The festive season is a time many businesses like to acknowledge their staff with Christmas parties, gifts, or end-of-year celebrations. While these gestures are great for morale, they can quickly become confusing when it comes to tax, deductions, and Fringe Benefits Tax (FBT). This blog breaks down what is and isn’t claimable, how the ATO classifies Christmas staff expenses, and the common traps we see businesses fall into every December. 📌 The Quick Summary on Christmas St

The Big Shift: From Quarterly to Payday Super From 1 July 2026, all Australian employers will be required to pay superannuation at the same time as wages — not quarterly. This upcoming reform, known as “payday superannuation”, is one of the most significant changes to the super system in recent years. It’s designed to ensure that employees receive their super on time, every time, and that businesses stay up to date with their obligations. Under the current system, most employ

Tax in Australia isn’t always a once-a-year event. For many taxpayers, the Australian Taxation Office (ATO) requires tax to be paid in...

Starting a business is an exciting step — but before you dive in, it’s important to make sure you’ve covered the essentials. Here’s a...

As we move through the 2025 tax season , many Australians are eager to lodge their returns and (hopefully) see a refund land in their...

Let’s talk timing. And let’s talk receipts. Two things that can either save  your business from stress or sink  you into admin overload...

The most basic requirement for any employer is to pay their staff the right amount at the right time. Failure to do so will not only create a great deal of internal dissatisfaction, it may also lead to a government audit. We look at how to avoid the common payroll mistakes. We urge all our clients with staff members to pay careful attention to their payroll function and invite you to contact us if you need help setting up or auditing your system. Know Who’s an Employee One

Selecting the right accounting software is crucial for streamlining your business operations, saving you time and money and ensuring...

As we move through the 2024 tax season, many Australians are eager to lodge their tax returns and hope to receive a refund. We have...

As many of you may have seen in a recent ABC News article, the Australian Taxation Office (ATO) is ramping up efforts to recover $50...

You may well be asking yourself, "What would an accounting firm know about marketing?" And it's true our day-to-day focus is on numbers,...

Benjamin Franklin first said, “If you fail to plan, you are planning to fail.”  But thousands of business gurus have employed this quote...

At some stage, almost every business owner will face the decision of whether to lease or buy their business property. It’s not a simple...

A very common mistake for newer business owners is failure to understand the importance of getting paid on time.  Honestly, what...

Managing debt effectively is critical to your business’s survival. The way you handle invoicing and collections can mean the difference...

Entering into a business partnership can boost your potential for success.  The joining of complimentary skills sets, capital and ideas...