News

What’s changing on 1 July 2024?

Here’s a summary of the key changes coming into effect on 1 July 2024: Tax cuts reduce personal income tax rates and change the thresholds. ...
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ATO fires warning shot on trust distributions

The ATO has warned that it is looking closely at how trusts distribute income and to who. The way in which trusts distribute income has ...
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The essential 30 June guide

The end of the financial year is fast approaching. We outline the areas at risk of increased ATO scrutiny and the opportunities to maximise your ...
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Self-Audits – Staying on Top of Important Trends in Your Business

Busy leaders need to focus on the needs of customers, prospects, employees, regulators, suppliers and so on. However, we encourage these leaders to also take an ...
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Best Practices in Tax Planning for Business Leaders

Here are some guidelines to help business leaders manage their tax affairs in conjunction with their Accountants. Effective tax planning helps minimise tax liability, ensure compliance, ...
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Non-compete clauses and worker restraints under review

A new issues paper from Treasury’s Competition Review questions whether non-competes and other restraints are limiting job opportunities and movement. A recent Australian Bureau of ...
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Budget 2024-25

The 2024-25 Federal Budget is the third for the Albanese Government and consistent with previous years, the primary themes are expected to be the cost ...
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The assault on professional services

The ATO has signalled that it is willing to pursue professional services firms who divert profits to avoid tax. Two new cases before the Administrative ...
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Warning on SMSF asset valuations

The ATO has issued a warning to trustees of SMSFs about sloppy valuation practices. ATO data analysis has revealed that over 16,500 self managed superannuation ...
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How much is my business worth?

For many small business owners, their business is their largest asset and for many, one that is expected to help fund their retirement. But what ...
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5 Ways to Get the Most from Goal-Setting (and Goal Achievement)

Most leaders acknowledge the value of setting goals and measuring their progress.  But many of those same leaders complain of not setting the ‘right’ goals ...
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Getting back what you put in: Loans to get a business started

It’s not uncommon for business owners to pour their money into a business to get it up and running and to sustain it until it ...
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