Accountancy & Business Insights

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

Legislation gives Employees to Disconnect As a business owner, you're used to relying on your team to be available when urgent matters arise, even after hours. But have you considered how your employees feel about being constantly reacha

Anthony Pratt 25/9/24 Anthony Pratt 25/9/24

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Family Governance Strategies There are specific challenges to running a family business. Running any kind of business is tough work. But when you add in the additional challenges of running a family business , things can begin to get c

Anthony Pratt 24/9/24 Anthony Pratt 24/9/24

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Small Business Tax and Growth Tips Australia’s small businesses contribute significantly to the economy, adding nearly $590 billion in value last year alone. However, managing finances and taxes can often feel overwhelming. Keeping on

Anthony Pratt 21/9/24 Anthony Pratt 21/9/24

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Government to pay super on paid parental leave In an initiative to promote women’s economic equality, the government has introduced legislation to pay super on paid parental leave (PPL) from 1 July 2025. From 1 July 2025, parents will r

Anthony Pratt 19/9/24 Anthony Pratt 19/9/24

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Are you meeting your SMSF governance requirements? If you’re thinking about setting up a self-managed superannuation fund, here are five key areas to be aware of when managing your fund. Opting for a self-managed superannuation fund (S

Anthony Pratt 2/9/24 Anthony Pratt 2/9/24

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Increased amendment period for small and medium businesses A measure aimed at reducing the burden on small and medium businesses wishing to revise their income tax returns, from 1 July 2024, the 2-year amendment period for small and medi

Anthony Pratt 31/8/24 Anthony Pratt 31/8/24

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

Anthony Pratt 29/8/24 Anthony Pratt 29/8/24

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Divorce, you, and your business Breaking up is hard to do. Beyond the emotional and financial turmoil divorce creates, there are a number of issues that need to be resolved. What happens when there is a family company? For couples that

Anthony Pratt 28/8/24 Anthony Pratt 28/8/24

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Your public company now needs a ‘consolidated entity disclosure statement' Running an Australian public company? It’s now mandatory for you to submit a consolidated entity disclosure statement (CEDS) with your annual financial report

Anthony Pratt 26/8/24 Anthony Pratt 26/8/24

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When is a gift not a gift? Taxpayer unsuccessful in arguing that the deposits received were gifts and loans The Federal Court in  Rusanov v Commissioner of Taxation [2024] FCA 777 considered whether certain deposits into the taxpa

Anthony Pratt 15/8/24 Anthony Pratt 15/8/24

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Key considerations for claiming home office deductions Individuals claiming home office deductions The ATO has issued a list of common questions and answers in relation to individuals looking to claim deductions for home office runnin

Anthony Pratt 13/8/24 Anthony Pratt 13/8/24

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Data-matching program for eBay and Amazon sellers The ATO's new data-matching program will collect annual trading details from eBay and Amazon sellers earning $12,000 or more, aiming to identify tax compliance issues. The ATO will requi

Anthony Pratt 12/8/24 Anthony Pratt 12/8/24

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NEW TAX EXEMPTIONS SHIFTS BUYER FOCUS FBT exemption for electric cars As Australia accelerates towards a greener future, we cover off everything you need to know on how tax laws are evolving for electric vehicles. To encourage busine

Anthony Pratt 10/8/24 Anthony Pratt 10/8/24

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Superannuation changes from 1 July 2024 The ATO is encouraging taxpayers to be aware of certain changes to the superannuation rules that take effect from 1 July 2024. First, employers need to be aware that the SG rate has increased to 1

Anthony Pratt 9/8/24 Anthony Pratt 9/8/24

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Changes to Capital Gains Withholding Tax Tightening the foreign resident capital gains withholding tax regime As originally announced in the 2023–24 Mid-Year Economic and Fiscal Outlook, the Government has released draft legislation and

Anthony Pratt 5/8/24 Anthony Pratt 5/8/24

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Self-Employed Tax and expense’s checkup Working for yourself or running your own business. Ensure to setup a robust systems for expenses & tax requirements so you can focus on your important tasks. Keeping your tax and expenses

Anthony Pratt 4/8/24 Anthony Pratt 4/8/24

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