Category: accounting

Key tax & lodgement dates for the April to June quarter 2024 21 July Lodge and pay June 2024 monthly business activity statement. Lodge and pay quarter 4, 2023–24 PAYG instalment activity statement for head companies of consolidated groups. 28 July Lodge and pay quarter 4, 2023–24 activity statement if electing to receive and lodge […]

With the end of the financial year fast approaching, we’d like to remind you about some potential opportunities for super contributions. There are a number of strategies that may be of benefit in the lead up to 30 June: Personal deductible contributions: those looking to reduce their taxable income can consider a contribution to super […]

On Tuesday night, the Federal Government handed down an updated 2024-2025 Australian Federal Budget. This budget focused on cost of living pressures, with a number of announcements across energy bills, student debt, medicines, Social Security & Aged Care, and Business taxation. Please note that these proposals are not yet legislated, and as always, the team […]

Key tax & lodgement dates for the April to June quarter 2024 21 April Lodge and pay March 2023 monthly business activity statement 28 April Lodge and pay March 2024 activity statement if lodging by paper Pay March 2024 quarterly PAYG Instalment notice Make March 2024 quarterly superannuation contributions by this date 15 May Lodge […]

Found yourself separated and suddenly single later in life? Life often has different plans for us than we may have imagined. Life after divorce (or separation) might bring with it a whole range of new things, including the need to rediscover yourself, dipping your toe back in the dating pool, and revisiting your plans for […]

Each year a number of superannuation thresholds are changed to reflect movements in full-time Average Weekly Ordinary Time Earnings (AWOTE). Please click here for our guide to useful rates and thresholds applicable for the 2024/25 financial year. Notable changes this July include: Increase to the Super Guarantee contribution rate to 11.5% Increase of the Concessional […]

Imagine that, without any effort on your part, enough money regularly pours into your bank account to meet (or exceed) all your living expenses. Suddenly, work becomes optional and a world of opportunities opens up. That’s the ultimate in passive income – all your financial needs met without lifting a finger. The fast way to […]

Key tax & lodgement dates for the January to March quarter 2024 21 February Lodge and pay January 2024 monthly business activity statement. 28 February Lodge and pay SMSF tax return for fund newly established in the 2023 financial year. Lodge and pay December 2023 quarterly activity statements. 21 March Lodge and pay February 2024 […]

Navigating Financial Waters: Practical Tips for Effective Budget Management In the face of rising mortgage rates and the ever-increasing cost of living, managing your budget has become a critical aspect of financial stability. Even during the best of times, maintaining fiscal discipline can be challenging, making it crucial to adopt a strategic approach to spending. […]

In our previous newsletter, we talked about the latest trends in retirement here in Australia, including the sheer numbers of Baby Boomers retiring this decade, along with the policy responses from government and financial institutions. In this article, we want to address some of the non-financial considerations, which may help you make a success of […]

Key tax & lodgement dates for the October to December quarter 2023 21 October July – September 2023 quarterly PAYG installment activity statement due for lodgement and payment. Only need to lodge if varying the amount. September 2023 monthly activity statements – final date for lodgement and payment. 28 October July – September 2023 quarterly […]

Being the boss means you get to make all the big decisions about your business – including how much to pay yourself in wages, salary or drawings. As the owner, you might need to underpay yourself in the early stages of building your business, so you can reinvest the profits. But your time is valuable […]

Tired of paying rent for your commercial premises and considering buying a premises for your business? Owning a building works best if your business is well-established, you have money to invest, and you’re taking a long-term approach – it can take many years for this decision to pay for itself. The advantages of owning a […]

Key tax & lodgement dates for the July to September quarter 2023 14 July Single Touch Payroll (STP) finalisation due Payers must issue PAYG withholding payment summaries to payees (that is, employees and other workers) for payments not reported through STP 21 July June 2023 quarterly PAYG instalment activity statement due for lodgment and payment. […]

In recent times, we have witnessed a significant shift in the financial landscape, marked by rising interest rates and an increase in the cost of living. In this article, we aim to provide you with effective strategies to navigate this changing environment and make the most of your hard-earned money. Review and Adjust Your Budget: […]