Altr Business Advisors

18/12/2025

We’re accountants not content creators, OK? Enjoy a couple of minutes of pure chaos

16/12/2025

That cost of living crisis is hitting hard, even the ATO are re-gifting (old debts) this year

12/12/2025

'My formula is service, plus skills, plus consistent education, plus strong mentoring equals fast and sustainable success'

10/12/2025

When is Income Splitting considered tax avoidance? Let’s dive into the ATOs new Practical Compliance Guidelines and what that could mean for you

10/12/2025

Good news for HECS-HELP borrowers!

The ATO has begun rolling out its one-off 20% cut to HECS/HELP debts — as part of reforms passed in mid-2025.

Here’s what you should know:
✅ If you had an outstanding HECS/HELP (or related HELP loan) balance as of 1 June 2025, the ATO will automatically reduce it by 20% (before indexation is re-calculated)
✅ No action is required from you — the reduction is automatic and you’ll be notified by the ATO via SMS, email or through your myGov account.
✅ For example: an average HELP debt of about $27,600 could be reduced by approximately $5,500.
✅ From the 2025–26 income year, the repayment threshold increases to $67,000.

If you’ve got HECS/HELP debt, now’s a good time to log in to your ATO/myGov account and check your updated balance.

Feel free to get in touch if you want help working out what the reduction means for you

09/12/2025

The ATO have released new Guidance for PSI earners (trusts, companies & partnerships) who are currently income splitting. This is something to consider before rolling in to your 2026 and 2027 tax planning sessions. Make sure you’re across the new risk categories to avoid being part of the ATO’s audit efforts on 30 June 2027

04/12/2025

Christmas Closure Dates
 
Our office will be taking a short break over Christmas so our team can rest, recharge, and spend time with loved ones.
 
Last day of business: Friday, 19 December
Re-opening: Monday, 5 January
 
If you have anything urgent prior to the break, please feel free to reach out as early as possible so we can support you before we close.

03/12/2025

Have you ever considered donating to a charity instead of sending Christmas gifts to clients? 

This year, we’ve decided to do exactly that. Instead of purchasing client gifts, we’re redirecting those funds to support the Perth Children’s Hospital Foundation, helping raise money for sick kids and the services, equipment and programs that support them.

For small businesses, it’s a beautiful way to give back and it’s 100% tax-deductible. Win–win!

If you’d like to join us, you’re warmly invited to be part of the Altr Christmas Appeal via PCH Foundation. Every contribution, big or small, truly makes a difference.

🔗 Donate here (link in our story)
https://fundraisefor.pchf.org.au/fundraisers/mareejones

Gift less. Give more.

03/12/2025

If you’re busy planning your Small Business Christmas festivities then make sure you’re across the tax rules before you make those bookings or buy those gifts. Check out our simple Do’s and Dont’s for your Christmas parties and Staff & Client Gifts to make sure you don’t get stuck with Fringe Benefits Tax implications. As always, this is a general guide only, so get in touch if you want tailored advice for your business! 🎄

04/11/2024

An important reminder from the ATO in relation to scams surrounding their new changeover to MyID.

Remember:
⚠️ You don’t need to set up a new MyID
⚠️ You don’t need to re-confirm your identity.

If you’re unsure about any communication received from the ATO, then avoid clicking any links and contact either your accountant or the ATO directly.

Scammers are currently targeting the community in relation to the upcoming myID changes 🚨

From mid-November myGovID is changing to myID, but how you use it will stay the same.

You don’t need to do anything to prepare for the change.

⚠️ You don’t need to set up a new myID or reconfirm your details as part of this change. If you are asked to do this, it is a scam.