What the ATO’s Latest Compliance Focus Means for Business Owners: 2025 Reality Check
2025 ATO Compliance Focus – Quick Summary The ATO has intensified compliance activities targeting the $35.6 billion owed by small businesses, with enhanced data matching programs and stricter enforcement measures introduced from July 2025. Key changes include AI-powered data matching across 60+ sources, mandatory monthly GST reporting for 3,500 non-compli
Why Every Business Should File an FBT Return – Even If You Think You Don’t Need One
The Fringe Benefits Tax year wrapped up on 31 March 2025. If you’re sitting there thinking “we don’t provide fringe benefits, so this doesn’t apply to us” – you might want to think again. The ATO has been getting increasingly aggressive about FBT compliance. They’re using AI data-matching tools now to hunt down employer
How Can Directors Take Money Out of Their Company
Extracting funds from your company involves more than simply reaching into the business account. The Australian Taxation Office (ATO) keeps a watchful eye on how business owners access their company money, and different methods come with distinct tax implications. Proper planning can help you minimise your tax burden while staying completely compliant with regu
7 Tax Planning Advantages
Start Preparing Now for End of Financial Year BOOK NOW! Know your estimated tax position and be tax ready. Tax time provides an opportunity to thoughtfully review your finances and plan ahead. By planning early and getting professional advice about all possible deductions and steps you may need to put in place now, you can […]
The Impact of Interest Rate Cuts on Australian Small Businesses: A Mixed Outlook
Recently Sean Aylmer from the podcast “Fear and Greed” interviewed Patrick Coghlan who is the CEO at Creditor Watch. Here are some summary highlights from the interview: The recent interest rate cut has provided some relief for homeowners, but what does it mean for small and medium-sized businesses (SMEs) in Australia? While positive indicators we
‘Don’t wait until June’: Expert reveals why 2025 tax planning starts now
The end of financial year rush isn’t just stressful – it’s expensive. As a leading Gold Coast accounting firm, we’re seeing businesses lose thousands in potential tax benefits by waiting too long to start their planning. A local construction company owner learned this lesson the hard way last year. “We thought June was plenty of [&hell
Rising Hopes for Interest Rate Cuts Amid Easing Inflation
Update 31 January 2025 The recent report from the Australian Bureau of Statistics (ABS) has set the stage for a potential shift in the monetary policy landscape. The good news is inflation finally seems to be coming down! Inflation figures for the final quarter of 2024 have indicates a slowdown, analysts and financial markets seem […]
Celebrating 25 Five-Star Google Reviews at Keypoint Accountants
At Keypoint Accountants, we are thrilled to announce that we are celebrating 25 five-star reviews as we close out 2024! This achievement is not just a number; it represents the trust and satisfaction of our clients who have taken the time to share their positive experiences with our services. Each review reflects the hard work […]
An AI Robot That Can Do Your Laundry?! – The Ultimate Franchise Opportunity!
A little post NOTHING to do about accounting 😊 but if a business can get licensed rights to what’s in the second video below – I can pretty much guarantee, they will do extremely well! Recently I heard about “Robot Dogs” being used to attract attention at Expos and Conferences… see video below: But, this […]
Aussie Inflation Plummets to 3.2% in September Quarter 2024
A recent ABS report shows that annualised trimmed mean inflation dropped sharply from 5.4% in September 2023 to 3.2% in September 2024. This marks a major shift in Australia’s economic landscape over the past year. This sharp decline represents a remarkable turnaround in the country’s economic indicators. The new figure is now within striking distance [