Accounting tips

The manner in which we manage our superannuation is going to be altered. The change to Payday Super begins 1 July 2026. This is because the old quarterly cycle is being phased out of existence; you will ...

ATO Penalties for Late BAS and Tax Return Lodgements Timely lodgement of Business Activity Statements (BAS) and income tax returns is a key compliance obligation for Australian businesses. However, late lodgements remain common due to cash-flow pressures, ...

Beware the ATO has put individuals and small businesses on notice. If you have an ATO debt not on a payment plan you are at risk.   The ATO has ramped up debt collection and they are ...

When you purchase a vehicle for business purposes, it’s important to understand how GST credits apply. The way you claim depends on how the vehicle is used and its cost. Vehicles used solely for business If you ...

  Entertainment fringe benefits arise when an employer provides food, drink, or recreation to employees. Common FBT Exemptions Exemption Type Condition Minor Benefit Value < $300 and provided infrequently and irregularly. Taxi Travel Travel to or from ...