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
‘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
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 [
4 Powerful Levers to Grow Your Business Profits
Contents & Summary This eye-opening analysis shows how businesses can dramatically increase profits by implementing four key strategies. We thank business coach Wes Hone – this article is adapted from some of his content. Wes states: “Remember the purpose of profits? It’s so that you can pay tax and be a good corporate citizen. But [&helli
October Updates on Inflation & Interest Rates: Implications and Opportunities for Business Owners
Interest rates shape the financial health and strategic decisions of businesses. For established business owners, understanding the current interest rate environment and its far-reaching impacts is essential for navigating challenges, and identifying opportunities that arise from economic changes. The Reserve Bank of Australia (RBA) is at the forefront of monet
$900Billion Lost Market Cap in 2 Months! The Meteoric Rise and Sudden Fall of Nvidia’s Stock Value: A Closer Look
(Photo Credit: NVIDIA Newsroom) So it seems like it’s too bad for anyone who got excited and invested in the rising stocks of Nvidia in early July! Few stories have captured the attention of investors and industry experts quite like the recent fluctuations in the tech chip-maker Nvidia’s stock value. As a leading player in […]
Albanese Government Warns of Malicious myGov Scammers Targeting Businesses
In recent years, scammers have become increasingly sophisticated in their tactics, particularly when it comes to impersonating government entities like myGov and the Australian Taxation Office (ATO). These malicious actors are constantly finding new ways to exploit unsuspecting victims, and businesses are not immune to their schemes. The Australian government
Australian Company Failures Surge to 11-Year High, ASIC Data Reveals
In a stark wake-up call for Australian businesses, the latest insolvency data from the Australian Securities and Investments Commission (ASIC) paints a grim picture of the corporate landscape. With a staggering 36.2% increase to 7,742 companies entering external administration from 1 July 2023 to 31 March 2024, it’s clear that the aftershocks of the pan