Accountancy & Business Insights

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

PSI under increased scrutiny with new guidance released Personal services businesses must remain aware of other tax obligations, such as steering clear of tax avoidance schemes. Find out what this means for you. A recent draft compl

Anthony Pratt 5/11/24 Anthony Pratt 5/11/24

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Planning for seasonal dips in income Struggling with seasonal dips and poor cashflow. We can help identify the timing of seasonal downtime, and create a strategy for stabilising income across the year. Seasonal dips in income can be hig

Anthony Pratt 3/11/24 Anthony Pratt 3/11/24

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Business AI tools? Which areas of the business could benefit from an AI helping hand? We suggest 5 key business functions. We are living through what the World Economic Forum has called ‘The Fourth Industrial Revolution' , and artific

Anthony Pratt 26/10/24 Anthony Pratt 26/10/24

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

Anthony Pratt 17/10/24 Anthony Pratt 17/10/24

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Succession: the series Consequences of inheriting property. Beyond the difficult task of dividing up your assets and determining who should get what, it’s essential to look at the tax consequences of how your assets will flow through to

Anthony Pratt 17/10/24 Anthony Pratt 17/10/24

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Property and ‘lifestyle’ assets in the spotlight Own an investment property or an expensive lifestyle asset like a boat or aircraft? The ATO are looking closely at these assets to see if what has been declared in tax returns matches up.

Anthony Pratt 14/10/24 Anthony Pratt 14/10/24

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Payday Super: Key details Employer obligations ahead ‘Payday super’ will overhaul the way in which superannuation guarantee is administered. We look at the first details and the impending obligations on employers. From 1 July 2026, emp

Anthony Pratt 11/10/24 Anthony Pratt 11/10/24

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Potential threats to your business value Your successful business can quickly start to lose value if you don’t keep pace with a changing market. Check out our five threats that could be undermining the value of your business. Once you h

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

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Your upcoming tax calendar for October 2024 In order to be across your tax obligations, below are the upcoming compliance dates. Make sure lodgements are up to date to avoid any interest or penalties. KEY TAX DATES – OCTOBER 2024 &gt

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

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Denying deductions for general interest charges Treasury has released draft legislation that will deny deductions for general interest charges (GIC) and shortfall interest charges (SIC) incurred from 1 July 2025. Currently, entities are

Anthony Pratt 7/10/24 Anthony Pratt 7/10/24

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Qld Small Business $7,500 Business Grant The Business Basics Grants Program is now open, offering Queensland small businesses with fewer than five employees a chance to receive $7,500 in funding . This grant can be used for key busine

Anthony Pratt 6/10/24 Anthony Pratt 6/10/24

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Record keeping and tax management in focus for ‘Next 5,000’ groups The focus areas of the ‘Next 5,000’ program will be effective record keeping and tax management procedures.  The Next 5,000 program is funded by the Tax Avoidance T

Anthony Pratt 6/10/24 Anthony Pratt 6/10/24

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Unlock Cash Flow with Invoice Finance Using invoice finance to improve your cashflow. Having access to liquid cash can be a struggle. Find out how invoice finance can turn your unpaid invoices in ready cash, keeping you trading and grow

Anthony Pratt 3/10/24 Anthony Pratt 3/10/24

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The value of cashflow forecasting A business cash flow forecast will give you vital business intelligence to help you scenario-plan, search for cost-savings and look for strategies that will preserve your cashflow position. Projecting

Anthony Pratt 1/10/24 Anthony Pratt 1/10/24

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Seek advice from those coming back Searching for guidance on your entrepreneurial journey? Our mentorship can provide the insights and support for your future success. "Seek advice from those who are coming back, not from those who hav

Anthony Pratt 29/9/24 Anthony Pratt 29/9/24

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Common errors for rental property owners The ATO has published a list of common errors found in rental property schedules. Ensure that you are not double dipping or you may need to lodge an amendment. The ATO has published a list of com

Anthony Pratt 26/9/24 Anthony Pratt 26/9/24

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