Balance123 Accounting & Advisory

22/12/2025

20/10/2025

💡 Did you know?
All Xero subscriptions now include automatic superannuation! 🙌

See how auto super can help you get ready for the upcoming Payday Super changes — and make staying compliant easier than ever.

Need a hand setting it up? We can help. 💼

13/10/2025

⏰ Quarter’s Over – Super Time!

Don’t forget your super contributions are due by 28 October. Late payments = penalties 😬

Need a hand? We make it quick & easy! 💼💡

26/09/2025

Bringing on your first staff member? Congrats – it’s a big step! But there are some essentials you must set up:
✔ Register for PAYG withholding (so you can withhold tax).
✔ Set up superannuation contributions (currently 12%).
✔ Use STP-compliant payroll software (ATO requirement).
✔ Fair Work obligations – minimum pay rates, leave entitlements.
💡 Pro tip: Even if it’s just one casual staff member, the ATO treats you like an employer. Getting it right from the start avoids messy penalties later.

21/09/2025

📢 Digital Recordkeeping – Are You Compliant?

Still keeping receipts in a shoebox? The ATO is moving toward 100% digital compliance – and it’s actually a good thing.
✅ Digital receipts are acceptable (scans or photos are fine).
✅ Store them in the cloud (Google Drive, Xero Files, Dropbox).
✅ Keep records for at least 5 years.
💡 Why it matters:

No more lost deductions.

Faster BAS & tax prep.

Audit-proof peace of mind.
👉 Start today: Create a folder called “2025 Tax” on your phone or cloud drive, and upload every receipt. It’s that easy.

17/09/2025

🤝 We’re Proud to Support Our Community! 🤝

At Balance 123, giving back means more than just sponsorships — we’re committed to volunteering our time and expertise to help local sports programs thrive. 🏀⚽🏉

Whether it’s coaching, mentoring, or sharing financial know-how, we believe strong communities build strong businesses. It’s all about teamwork on and off the field!

A big good luck to all the Maitland Junior Rugby Union Teams playing grand finals this weekend — we’re cheering you on! 🏆💙

Thank you to all the amazing clubs and volunteers making a difference — we’re proud to be part of this journey with you. 💙

31/08/2025

😬 Can’t Pay a Tax Bill on Time? Don’t Panic — Here’s What to Do 😬

We get it — sometimes cash flow gets tight, and the ATO bill hits at the wrong time. If you’re struggling to pay a tax bill, the worst thing you can do is ignore it.

✅ Talk to the ATO early – You may be eligible for a payment plan
✅ Keep lodging on time – Even if you can’t pay in full
✅ Reach out to your accountant – We can help negotiate and guide you

The ATO is much more flexible when you’re proactive. If you’re in a tight spot, we’re here to help you find the best way forward.

📞 Call us if you need support – you’re not alone.

26/08/2025

📢 Attention Small Business Clients

As of today, key changes under the Fair Work Act have come into effect that may impact your business and your team. Here’s what you need to know:

✅ Right to Disconnect
Employees now have the right to disconnect from work outside their scheduled hours. This means they can refuse to monitor, read or respond to work communications after hours unless it's reasonable to do so. Employers must respect this right or risk penalties.

✅ Casual to Permanent Employment Changes
There are also updated rules around casual employment. Casual employees now have clearer pathways to request conversion to permanent employment if they've been employed for 12 months and meet certain conditions.

🔍 It's essential to understand how these changes affect your obligations as an employer.

24/08/2025

📣 Friendly reminder! 📣
June Quarter Activity Statements are due tomorrow!

If you haven’t lodged yet, now’s the time to get things sorted ✅
Need help? Reach out – we’re here to make it easy!

Let’s get it done and avoid the last-minute rush 💼

21/08/2025

🚨 Quick reminder! 🚨
July Activity Statements are due TODAY!

If you haven’t sorted yours yet, now’s the time to get it done ✅
Need a hand? Just give us a shout – we’ve got you!

Let’s avoid those late fees together 💪

20/08/2025

📊 Need Help With Your Taxes? We’ve Got You Covered! ✅

Whether you're a business owner needimg trusted advice or an individual trying to make sense of your return — we’re here to make tax time simple and stress-free.

🔹Business Accounting & Tax Returns
From sole traders to partnerships and companies, we help you stay compliant, organized, and save where it counts.

💡 As a Certified Xero Partner, we streamline your bookkeeping and reporting with smart, cloud-based solutions.

🔹Personal Tax Returns
Maximize your refund and minimize the hassle. Fast, accurate, and tailored to your needs.

💼 Local. Reliable. Experienced.
📅 Book your consultation today — online or in-person appointments available!

19/08/2025

Valley Aquatic would like to sincerely thank Barrett and Kate from Balance123 Accounting & Advisory for their generous donation of time, effort and expertise in assisting us with our auditing procedures in preparation for our upcoming AGM. Their support of our club is greatly appreciated.
💙🖤💙🖤