Seriously Accountants

12/05/2026

What are your thoughts on last night's budget?

24/04/2026

07/04/2026

ATO fuel response payment plan
You are eligible to apply for the ATO fuel response payment plan if you are an ABN holder who meets the following 4 criteria:

1. You have experienced an increase in business operating costs and these costs are either:
a. directly attributable to higher fuel costs
b. indirectly attributable to high fuel costs because of increased transport, logistics or other supply chain costs.
2. You have a new tax debt, or you are unable to service an existing tax debt.
3. You can demonstrate a reduced capacity to pay due to the high fuel prices. This is separate from a general downturn in business or ordinary cashflow issues. This means that if fuel prices hadn’t been so high, you anticipate you would have been able to meet your payment obligations, including your instalments under existing payment plans.
4. Your lodgments are up to date within 3 months of the payment plan being set up. ATO may cancel your payment plan if lodgments are not up to date within this period. Up-to-date lodgments are also required to make a decision to remit GIC under the fuel response payment plans.
The ATO fuel response payment plan is available by application until 30 June 2026.

18/01/2026

QRIDA North QLD flood recovery grants are now open. Small businesses and Primary Producers impacted by North Queensland Monsoon Trough, Associated Tropical Cyclone Koji and Severe Weather commencing 24 December 2025 can now apply for disaster recovery grants and loans to help fund clean-up and reinstatement costs.

Queensland Rural and Industry Development Authority. Exceptional Disaster Assistance Recovery Grants - North Queensland Monsoon Trough, Associated Tropical Cyclone Koji and Severe Weather.

15/12/2025

Our lovely clients have all got their BAS for the month sorted early for us, so we will be bailing out early this year. The Office will be closed on Friday 19th.

10/12/2025

The legislation passed on 5th December to extend the instant asset write off threshold of $20,000 until 30 June 2026.

Under the measure small businesses with an aggregated turnover of less than $10 million, can deduct:

* the full cost of eligible depreciating assets costing less than $20,000 that are first used or installed ready for use between 1 July 2025 and 30 June 2026

The $20,000 limit under the measures applies on a per asset basis, so small businesses can instantly write off multiple assets.

Assets valued at $20,000 or more can continue to be placed into the small business pool and depreciated at 15% in the first income year and 30% each income year after that. In addition, pool balances under $20,000 at the end of 2025–26 income year can be written off.

05/12/2025

I think we should stick to accounting, some of those lawn bowls went a bit wild! Xmas party shenanigans...

20/11/2025

Super for Under 18s

You must pay super guarantee on payments you make to an employee under 18 years old if they work for you for more than 30 hours in a week, regardless of how much you pay them. Their earnings amount is not relevant.

If they work less than 30 hours, super is not required.