BFS Partners - Chartered Accountants

25/04/2025

Tax Prep? We’ve Got It Covered 😃

Trusted, flexible, affordable Australian experts.

25/04/2025

Simplified Finance Services for Startups & Small Business Owners.

24/04/2025

Peace of mind starts with flawless financials 😃

22/04/2025

The Australian Taxation Office (ATO) has recently revised its guidance on differentiating between employees and independent contractors. This change follows several court rulings that clarified the criteria for determining whether a worker is genuinely an employee or an independent contractor.

Read More - > https://www.bfspartners.com.au/2025/04/05/employees-vs-contractors-what-sets-them-apart/

18/04/2025

You’re working hard to build your business, but deep down, you’re not sure if everything is in place. 🤔

→ Are you sure you’re operating under the right business structure?

→ Is your record-keeping truly ATO-compliant and ready for an audit?

→ And what about tax planning — is it personalized to your business’s unique situation?

At BFS Partners, we don’t just provide basic bookkeeping. We’re here to guide you with strategic advice and a holistic approach to business and tax planning.

We believe in doing more than just crunching numbers — we’re dedicated to helping your business grow with a tailored, hands-on approach. 🤝

It’s time to take your financials to the next level. 📈

Book a free consultation today and discover the difference — because your business deserves more than just the basics.

15/04/2025

If you’re selling property in Australia and you’re a foreign resident, there are important tax rules you need to know. Recent changes mean that buyers must withhold 15% of the property’s market value and pay it to the ATO, unless the seller provides a residency clearance certificate.

Read more - > https://www.bfspartners.com.au/2025/04/05/selling-property-buyers-must-withhold-and-pay-the-ato/

11/04/2025

Thinking about easing into retirement but still need a steady income? Want to trim your tax bill while growing your super? Or maybe you’d love to knock down some debt before you stop working? If you are 60 or over, you can do just that.

Read more - > https://www.bfspartners.com.au/2025/04/05/three-great-reasons-to-start-a-transition-to-retirement-pension/

07/04/2025

You may have read about a recent court decision affecting some family trusts. In a case called Bendel, published on 19 February 2025, the Full Federal Court unanimously held that the private company beneficiary of a discretionary trust has not made a “loan” or “financial accommodation” to the trust merely by not calling for the payment of its trust distribution.

Read more - > https://www.bfspartners.com.au/2025/04/05/we-may-need-to-talk-about-your-family-trust/

03/04/2025

With the due date for FBT returns coming up, the following non-exhaustive checklist may prove useful in determining whether an employer has an FBT liability in the first place.

Read More - > https://www.bfspartners.com.au/2025/03/04/2024-25-fbt-checklist/

19/03/2025

If you own Bitcoin, or any other crypto currency, you may have been the beneficiary of Donald Trump’s election as President last November – which saw Bitcoin prices jump by almost 50% almost immediately after the election (and certainly in the following weeks).

https://www.bfspartners.com.au/2025/03/04/beware-of-bitcoin-gains/