Accountancy & Business Insights

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

Foreign Resident Capital Gains Withholding Changes from 1 January 2025 ATO Clearance Certificates Required for All Property Sales The Australian Taxation Office (ATO) has updated its guidance to reflect changes to the foreign resident

Anthony Pratt 3/2/25 Anthony Pratt 3/2/25

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ATO FOCUS AREAS 2025 Which focus areas should you watch to avoid costly mistakes? ATO Releases Small Business Focus Areas for 2025 Understanding the ATO focus areas for 2025 is essential to ensuring your business remains compliant an

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

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How to optimise your business: diversify into new areas Adapting to change is essential for long-term business success. Markets evolve, customer needs shift, and staying relevant requires innovation. Diversification is a powerful way t

Anthony Pratt 29/1/25 Anthony Pratt 29/1/25

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Right to disconnect to be extended The ‘right to disconnect’ became law for larger businesses in August 2024. From August 2025, employers with less than 15 employees will also have to comply with the new rules. New Rules In Augus

Anthony Pratt 27/1/25 Anthony Pratt 27/1/25

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How to Optimise Your Business: Take Control of Your Finances As a small business owner, staying on top of your finances is crucial to maintaining business momentum. But are you truly maximising your financial management? In this guide,

Anthony Pratt 15/1/25 Anthony Pratt 15/1/25

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Understanding Your Statement of Cash Flows The statement of cash flows (also known as the cash flow statement) provides a comprehensive overview of how your business has generated and utilised cash (and cash equivalents) over a specifi

Anthony Pratt 15/1/25 Anthony Pratt 15/1/25

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How to Optimise Your Business: Go Digital and Embrace Automation Tech-savvy small businesses are making significant strides by integrating software, AI, and automation into their operations. Going digital might just be one of the smart

Anthony Pratt 28/12/24 Anthony Pratt 28/12/24

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Insights Magazine - December 2024, Issue 14 Get insight into the key recent tax developments, measures and announcements for individuals and businesses, and more. Insights Magazine | December 2024 As changes occur, we’ll keep you pos

Anthony Pratt 21/12/24 Anthony Pratt 21/12/24

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Merry Christmas We would like to take this opportunity to wish you and your family a safe and joyful Christmas season. It has been a busy and eventful year, and we look forward to working with you in 2025, helping to make it a stable,

Anthony Pratt 18/12/24 Anthony Pratt 18/12/24

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2025 Economic Outlook: Key Factors for Small Businesses Australia’s economy faces a slow recovery in 2025 as inflation remains above the Reserve Bank’s target, delaying potential interest rate cuts until mid-year. Cost-of-living pressu

Anthony Pratt 18/12/24 Anthony Pratt 18/12/24

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Wage theft criminalised As of 1 January 2025, the intentional underpayment of workers will be criminalised.  Employers will commit an offence if: they’re required to pay an amount to an employee (such as wages), or on behalf of

Anthony Pratt 18/12/24 Anthony Pratt 18/12/24

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Opportunities for Businesses to Thrive in 2025 ‘Uncertainty’ has been the defining phrase for the first half of the 2020s. The markets are unstable, supply chains have been wobbly and finding talent has been difficult. But as we head in

Anthony Pratt 18/12/24 Anthony Pratt 18/12/24

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Tougher approach to small business  The ATO has flagged tougher action against small businesses that wittingly do the wrong thing. Each quarter, the ATO will highlight its specific risk areas. This quarter’s focus is on: Busin

Anthony Pratt 17/12/24 Anthony Pratt 17/12/24

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Christmas bonuses and other festive payroll matters Wanting to acknowledge the hard work of your employees this year? Make sure you report Christmas bonuses and other one-off payments correctly this holiday season. From Christmas cash b

Anthony Pratt 17/12/24 Anthony Pratt 17/12/24

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What’s ahead in 2025? The last few years have been a rollercoaster ride of instability. 2025 holds hope, but not a guarantee, of greater stability and certainty. We explore some of the key changes and challenges. An election Welcome to

Anthony Pratt 14/12/24 Anthony Pratt 14/12/24

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Is your bank truly supporting your business? Only 40% of Australian SME customers are ‘somewhat positive’ about their bank. If you’re not getting the finance support you need from your bank, maybe it’s time to look at alternative finan

Anthony Pratt 13/12/24 Anthony Pratt 13/12/24

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