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Accounting
Budget Progress Report | Discretionary Trust Minimum Tax: New Relief Proposed
September 18th, 2026Australia’s proposed 30% discretionary trust minimum tax has taken another significant step towards becoming law, with Treasury releasing exposure draft legislation on 3 September 2026. First announced as part of the 2026/27 Federal Budget, the measure is intended to introduce a minimum 30% tax rate on certain income earned through discretionary trusts from 1 Julyread more
Does Your Business Accountant Do More Than Tax Returns?
August 20th, 2026For many Australian business owners, their accountant is someone they hear from at tax time. Financial statements are prepared, tax returns are lodged, compliance obligations are met, and another financial year comes to a close. While these services remain essential, they represent only one part of what a modern accounting relationship should deliver. Today's businessread more
Forecasting for Business Growth
November 19th, 2025In the business world, knowledge is a powerful asset, particularly when it comes to understanding your financial future. While we can’t rely on a crystal ball for predictions, it is undeniably important to forecast the financial performance of your business. In fact, forecasting should be an integral part of your operational strategy, not something doneread more
Director Penalty Notice (DPN) – Another ATO Compliance Crackdown
September 22nd, 2025The Australian Taxation Office (ATO) is turning up the heat on directors, with the number of Director Penalty Notices (DPNs) surging as small business debt surpasses $100 billion as of March 2025. Enforcement through DPNs is occurring at an unprecedented rate – jumping from 26,702 in FY23–24 to more than 84,000 in FY24–25. For companyread more
Section 100A and More – Trusts Under the ATO’s Microscope
September 17th, 2025Section 100A and More – Trusts Under the ATO’s Microscope - What You Need to Know In recent years, the Australian Taxation Office (ATO) has significantly intensified its focus on family trusts, particularly in the wake of reforms and clarified guidance around section 100A reimbursement agreements. With more stringent compliance expectations, sharper audit activity, andread more
WA Budget 2025: Powering Battery Manufacturing Through Grants and Loans
July 16th, 2025Western Australia is charging ahead with its clean energy transition, and the 2025–26 WA State Budget puts battery manufacturing front and centre with grants and other incentives. With $50 million allocated specifically to support local battery manufacturing, and billions more across the broader renewable energy ecosystem, the Cook Government is giving WA businesses a uniqueread more
2025 End of Financial Year Business Preparation
June 13th, 2025At this time of year, we find ourselves having regular discussions with clients about best business practice for 2025 End of Financial Year preparations. This can include end of year payroll, transitioning to cloud-based software for the first time, changing software providers, or simply reviewing data file accuracy. A proactive approach and mindset are keyread more
How to Grow Your Business – Five Key Focus Areas
May 14th, 2025For the vast majority of business owners, the goal for the first few years is to achieve stability – predictable cashflow, a steady stream of customers and new business, and certainty around the future. Once things have stabilised, some take a breather and rest on their laurels. Others look to take active steps towards buildingread more
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