We want to alert businesses to a concerning practice that is currently circulating. If you have received a letter that appears to be an official invoice or notice requiring payment to maintain your business registration, please exercise caution. These letter are NOT government-issued bills. They are often marketing materials designed to closely resemble official correspondence.…
DetailsKey changes under the laws for the accounting profession, amongst others. The changes impact high-risk services and current reporting entities. Regulation of high-risk services The new laws will expand our regulation into new industries that are recognised domestically and globally as high-risk for criminal exploitation. This includes certain designated services that are typically provided by the following businesses (newly…
DetailsPayday Super requires employers to pay employees’ superannuation at the same time they pay their wages. Contributions must reach the employee’s fund within seven business days of payday. This replaces the old system, which only required employers to make super payments quarterly. For Employees Better visibility: You can track your super balance on a regular…
DetailsThe Australian Taxation Office (ATO) recently announced that businesses will no longer be able to claim tax deductions for ATO interest charges from 1 July 2025. This applies to the General Interest Charge (GIC) and Short Fall Interest Charge (SIC). So, what does this mean? GIC or SIC starting on or after 1 July 2025…
DetailsAfter 28 years as the Principal of CMA Accounting and Taxation Services (CMA), I want to let you know that I am announcing my transition to retirement, from 30 June 2025. Kelly Gibbard and Angela Summers will become the new owners of CMA and I will continue on a consultancy basis for a few days…
DetailsWe have both been with CMA for over 20 years each, and understand the trust you have put in Craig and the CMA team. We too have experienced the atmosphere of genuine understanding, extensive knowledge and experience, and professional guidance. We will honour Craig, by maintaining those important relationships that have been developed over the…
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MINIMISE YOUR BUSINESS TAX 2026 TAX PLANNING GUIDE Imagine what you could do with tax saved? You could: Reduce your home loan Top up your super Save for a holiday (when we can travel again!) Deposit for an Investment Property Pay for your children’s education Upgrade your Car Here’s a guide to…
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MINIMISE YOUR PERSONAL TAX 2026 TAX PLANNING GUIDE Now’s the time to review what strategies you can use to minimise your tax before 30 June 2026. Imagine what you could do with tax saved? You could: Reduce your home loan Top up your super Save for a holiday (when we can travel…
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Do you run a business from home? Running a home-based business offers a number of advantages including convenience, flexibility, freedom and cost savings. It’s great for looking after the kids, and also for starting out your business when you can’t afford separate premises. And when it comes to your tax return, you may…
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Small businesses in Australia currently have a tax debt of over $ 35 billion with the Australian Taxation Office (ATO), a number which has been increasing, and indicates the challenges small to medium businesses face with tax compliance. Unfortunately, confusion surrounding tax obligations can result in incorrect tax returns and a failure to meet…
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