Henderson & Co

28/07/2025

Exciting News!

As you are aware, Henderson & Co Accounting and JHL Accounting have officially merged to become Henderson Walsh—a partnership built on shared values, trust, and a commitment to providing even greater support to our clients.

We’re excited to move forward together and invite you to connect with us online:

Visit our new website: hendersonwalsh.com.au

Follow us:
Instagram:
Facebook: .com/Henderson.Walsh

Our new contact details can also be found on our website.

Thank you for your continued support and trust—we’re proud to begin this new chapter as Henderson Walsh.

10/07/2025

📢 July Tax & Compliance Update

Welcome to the 2025/2026 financial year!

As we step into the new financial year, it’s a great time to check in on key tax and compliance updates.

Staying ahead of changes to superannuation, car thresholds, employer obligations and reporting deadlines will help ensure a smooth start to the year. We’ve pulled together the key points below — head to our website for more detailed information and important due dates.

Key changes and reminders:

• Car limit updated
• GST credit cap updated
• LCT thresholds updated
• SG rate increase
• SG due date approaching
• STP finalisation deadline
• PAYG tax tables updated
• Visa compliance data matching
• TBAR deadline approaching
• TPB finfluencer warning
• Home office and car deductions confirmed

Need help? Contact our office for tailored advice.

For a full comprehensive breakdown of the above points, click the link below:

In this quarter's edition of 'Practice Update - July 2025' Henderson & Co covers a range of issues related to individuals and businesses.

18/06/2025

Important Announcement - For all Henderson & Co clients

I wanted to personally share some exciting news with you— Henderson & Co Accounting Services and JHL Accounting have decided to join forces! As of 14th July 2025, we will be merging to create Henderson Walsh, a partnership built on shared values, trust and a commitment to providing you with even greater support.

We have been working side by side in our Boronia office for the past two years and we have decided it is the right time for us to join the two practices to provide you (and us!) with even more support. This is something we have been working on behind the scenes for some time and we are expecting minimal disruption as we align the two practices. If you have visited the office over the last year or two you may have already met Caroline Walsh in some capacity.

I can assure you that you will continue to receive the same personal service from me with the added bonus of an extra partner in Caroline, should I not be available. The whole team are coming along for the ride, so in addition to myself and Caroline you will have the support of our Senior Accountant Jacinta, Victoria in Administration and Monique in Bookkeeping.

The Practice has a new Tax Agent Number and therefore, we are required by law to seek your approval to be re-appointed as your trusted Tax Agent. We will be sending this request out via Xero in the coming days, all you need to do is follow the link and agree to the transfer. If you have multiple entities, you will receive more than one request. It would assist us greatly if you could attend to signing these promptly.

If you have any questions or concerns in relation to this Merger, please contact me.

Thank you for your continued support and trust, we are excited to move forward together with you as Henderson Walsh.

09/06/2025

Practice Update - June 2025
What’s New in Tax & Business from the ATO

The ATO has revealed some of the more questionable tax deduction claims it’s rejected—including a mechanic who tried to deduct an air fryer and gaming console, and a fashion industry manager who claimed over $10,000 in designer clothing. These were all denied as personal expenses. This tax time, the ATO will focus on common errors including work-related deductions, working from home expenses, and undeclared income.

New business owners are reminded to get set up correctly from the start. Key steps include: registering for an ABN, choosing the right business structure, understanding employer obligations, using digital tools, and lodging taxes on time. Good record-keeping is essential for managing cash flow and staying compliant.

Taxi, limousine, and ride-sourcing drivers must be registered for GST regardless of turnover. All rides must be reported, with penalties applying for non-compliance.

The instant asset write-off remains at $20,000 for 2024/25 for businesses with turnover under $10 million, covering eligible assets first used or installed by 30 June 2025.

Finally, the ATO warns against fake news online regarding superannuation. The super preservation age is still 60 for anyone born after 1 July 1964

For a full comprehensive breakdown of the above points, click below:

In this quarter's edition of 'Practice Update - June 2025' Henderson & Co covers a range of issues related to individuals and businesses.

08/04/2025

If you plan to claim car expenses using the logbook method, it’s time to start recording your trips 👇

11/03/2025

Welcome to the March 2025 edition of On the Money!

In this issue, we bring you key updates on personal finance and business management—because staying informed is essential for making confident financial decisions. Whether you're planning for the future, managing cash flow, or reviewing your business structure, we’ve got you covered.

This month, we explore:

Spouse Contribution Splitting – Have you considered splitting super contributions with your spouse? It can be a strategic way to maximise your retirement savings.

Early Compassionate Release of Super – In certain circumstances, you may be able to access your super early, providing financial relief when you need it most.

Choosing the Right Business Structure – Your business structure impacts tax obligations and legal liabilities, making it crucial to choose one that aligns with your long-term goals.

Contractor Payments vs. Wages – Are payments to contractors classified as wages? Understanding the distinction is important for compliance and tax management.

Website Upgrade or Makeover – Is your website meeting your business needs? A refreshed, user-friendly design can enhance customer engagement and growth.

Cash is King – Maintaining strong cash flow is essential for the ongoing success of any business.

For personalised advice, Henderson Accounting is here to help.

For a full comprehensive breakdown of the above points, please click below:

In this quarter's edition of 'On The Money March 2025,' Henderson & Co covers a range of issues related to individuals and businesses.

01/12/2024

Closing Out the Year with Henderson & Co: December's On the Money

As 2024 comes to a close, it’s time for businesses to prepare for the year ahead while wrapping up key end-of-year tasks.

The December edition of On the Money from Henderson & Co offers essential insights and guidance to help you navigate this busy season and set a strong foundation for 2025.

This quarter, we’re spotlighting topics that matter most to businesses:

Christmas Celebrations and FBT: Understand the Fringe Benefits Tax (FBT) implications for employee Christmas parties, gifts, and even taxi or rideshare costs.

Small Business Protection: Practical steps to safeguard your business and mitigate risks.

Building Business Success: Proven strategies to position your business for growth and resilience in the coming year.

Decoding the Balance Sheet: A guide to reading and interpreting your balance sheet for smarter decision-making.
Don’t let year-end pressures distract from what’s important.

Dive into this edition of On the Money for the insights you need to finish strong and start the new year with confidence.

For a full comprehensive breakdown of the above points, please click below:

In this quarter's edition of 'On the Money December 2024,' Henderson & Co covers FBT and business issues.