by PA Team | Apr 27, 2025 | General
Changes To ATO Interest Deductions If you owe tax to the Australian Taxation Office (ATO), you may be charged interest in two ways: Shortfall Interest Charge (SIC) – applied when the ATO amends your tax assessment, meaning you originally General Interest Charge (GIC)...
by PA Team | Nov 6, 2024 | General
Client eBrief – October 2024 MyGovID will soon be renamed myID. While the app’s name and appearance are changing, the way users log in and the security features will remain the same. When myGovID transitions to myID, those who already use it for government...
by PA Team | Sep 20, 2024 | General
Have you or a family member lent money to your Company? It is often the case that a related party, like a director or family member, has lent considerable sums of money to a company, but has not taken a security interest relating to their loan. The outcome in these...
by PA Team | Aug 2, 2024 | General
Client eBrief – July/August 2024 Resilience in Tough Times As small businesses experience cost escalations while running a business, your bookkeeper plays a crucial role in proactively preparing and equipping you with essential financial strategies to navigate...
by PA Team | Jun 24, 2024 | General
Client eBrief – June 2024 Scams are on the Rise Protect Your Information The ATO has seen an increase in scams targeting individuals’ personally identifiable information (PII). In 2022, a person’s birthdate was the most common piece of PII divulged to scammers....
by PA Team | Jun 12, 2024 | General
The 2024/25 Budget was handed down on 14 May 2024 and marked the first back-to-back surpluses in two decades. However, with the economy slowing, deficits are projected for the next four years. So, what is in it for small business? The reality is, on the surface, not...
