Topic
Tax Deductions Tips & Tricks
Tax Deductions Tips & TricksNo more card surcharges: what Macedon Ranges business owners need to know
Card surcharge ban If you've ever winced at that little extra charge that appears at the checkout when you tap your card, you're not alone. Card surcharges are one of those things that quietly frustrate just about everyone — and from 1 October 2026, they're gone. At least for the most common card networks. Here's what's changing, what it means for your business, and what you need to do before the deadline.
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Tax Deductions Tips & TricksPayday Super is almost here. Here's what you need to know.
From 1 July 2026, the way super works in Australia changes for good. Quarterly super contributions are out. Instead, super gets paid alongside salary and wages — and it needs to land in your employee's super account within seven business days of payday. It's a big shift. Here's how to handle the cha
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Tax Deductions Tips & TricksIs your business money really your money? What Macedon Ranges business owners need to know about Division 7A
Here's a scenario that plays out more often than you'd think: a private company shareholder uses the business credit card to pay for a family holiday. Or school fees. Or a home renovation. It feels harmless — it's your company, after all — but the ATO has a specific rule designed to deal with exactl
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Tax Deductions Tips & TricksThe ATO's new Tax Toolkit for small business owners
As an entrepreneur, one inescapable reality of running your business is remembering to pay taxes on the profits the company makes, and the earnings you make as a director. It’s the least glamorous and exciting part of managing the business, but it’s also a major responsibility, where the buck stops
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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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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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Tax Deductions Tips & TricksYour 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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Tax Deductions Tips & TricksStage 3 Tax Cuts and Compliance Changes from 1 July 2024
Tax Changes FY25 We provide you a summary of all the enacted legislation that comes into effect from 1 July 2024, these changes vary to apply to individuals, businesses, welfare recipients among others. Stage 3 tax cuts After being enacted with amendments by the Labor government, the stage 3 tax cut
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Tax Deductions Tips & TricksHow to Maximize Your Working from Home Expenses for the 2023-24 Income Year
How to claim your working from home expenses. A taxpayer who carries on part or all their business or employment activities at home may be entitled to a deduction for part of their outgoings related to working from home. There are two ways to calculate a work from home deduction: Fixed rate method F
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Tax Deductions Tips & TricksTax planning helps you do more with your money
Legally minimise your tax liability with tax planning. Tax planning is a strategic approach to managing your business’ financial affairs, with the aim of legally minimising your tax liability. In other words, you plan ahead to make sure you pay the taxes you should be paying, but not a penny more. W
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Tax Deductions Tips & TricksDon't Miss a Beat: Important Tax Dates to Remember for November and December
Key dates for November & December With the year end approaching and businesses preparing for the holiday season it is important to keep your tax obligations in check and managing your workflow keeping the Christmas shutdown periods in mind. In order for you to be across your tax obligations, below a
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Tax Deductions Tips & TricksEverything You Need to Know About the ATO Agent Nomination Process
Because you are a new client, or your existing service arrangement with us has changed, you will need to nominate us as your official agent with the ATO - so that we can efficiently manage your tax and super affairs.
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Tax Deductions Tips & TricksUnpaid Taxes and Credit Reporting Agencies: ATO's Warning
Credit Reporting Agencies Be aware, the ATO is sounding the alarm about potential disclosure to CRAs (Credit Reporting Agencies). Learn what steps you need to take to prevent any adverse effects.
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Tax Deductions Tips & TricksSmall Business Energy Incentive
Small Business Energy Incentive The federal government recently announced a small business energy incentive as part of the 2023-24 Federal Budget, which allows a business with an aggregated annual turnover of less than $50 million a 20% bonus deduction for expenditure that supports electrification a
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