Blogs & Resources
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....
Digital Estate Planning: Safeguard Your Online Legacy
In our increasingly digital world, where much of our lives are conducted online, it’s crucial to consider the fate of our digital assets after we’re gone. Just as protecting physical assets is essential, safeguarding your digital legacy is equally important. Digital...
Payday Super: Strengthening Australia’s Retirement System
The Albanese Government has announced a significant reform to Australia's superannuation system, mandating that super be paid on payday. This change, effective from 1 July 2026, aims to enhance the retirement incomes of millions of Australians【Source】. Key Benefits of...
Cloud-Based Bookkeeping: Revolutionizing Accounting Practices
In today’s dynamic business environment, cloud-based bookkeeping solutions have emerged as a game-changer for accountants, bookkeepers, and small business owners alike. Here’s why cloud bookkeeping deserves your attention: 1. Accessibility and Flexibility Anytime,...
Balancing Work and Life: Navigating Awards and the Right to Disconnect
In a significant move towards promoting work-life balance, all awards are set to undergo a transformation by 26 August 2024, with the inclusion of a ‘right to disconnect’ term. This mandates the integration of specific rules within awards, outlining how this newfound...
12 Essential Steps for Portfolio Access and Lodging
Managing your portfolio and ensuring all necessary documentation is in order is crucial for a smooth and successful tax return process. Here is a comprehensive guide to help you navigate through the essential steps of accessing your portfolio and lodging your return...
Leaders in Business Spotlight – Brad Raynor (Director – COGNITO)
Supervision has been working with Brad for the past 6 months, improving the design of our business and creating the right platform for our continued growth. The Value of Creating Purpose for Better Leadership: There are so many reasons why having a clear purpose is...
Superannuations Strategies in the Face of Tax Reform
The latest changes to personal tax rates (feature article) highlights the need for a discussion on how Australia will maintain the incentive for lower-income earners to contribute more to Superannuation. In the 2025 Financial Year, anyone earning under $61,400 will...
Valuing Fund Assets Correctly for the SMSF Annual Return
by ATO.GOV.AU Every year you need to value your SMSFs assets and provide supporting evidence to your auditor. A key responsibility self-managed super fund (SMSF) trustees have every income year is valuing your fund's assets at 'market value'. Prior to lodging your...
Personal Tax Rates – 2025 Financial (Applies from 1ST of July 2024)
The Albanese government has announced changes to personal tax rates from the start of the 2025 financial year. They are now law. New personal tax rates and thresholds for 2024-25 The major changes are as follows: reduce the 19 per cent tax rate to 16 per cent. reduce...
Strategic FBT Management for 2024: ATO Audit Reduction and STP Integration Guide
As we approach the end of the financial year, businesses are presented with a unique opportunity to not only navigate the complexities of Fringe Benefits Tax (FBT) but also strategically position themselves to minimize audit risks and seamlessly integrate with Single...