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…
Small businesses in Australia currently have a tax debt of over $ 35 billion with the Australian Taxation Office (ATO), a number which has been increasing, and indicates the challenges small to medium businesses face with tax compliance. Unfortunately, confusion surrounding tax obligations can result in incorrect tax returns and a failure to meet…
Top Ten Estate Planning and Family Wealth Protection Resolutions Now is an important time to prioritise your estate planning and family wealth protection. Making these resolutions now can provide you with a sense of achievement and relief from the weight of uncertainty. Here are the top ten resolutions you should start on immediately to…
Top 5 scams to beware! Businesses need to ensure they have effective cybersecurity measures in place ahead of the peak season for scams. After a year that saw breaches to some of the largest financial institutions and businesses in Australia, the holidays are set to see a significant rise in cybercrime, warns Chris Dahl,…
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.