony Pratt 15/3/24 Anthony Pratt 15/3/24

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Get insight into recent tax developments, measures and announcements, and more. Insights Magazine | March 2024 As changes occur, we’ll keep you posted through prattpartners social media accounts. 🖇 Partner with a firm that

Anthony Pratt 12/3/24 Anthony Pratt 12/3/24

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Individual income tax cuts from 1 July 2024 The Labor Government has announced changes to personal tax rates that will provide a tax cut for every Australian taxpayer commencing from 1 July 2024. The Bills proposing these changes await r

Anthony Pratt 1/3/24 Anthony Pratt 1/3/24

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Lodge your overdue TPAR now to avoid penalties The ATO is reminding businesses to lodge any overdue taxable payments annual reports for 2023 or prior years, by 22 March to avoid being penalised. Businesses that pay contractors to provid

Anthony Pratt 1/3/24 Anthony Pratt 1/3/24

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How to prepare your business for an audit For companies of a certain size, a regular audit is a mandatory requirement. Here’s how to get your finances ready for an audit, so it’s as stress-free as possible. Getting ready for an audit is

Anthony Pratt 28/2/24 Anthony Pratt 28/2/24

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Ride the wave of technological advancements Technology is changing how we do business. But how do you start this digital transformation? We’ve highlighted five of the big challenges to plan for and overcome. The rapid technological adva

Anthony Pratt 26/2/24 Anthony Pratt 26/2/24

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Setting goals for your business in 2024 If you are reflecting on where you are at and thinking about your business goals for the year ahead, we can help you establish measurable goals for your business in 2024. The new year is a new be

Anthony Pratt 25/2/24 Anthony Pratt 25/2/24

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December quarter activity statement Your December quarter activity statement is due soon. Are you ready? We can help prepare your BAS or review your business accounting systems to make your activity statement lodgement easy, accurate a

Anthony Pratt 24/2/24 Anthony Pratt 24/2/24

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Meeting the environmental expectations of your customers Consumers are becoming increasingly green in their purchasing habits. So, we've pulled out five ways to make your business more green, sustainable, and eco-friendly. As environmen

Anthony Pratt 23/2/24 Anthony Pratt 23/2/24

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Get insight into recent tax developments, measures and announcements, and more. Insights Magazine | February 2024 As changes occur, we’ll keep you posted through prattpartners social media accounts. 🖇 Partner with a firm th

Anthony Pratt 19/2/24 Anthony Pratt 19/2/24

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Tax planning - do more with your money Book a tax planning conversation with us today Talking about your tax planning is incredibly important. Book a tax-planning session to help you plan out your tax liabilities and keep the business i

Anthony Pratt 18/2/24 Anthony Pratt 18/2/24

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Contractor Rules for Medical and Allied Health Practices and Payroll Tax If your medical practice pays contractors, you could be caught by tax laws that deem some contractor payments the same as wages. Talk to us today for guidance on wh

Anthony Pratt 17/2/24 Anthony Pratt 17/2/24

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Sharing economy reporting regime - ATO finalises exemptions The ATO has finalised determinations under s 396-55(b)(2) and s 396-70(4) of the Tax Administration Act 1935 on reporting exemptions and exclusions for sharing economy platform

Anthony Pratt 17/2/24 Anthony Pratt 17/2/24

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Large superannuation balances will have tax concession removed The federal government has tabled draft legislation to change tax concessional treatment of very large super account balances from 1 July 2025. Individuals with over $3 milli

Anthony Pratt 17/2/24 Anthony Pratt 17/2/24

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Electric vehicles home charging expenses — guidance finalised The ATO has finalised the practical compliance guideline PCG 2024/2 to assist in separately identifying home charging costs for electric vehicles from the total electricity co

Anthony Pratt 17/2/24 Anthony Pratt 17/2/24

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Tax calendar for February and March Welcome back to work after what was hopefully a restful and lovely summer break! And, welcome to 2024, where we are truly looking forward to working with you and your business this year. In order for

Anthony Pratt 17/2/24 Anthony Pratt 17/2/24

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