Blogs & Resources
Understanding the myGovID Revamp: Key Insights for Employers, Business Owners, and Individuals
The Australian Taxation Office (ATO) has announced a significant change to the myGovID platform, which will be rebranded as myID in mid-November 2024. This update is part of a broader effort to reduce confusion between myGovID and myGov and enhance the user...
The Unsung Heroes of Business Success: How Bookkeeping Powers Growth
In the fast-paced world of business, bookkeeping often goes unnoticed—but its impact is undeniable. Earlier this month, we celebrated the Bookkeeping Week (November 11–15) to recognise the vital role that skilled bookkeepers and efficient processes play in driving...
Driving Growth for Australian SMEs: The Impact of Advisory Services on Business Scaling
As 2024 draws to a close, Australian small and medium-sized enterprises (SMEs) continue to navigate a rapidly evolving market. Scaling effectively remains a challenge due to operational inefficiencies and financial mismanagement. Amid these complexities, professional...
Financial Trends to Watch: What Every Australian Business Owner Needs to Know for 2025
As 2025 approaches, Australian businesses face a rapidly changing financial landscape shaped by emerging technologies, regulatory updates, and shifting economic pressures. Business leaders and owners must stay informed to make strategic choices that drive growth and...
FBT Updates for 2025: Key Changes to Electric Vehicle Exemptions
As businesses continue to adapt to sustainability practices, Fringe Benefits Tax (FBT) regulations are evolving. For the 2025 tax year, one of the most significant changes employers need to be aware of is the update regarding electric vehicles (EVs), particularly...
Key Strategies for Securing Your Business and Personal Legacy
Building and protecting your legacy requires strategic planning and careful attention to both your personal and business goals. Whether you're a business owner or planning for retirement, a well-structured financial legacy can offer both peace of mind and long-term...
Getting the Most Out of Your Bookkeeping Services: Top Tips for Australian Businesses
Good bookkeeping is the foundation of any successful business, but it’s more than just balancing the books. For Australian business owners, building a strong working relationship with your bookkeeper and staying on top of important details can make a real difference....
Celebrating Bookkeeping Week: Updates, Trends, and Insights for Australia’s Trusted Bookkeepers
This Bookkeeping Week, we’re shining a spotlight on the essential role that bookkeepers play in keeping Australian businesses financially sound and compliant. Bookkeeping goes beyond just balancing the books—it ensures that businesses can navigate the ever-evolving...
Ensuring SMSF Compliance: Key Considerations for Insurance, Investments, and Property
Why do we remind you about? Insurance Last month, we had a very challenging meeting with a client that had recently been declared unfit for work for his $150K/year employment. After a medical procedure, the client suffered permanent physical damage which means the...
Transition to Retirement Planning
Planning your transition to retirement can add massive value to your life. Thinking about retirement for some can cause serious discomfort. Whilst most people have a clear idea of how they will spend their time, they may lack clarity on how they are going to pay for...
How Artificial Intelligence is Redefining Financial Analysis and Reporting
Artificial Intelligence (AI) has become a transformative force in the world of finance, revolutionizing traditional practices and offering unprecedented capabilities. Let’s explore how AI is reshaping financial analysis and reporting: AI-Powered Data Analytics Imagine...
Cracking the Code: Demystifying Fringe Benefits Tax (FBT) for Australian Employers (2024-25)
Understanding Fringe Benefits Tax (FBT) is essential for Australian employers as they navigate the ever-evolving tax landscape. In this comprehensive guide, we’ll provide clarity on FBT, debunk common misconceptions, and offer practical compliance strategies....