Magnus Business Advisers and Accountants

Magnus Business Advisers and Accountants Our firm of creative accountants is dedicated to helping small businesses obtain higher profitability both during the expansion phase and afterwards.

Employee superannuation due 28/04/2026This is a general reminder to all employers that employee superannuation payments ...
09/04/2026

Employee superannuation due 28/04/2026

This is a general reminder to all employers that employee superannuation payments for the March 2026 quarter are due 28/04/2026. We recommend that payments be made no later than 21/04/2026 to ensure they are received by the super funds on time.

If you pay your employees’ superannuation through Xero’s auto-superannuation feature, we recommend that you make the quarterly payment no later than 14/04/2026. This is so that there is still time to fix any problems that may occur with the payments.

Failure to make employee superannuation payments on time results in them being reportable to the ATO. If the late payment is not reported on time it will create an automatic non-appealable penalty of 200%.

The superannuation that still has to be paid is non-deductible, the 200% penalty is non-deductible, and any debt will be payable by the director(s) personally in the event of insolvency. In short, don't be late.

If you are late, call Magnus immediately on 07-3483-0100 as there is a short term (30 day) fix.
It's not great, but it is better than the alternative.

🏡 If you’re aged 55 or over and selling your family home, you may be able to contribute up to $300,000 per person into s...
03/03/2026

🏡 If you’re aged 55 or over and selling your family home, you may be able to contribute up to $300,000 per person into super under the downsizer rules — even if you’ve already reached your usual contribution caps.

📋 While the strategy can be powerful, strict eligibility criteria, timing requirements (including the 90-day deadline), and main residence rules must be carefully followed to avoid missing out.

📞 If you’re planning to sell and want to make the most of this opportunity, call us on 07 34830100 or send us a message today to get personalised advice before settlement.

https://www.magnusgroup.com.au/downsizer-contributions-and-main-residence-exemption/

🤖 AI tools like ChatGPT can help explain basic tax and super concepts, but relying on them for personalised advice can l...
03/03/2026

🤖 AI tools like ChatGPT can help explain basic tax and super concepts, but relying on them for personalised advice can lead to costly mistakes, audits and penalties in Australia’s complex tax system.

⚠️ AI can deliver confident yet incorrect or outdated information — and you remain responsible if errors are made, even when the advice came from a machine.

📊 When it comes to protecting your wealth and staying compliant, tailored guidance from a qualified professional remains essential.

📞 Before you act on any tax or super strategy, speak with us first — call 07 3483 0100 or send us a message today.

https://www.magnusgroup.com.au/ai-tax-tips-helpful-shortcut-or-costly-trap/

🔐 Cybersecurity is no longer just an IT issue — it’s a critical business strategy that protects your data, people, and r...
05/02/2026

🔐 Cybersecurity is no longer just an IT issue — it’s a critical business strategy that protects your data, people, and reputation as cyber threats continue to rise across Australian businesses.

👥 With over 85% of cyber incidents caused by human error, ongoing staff training and up-to-date systems are essential to reducing risk and spotting threats early.

📞 Protect your business before an attack happens — call us on 07 3483 0100 or send us a message to strengthen your cybersecurity strategy today.

https://www.magnusgroup.com.au/cyber-in-accounting-safeguarding-financial-data-in-digital-age/

💰 From 1 July 2026, Payday Super means employers must pay super at the same time as wages, ending quarterly super paymen...
05/02/2026

💰 From 1 July 2026, Payday Super means employers must pay super at the same time as wages, ending quarterly super payments and improving outcomes for employees.

⏰ Businesses will face stricter deadlines and penalties, so updating payroll systems and processes early is essential to stay compliant.

📞 Start preparing now — call us on 07 3483 0100 or send us a message to make sure your business is ready for Payday Super.

https://www.magnusgroup.com.au/payday-super-has-passed-both-houses-of-parliament/

📌 A Brisbane family trust lost tens of thousands because their year-end decisions weren’t actually made before 30 June, ...
18/11/2025

📌 A Brisbane family trust lost tens of thousands because their year-end decisions weren’t actually made before 30 June, even though the paperwork was dated correctly.

⚠️ The ATO ruled the resolutions invalid, proving you can backdate documents — but never the decision itself.

🛡️ Protect your wealth with timely decisions, clear evidence, and proper records to avoid unexpected ATO bills.

📞 Ready to safeguard your business? Call us at 07 3483 0100 or message us to get your tax planning sorted.

https://www.magnusgroup.com.au/trust-resolutions-why-timing-and-evidence-matter-in-2025/

💰 From 1 July 2025, ATO interest charges (GIC & SIC) are no longer tax-deductible — meaning unpaid tax debts will cost y...
16/10/2025

💰 From 1 July 2025, ATO interest charges (GIC & SIC) are no longer tax-deductible — meaning unpaid tax debts will cost your business more.

🏦 Refinancing your ATO debt through a bank or lender could lower your interest rate and restore valuable tax deductions.

📞 Review your ATO payment plan today and talk to your Brisbane accountant to protect your cash flow and grow your business confidently!

https://www.magnusgroup.com.au/ato-interest-charges-are-no-longer-deductible-what-you-can-do/

Employee superannuation due 28/10/2025This is a general reminder to all employers that employee superannuation payments ...
07/10/2025

Employee superannuation due 28/10/2025

This is a general reminder to all employers that employee superannuation payments for the September 2025 quarter are due 28/10/2025. We recommend that payments be made no later than 21/10/2025 to ensure they are received by the super funds on time.

If you pay your employees’ superannuation through Xero’s auto-superannuation feature, we recommend that you make the quarterly payment no later than 14/10/2025. This is so that there is still time to fix any problems that may occur with the payments.

Failure to make employee superannuation payments on time results in them being reportable to the ATO. If the late payment is not reported on time it will create an automatic non-appealable penalty of 200%.

The superannuation that still has to be paid is non-deductible, the 200% penalty is non-deductible, and any debt will be payable by the director(s) personally in the event of insolvency. In short, don't be late.

If you are late, call Magnus immediately on 07-3483-0100 as there is a short term (30 day) fix.
It's not great, but it is better than the alternative.

💡 Super limits have changed for 2025/26. You can contribute up to $30,000 before tax and $120,000 after tax, but exceedi...
01/09/2025

💡 Super limits have changed for 2025/26. You can contribute up to $30,000 before tax and $120,000 after tax, but exceeding these caps can trigger extra tax and penalties—review your limits now.

📊 Your Total Super Balance sets your contribution options. If you’re at $2M or more by 30 June 2025, after-tax contributions aren’t allowed—plan early to maximise benefits.

🔥 Ready to optimise tax and boost retirement savings? Call 07 3483 0100 or contact us today for a tailored super strategy that works for your business and future!

https://www.magnusgroup.com.au/superannuation-in-2025-made-simple-for-business-owners/

✅ Your student loan just dropped by 20%! If this clears your debt completely, you might get a refund—make sure your bank...
01/09/2025

✅ Your student loan just dropped by 20%! If this clears your debt completely, you might get a refund—make sure your bank details with the ATO are correct.

📌 Repayments are changing from July 2025. You’ll only start paying if you earn over $67,000, and your repayments will be smaller than before.

🚀 Take advantage of your savings. Redirect that extra cash into superannuation or retirement planning—book a call with Magnus today and grow your wealth!

https://www.magnusgroup.com.au/student-loan-debt-cut-in-2025/

Address

Suite 10, 39 Old Cleveland Road
Capalaba, QLD
4157

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 4pm

Telephone

+61734830100

Website

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