CMA Accounting & Taxation Services

10/10/2026

The Federal Government has announced the ATO will keep accepting credit card payments until 30 June 2027, rather than cutting them off on 30 November.

01/10/2026

ATO changes to payments as of 01 December 2026 - taxpayers are no longer able to pay the ATO at all, via any credit card 💳🪪

28/09/2026

Just a reminder that the office will be closed on Monday 5 October 2026, for the Kings birthday public holiday and will reopen on Tuesday 6 October 2026 👑👑

16/09/2026

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 letters are not government-issued bills. They are often marketing materials designed to closely resemble official correspondence. They may include your business name and address, information that can be publicly accessed through the ASIC register, and present themselves in a way that creates a false sense of urgency, including listing a “due date”.

You are under no obligation to pay these notices.

We encourage all business owners to carefully review any such correspondence before taking action. If in doubt, verify directly through official government channels or give our office a call.

05/09/2026

02/09/2026

GST (Goods and Services Tax)

When does a business need to register for GST?

A Business need to register for GST when:

It has sales revenue is of $75,000 or more or
If the business is new and business owner expects the revenue target to hit $75,000 or more in first year of operation or
If it’s an existing business and sales revenue during a financial year has hit threshold $75,000 or more.

✅GST Obligations

When it comes to GST obligations, it really does depend on the turnover of the business.

If the turnover of business is less than $10 million, you may choose to lodge business activity statements to pay GST based on cash accounting method.

If the turnover is over $10 million, then you will need to follow the non-cash accounting methods for GST.

✅GST lodgment timeframes

Depending on the turnover of your business, you may need to lodge GST monthly or on a quarterly basis.

If the business turnover is below $20 million, you can lodge quarterly.

If the business turnover is above $20 million, you will need to lodge your BAS (Business Activity Statement) monthly.

02/08/2026

TRUE or FALSE ?
Do Accountants and Tax Agents work for the ATO?
Definitely FALSE !!!!

A common misconception is that we work for the ATO - absolutely not.

We work for our clients to assist them with their taxation and accounting requirements.
We work out the best outcome, for all of our clients - albeit small business, individual clients or large business.

Come and meet our Directors, Angela and Kelly and discuss moving forward with CMA.

Give the office a call on 54488161 or email [email protected] 👌🏻

24/07/2026

🚨SCAM ALERT🚨

Received an email claiming the ATO has scheduled a phone appointment with you? It's a scam.

The email asks you to open an attachment to:

• ‘securely’ access relevant services, or
• reschedule the appointment

If you receive this email:

🛑 Do not respond
🛑 Do not click any links or open any attachments
🛑 Never enter your myGov sign in details or personal information
✅ Forward the email to [email protected]

20/07/2026

Why Do Family Businesses Need Specialist Accounting?

Family businesses face financial complexities that non-family operations never encounter. You’re not just optimising one business entity. You’re managing multiple structures, coordinating tax across different entities and family members, balancing the needs of different generations, planning for succession that might be decades away, and making financial decisions that affect family relationships.

Looking Beyond Individual Entities

Traditional accounting treats each entity separately. Lodge the company return, sort out the trust distribution, file personal returns. That approach misses the connections. A distribution from the family trust affects someone’s personal tax. A salary paid to a family member affects the business profitability and their personal financial planning. A property held in one structure might create problems for succession planning in twenty years.

Managing the Human Side of Family Businesses

Family businesses also deal with non-commercial considerations that would be unthinkable in arms-length businesses. You’re paying the founder a pension from business income. You’re employing family members who might not be the best qualified candidates but you can’t turn away. You’re making decisions about property that has emotional significance beyond its financial value. You’re balancing fair treatment of all children against the reality that some are working in the business and others aren’t.

Succession Planning Across Generations

Succession planning in family businesses involves complexity that regular business sales don’t face. You’re not selling to the highest bidder. You’re transferring ownership to the next generation, often over years, with finance provided by the exiting generation, in a structure that needs to satisfy tax requirements, family fairness, and business viability. Get it wrong and you destroy both the business and family relationships.

Navigating Complex Family Group Tax Structures

Tax planning across family groups requires understanding structures that might have been set up decades ago by advisors who are no longer around, documented in ways that don’t reflect current practice, operating under trust deeds that create limitations on what you can do. Many family businesses discover too late that their structures don’t work for modern tax planning or limit their succession options.

How Specialist Accountants Support Family Enterprises

That’s why family businesses need accountants who understand both the commercial and personal dimensions. We’ve worked extensively with multi-generational family businesses. We understand the dynamics, the sensitivities, the need for clear communication with multiple stakeholders, and how to give advice that considers both financial outcomes and family relationships. Our experienced team knows when to push for commercial decisions and when to respect that family considerations outweigh pure financial logic.

To discuss further, please email [email protected] or call 0754488161 for an appointment

(Free 30 minute meet and great for new business clients)

04/07/2026

CMA EOFY year party at Spirit House Cooking School at Yandina - time for a chill out - great company and good food 🥂🍹