Federal Budget 2025-26
Approaching an election, the 2025-26 provided little in way of substantive tax announcements. This of course is Labours bid for re-election. We will see the alternatives later this week when the opposition has its turn. As a result, none of the below should be considered a sure thing! Our summary is as follows: The highlights: […]
Reporting Requirement Changes for Not-for-Profits
As a follow-up to the email we sent to our clients last year, we want to reiterate the importance of staying informed and up to date with the new reporting requirements for not-for-profit (NFP) organisations. Starting from the 2023–24 financial year, NFPs with an active Australian Business Number (ABN) are required to submit a self-review […]
Contractor or Employee?
Contractor or Employee is a question that is often misunderstood by businesses. Just because someone is paid under an ABN, it doesn’t mean the law treats them as a contractor. Misclassifying a worker can result in having to pay superannuation, workers compensation, minimum award payments, payroll tax and penalties that otherwise may not have been […]
Cyclone Alfred Support Options
Cyclone Alfred’s heavy rains and winds are expected to leave many communities affected. Disaster relief is available, particularly in relation to their Australian Taxation Office (ATO) obligations. The ATO provides key resources to assist those affected by natural disasters, including flood support options. If you or someone you know are dealing with the impact of […]
Bookkeeping for Small Businesses
Running a small business means balancing many tasks, and managing finances is one of the most important. Proper bookkeeping helps you manage your finances, make informed decisions, and stay compliant with tax obligations. There are many benefits of good bookkeeping: Financial Clarity – Good records give you a clear picture of your business’s cash flow […]