Insights
Insights & Updates
Tax, compliance and business advisory updates from the TNFG team — practical, plain-English, and specific to running a business in the Macedon Ranges.
Gisborne Small BusinessPreparing EOFY Payroll
Preparing your business for EOFY As we prepare to start another Financial Year, it’s the perfect time to start preparing your business for payroll finalisation and compliance reporting. We’ve gathered key dates, checklists, and resources from Xero, MYOB, and QuickBooks to help streamline the process
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Tax measures proposed by the re-elected ALP
Tax measures proposed by the re-elected ALP. The ALP has been re-elected to form a government with majority, after winning the 2025 Federal election. During the election campaign several tax changes were proposed by the ALP, that may come into come into effect in their next term. We have briefly ana
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Gisborne Small BusinessUnderpaying your staff is now a criminal offence: what this means for your business
Paying your employees the correct amount is an important part of being an employer. To tighten up this process, the Australian Government has just introduced a new
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Gisborne Small Businessfederal budget
2025 Federal Budget On March 25, Treasurer Jim Chalmers delivered the 2025 Australian Federal Budget, with an election looming later in the year. With the Albanese Labor Government seeking to balance economic growth and financial responsibility, the budget highlighted measures to ease cost-of-living
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Gisborne Small BusinessGetting help with your small business debt
Small business debt Are you struggling with debt? It’s a real worry when debt levels are on the up, but cashflow levels are heading down. We know the stress, uncertainty and pressure you can feel as the business owner. But it’s not all bad news. There are ways to overcome the debt and get things bac
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Understanding Your Business SeriesReducing the uncertainty: key ways we can assist
Uncertain times for business owners. Knowing what’s around the corner is hugely valuable as a business leader. But we’re trading in a world where uncertainty waits around every corner – making it difficult to predict the future business landscape and what your next move should be. You can’t change t
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Tax Deductions Tips & TricksATO expands data-matching programs for rental properties
ATO is collecting rental property information! Rental property owners to remain under scrutiny as ATO cracks down on taxpayers who either fail to meet their lodgement obligations or misreport rental information. The rental bond data matching program has been expanded under which the rental bond deta
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Gisborne Small BusinessHow to Strategically Plan for Seasonal Dips in Income
Seasonal dips in income Seasonal dips in income can be highly challenging when you’re a small business. But there are proactive ways to predict, plan for and overcome these dips in revenue. The key to dealing with seasonal dips is to know when they’re most likely to occur, and to have measures in pl
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Gisborne Small BusinessHoliday Celebrations and Tax Tips for Businesses in the Macedon Ranges
Christmas gifts for businesses The festive season is upon us! The sun is shining across the Macedon Ranges, and as we prepare to celebrate with family, friends, and colleagues, it’s time to plan those end-of-year gatherings. If you’re a local business owner in Gisborne, Woodend, or surrounding areas
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Gisborne Small BusinessYour upcoming tax calendar for November and December 2024
November & December Tax Calendar The holiday season is fast approaching, as well as end of the calendar year. For most of us, this means rushing around to various functions and thinking about family 🎄 However, with all the distractions, it can be a time when we forget our tax obligations too. In or
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Tax Deductions Tips & TricksCommon errors for rental property owners
Common rental property errors The ATO has published a list of common taxpayer errors found from its recent property management data matching program. Are you making these common rental property errors? Find out more below! The key findings in the report were as follows: • Instead of reporting gross
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Gisborne Small BusinessYour upcoming tax calendar for September and October 2024
September & October Tax Commitments The new financial year is already in full swing, meaning most of you are still finalising your general ledger accounts in order to get the necessary information to us to prepare your final 2024 accounts and tax returns. Others have already got us your information
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