Tax measures proposed by the re-elected ALP
Following its majority win in the 2025 Federal Election, the Australian Labor Party (ALP) has been returned to government. During the election campaign, the ALP outlined a range of tax and economic measures, some of which have already been legislated or announced as part of the 2025 Federal Budget. Below is a summary of the […]
Labor wins Federal Election: the impact for your small business
Following the Federal Election on 3 May 2025, the Australian Labor Party has been returned to government with a clear majority. This result provides continuity and allows the Government to proceed with its policy agenda aimed at supporting Australian businesses, particularly small enterprises. Several key initiatives announced or extended by the Government may offer practical […]
Trump’s tariffs: what they mean if you export to the USA
For Australian small businesses exporting to the United States, the recently imposed US tariffs represent a significant and immediate shift in trading conditions. These are not merely political manoeuvres—they are tangible cost increases that may directly affect your bottom line. Understanding the Tariff Introduction As part of his renewed ‘America First’ policy, President Trump has […]
The Coalition’s Budget Reply: the business insights
On 26 March, the Albanese Labor Government handed down its 2025–26 Federal Budget. From a small business perspective, the Budget offered limited new support, with the primary benefit being an extension of existing energy relief measures. However, several small business-focused policy announcements were subsequently included in the Coalition’s Budget Reply, delivered by Opposition Leader Peter […]
More tax relief for drinks companies: how will it improve your excise refund?
Australian businesses involved in brewing, distilling, and wine production are set to benefit from enhanced tax relief, providing a reduction in their tax liabilities. Excise Remission Cap and Wine Equalisation Tax (WET) Rebate Increases Currently, brewing and distilling businesses can claim a full refund of excise duty paid, up to a limit of $350,000 per […]
Getting help with your small business debt
Managing rising debt while facing cash flow challenges can be a serious concern for any business owner. The financial strain, uncertainty, and pressure can feel overwhelming. However, there are steps you can take to regain control and work towards financial stability. To address your financial difficulties effectively, it is essential to identify the underlying cause: […]
Christmas bonuses and other festive payroll matters
Employers often provide additional payments to employees at year-end, such as Christmas bonuses or overtime payments. It is essential for employers to understand the reporting obligations to the Australian Taxation Office (ATO) and the implications for superannuation guarantee contributions. Christmas Bonuses Christmas or performance bonuses are lump sum payments made to reward employees for their […]
Christmas Parties and Fringe Benefits Tax
As the festive season approaches, many businesses look forward to celebrating with employees, clients, and loved ones. However, it is important to understand the potential tax consequences of such events. To help you navigate this, we have outlined the tax treatment for Christmas parties and gifts below. Christmas Parties Held on Business Premises Held Away […]
Common errors for rental property owners
The Australian Taxation Office (ATO) has issued a list of common taxpayer errors identified through its recent property management data-matching program. The key findings from the report are as follows: If you have inadvertently omitted any rental income or made errors in claiming expenses, we strongly recommend lodging an amendment at your earliest convenience. Additionally, […]
The ATO’s top tips for running a small business.
Small businesses are the driving force behind Australia’s economy. In 2022, businesses employing fewer than 20 people contributed nearly $590 billion in value, accounting for approximately one-third of the country’s gross domestic product (GDP) during this period. However, maintaining effective financial management, accounting, and tax planning can present significant challenges for many business owners. To […]