Accountancy & Business Insights

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

Election 2025: Federal Election 2025: Policy Update for Business and Individuals Election Date: Saturday, 3 May 2025 With the Federal Election fast approaching, both major parties have announced a range of policies aimed at easin

Anthony Pratt 1/5/25 Anthony Pratt 1/5/25

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Year-end tax planning opportunities & risks With the end of the financial year fast approaching we outline some opportunities to maximise your deductions and give you the low down on areas at risk of increased ATO scrutiny. Opportun

Anthony Pratt 28/4/25 Anthony Pratt 28/4/25

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The ATO’s updated small business benchmarking tool  The ATO has updated its small business benchmarks with the latest data taken from the 2022–23 financial year. These benchmarks cover 100 industries and allow small businesses to

Anthony Pratt 28/4/25 Anthony Pratt 28/4/25

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Tax Time: Claim Up to $5,000 Without Receipts Claiming Without Receipts As tax time approaches, it is important to ensure you are claiming all the deductions you are entitled to. Some expenses can be claimed without needing to keep

Anthony Pratt 23/4/25 Anthony Pratt 23/4/25

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Greater protection against unfair trading practices: what you need to know The Albanese Government is introducing new initiatives to tackle unfair trading practices. But what will these initiatives do to support and protect your smal

Anthony Pratt 22/4/25 Anthony Pratt 22/4/25

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ATO Warning: Medicare Levy Surcharge May Apply After a Pay Rise The ATO has reminded taxpayers that a pay rise could come with unexpected tax consequences if they do not hold appropriate private hospital insurance. The Medicare Levy S

Anthony Pratt 21/4/25 Anthony Pratt 21/4/25

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ATO Increases Work-From-Home Deduction Rate: What It Means for You The ATO has increased the fixed-rate deduction for working from home, effective from 1 July 2024. Taxpayers can now claim 70 cents per hour for each hour worked from

Anthony Pratt 18/4/25 Anthony Pratt 18/4/25

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Tropical Cyclone Arthur: disaster recovery grants now available If your Queensland small business was affected by Tropical Storm Arthur, you may be eligible for the new Exceptional Disaster Assistance Recovery Grant. If your business wa

Anthony Pratt 16/4/25 Anthony Pratt 16/4/25

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Trump's tariffs: what they mean if you export to the USA President Trump’s new trade tariffs are bad news for export business. We review the potential impact these tariffs could have on your bottom line. If you are a small business th

Anthony Pratt 15/4/25 Anthony Pratt 15/4/25

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The Coalition's Budget Reply: the business insights What was in the Coalition's Budget Reply that could impact your business? We’ve summarised all the proposed announcements that could impact your small business. The Albanese Labor Gove

Anthony Pratt 9/4/25 Anthony Pratt 9/4/25

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Foreign resident CGT integrity changes - start date deferred Announced in the 2024 Federal Budget as an integrity measure, are changes to the foreign resident CGT regime that will ensure foreign residents pay their fair share of tax.

Anthony Pratt 7/4/25 Anthony Pratt 7/4/25

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Underpaying your staff is now a criminal offence: what this means for your business It’s now a criminal offence to intentionally underpay your employees. We recap the new Voluntary Small Business Wage Compliance Code and what it means

Anthony Pratt 3/4/25 Anthony Pratt 3/4/25

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Federal Budget 2025-26: what it means for your small business The Treasurer, Jim Chalmers, delivered the Federal Budget 2025 on Tuesday 25 March. With a general election scheduled for 2025, this Budget was an important one, setting o

Anthony Pratt 1/4/25 Anthony Pratt 1/4/25

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ATO flags security and guarantee arrangements that may trigger Div 7A The ATO has released new guidance around the application of Div 7A for guarantees and securities provided by interposed entities for third party loans.

Anthony Pratt 1/4/25 Anthony Pratt 1/4/25

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Get insight into recent tax developments, measures and announcements, and more. Federal Budget 2025-26 Analysis | Explore the key Budget measures, tax changes, and impacts on individuals and businesses in our detailed analysis. Insi

Anthony Pratt 26/3/25 Anthony Pratt 26/3/25

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FBT 2025: What you need to know The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees. FBT exemption for electric cars  Employers that provide employees with the use of eligi

Anthony Pratt 23/3/25 Anthony Pratt 23/3/25

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