Accountancy & Business Insights

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

Tax changes in 2024-25 for Small Business The new financial year has begun, which means it is now time to wrap up the 2024-25 financial year. We cover the changes and rates that you will need to be aware of for your business in prepar

Anthony Pratt 31/7/25 Anthony Pratt 31/7/25

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Get insight into recent tax developments, measures and announcements, and more. Explore the key Budget measures, tax changes, and impacts on individuals and businesses in our detailed analysis. Insights Magazine - July 2025 As chan

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

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Trusts: are they still worth the effort? For decades, trust structures have been a cornerstone of the Australian tax and financial system, prized for their asset protection and flexibility when it comes to income distributions. However,

Anthony Pratt 23/7/25 Anthony Pratt 23/7/25

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Work-from-Home Deductions: Guidance for the 2025 Financial Year The ATO has updated guidance for individuals claiming work-from-home (WFH) deductions for the 2024–25 income year. We set out the key points to assist in determining WFH

Anthony Pratt 22/7/25 Anthony Pratt 22/7/25

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The importance of having a business coach Running a small business comes with significant responsibility. As the owner, you are often the strategist, manager, and problem-solver—sometimes all at once. While that can be incredibly rewar

Anthony Pratt 20/7/25 Anthony Pratt 20/7/25

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How to claim tax deductible expenses as an individual If you are incurring expenses as part of your job or self-employment, you can claim some of these expenses back and lower your overall income tax bill. Did you know that you claim

Anthony Pratt 14/7/25 Anthony Pratt 14/7/25

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ATO Interest Charges No Longer Tax Deductible from 1 July 2025 If you have a tax debt with the Australian Taxation Office (ATO), you may soon face a higher cost. From 1 July 2025, interest charges applied by the ATO will no longer be t

Anthony Pratt 11/7/25 Anthony Pratt 11/7/25

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NSW Budget 2025: What It Means for Business The 2025–26 NSW State Budget, delivered on 24 June by Treasurer, outlines a number of measures designed to stimulate economic growth, attract private investment, and support skills developmen

Anthony Pratt 10/7/25 Anthony Pratt 10/7/25

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Efficient Business with AI: Smarter Customer Service Artificial intelligence (AI) is transforming how small businesses operate — and customer service is one of the best places to start. With the right tools, you can offer faster respon

Anthony Pratt 9/7/25 Anthony Pratt 9/7/25

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Energy Bill Relief Fund: How do you claim relief? The Energy Bill Relief Fund takes effect from 1 July 2025. Find out the eligibility criteria for your small business and how large your rebate might be. Back in March 2025, the Alba

Anthony Pratt 3/7/25 Anthony Pratt 3/7/25

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High-Income Earners: A Broader Approach to Tax Efficiency For individuals with income in excess of $250,000, whether from business activity, salary, investments or a combination—the question of how to reduce tax is common. Effective

Anthony Pratt 29/6/25 Anthony Pratt 29/6/25

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New small business owners to get compliance support The Australian Taxation Office is providing additional support for new small businesses to help them better understand and meet their tax, superannuation and registration obligation

Anthony Pratt 29/6/25 Anthony Pratt 29/6/25

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Business credit: How a business credit card helps your startup For early-stage businesses, access to funding can be a critical enabler of growth. Cash flow constraints, variable customer income, and limited access to external finance a

Anthony Pratt 26/6/25 Anthony Pratt 26/6/25

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Rise in the minimum wage: the impact for your business From 1 July 2025, the minimum wage for Australian workers increases by 3.5%. We explain the numbers behind the increase and the potential impact for your small business. On 3 Ju

Anthony Pratt 18/6/25 Anthony Pratt 18/6/25

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Your BAS refunds are under scrutiny after ATO extends notification period The ATO will have additional time to notify a taxpayer if it intends to retain a business activity statement refund for further investigation. The ATO is now

Anthony Pratt 12/6/25 Anthony Pratt 12/6/25

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Market Update: Rate Cut Expectations Strengthen As of 30 May 2025, market data suggests a 73% probability of a cash rate cut at the Reserve Bank of Australia’s upcoming meeting on 8 July. April’s inflation held steady at 2.4%, remai

Anthony Pratt 2/6/25 Anthony Pratt 2/6/25

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