We want to alert businesses to a concerning practice that is currently circulating. If you have received a letter that appears to be an official invoice or notice requiring payment to maintain your business registration, please exercise caution. These letter are NOT government-issued bills. They are often marketing materials designed to closely resemble official correspondence.…
Key changes under the laws for the accounting profession, amongst others. The changes impact high-risk services and current reporting entities. Regulation of high-risk services The new laws will expand our regulation into new industries that are recognised domestically and globally as high-risk for criminal exploitation. This includes certain designated services that are typically provided by the following businesses (newly…
Payday Super requires employers to pay employees’ superannuation at the same time they pay their wages. Contributions must reach the employee’s fund within seven business days of payday. This replaces the old system, which only required employers to make super payments quarterly. For Employees Better visibility: You can track your super balance on a regular…
The Australian Taxation Office (ATO) recently announced that businesses will no longer be able to claim tax deductions for ATO interest charges from 1 July 2025. This applies to the General Interest Charge (GIC) and Short Fall Interest Charge (SIC). So, what does this mean? GIC or SIC starting on or after 1 July 2025…
Do you run a business from home? Running a home-based business offers a number of advantages including convenience, flexibility, freedom and cost savings. It’s great for looking after the kids, and also for starting out your business when you can’t afford separate premises. And when it comes to your tax return, you may…
You may be planning a party or similar event (e.g. a bowls day) for your employees. CMA Accounting and Taxation Services has reminded employers to make sure they consider the fringe benefits tax (FBT) implications of the party or other event. These will depend on: The amount you spend on each employee; When and…
We like to mix it up a bit by including recipes we love from our clients, and friends. We taste test them all first of course.
We hope you enjoy them as much as we do. If you’ve got a ‘must try’ recipe, please send it into us.