ISG Accounting

10/01/2026

A high salary doesn’t always mean freedom.

We see it every day.
Talented professionals earning well…
but stretched thin.
Time-poor.
Relying on a single paycheck.

Many tell us the same thing:

“I want to start something on the side.”
“I want another income stream.”
“I just don’t know where to start—or how it affects my tax.”

That’s where ISG ACCOUNTING comes in.
We help you focus on running and growing your business while we take care of your tax and compliance.

Whether you’re:
• Starting a side business while working full-time
• Turning an idea into a registered business
• Or already operating and feeling overwhelmed by tax obligations

We guide you step by step.
✔ ASIC registrations (ABN, companies, trusts)
✔ Clear guidance on your tax obligations
✔ Bookkeeping setup and support using Xero — we’re a Xero Partner, providing simple, user-friendly systems for small to medium businesses
✔ Business tax returns & ongoing compliance
✔ CFO-style advice to help you make informed business decisions

No jargon.
No guesswork.
No pressure.

You focus on the business.
We handle the numbers.

If you’re on a high salary and thinking about starting a side business—or want clarity around your business tax affairs—we’re here to help.

📩 Don’t wait, please send us a message to book a consultation today. We are also available on weekends (bookings required).

Visit our website:

Professional tax and accounting services for individuals and businesses.

26/08/2025

Visit our website today and feel free to share with others -

Professional tax and accounting services for individuals and businesses.

15/08/2025

The Taxable Payment Annual Report (TPAR) is a crucial compliance requirement for businesses in Australia. For the financial year 2025, the deadline for lodgement is 28 August 2025. It’s essential to prepare and submit this report on time to avoid penalties and ensure your business remains in good standing.

The TPAR focuses on payments made to contractors in specific industries, including building and construction, cleaning, and security. Accurate reporting not only helps you meet your obligations but also provides valuable insights into your business expenses.

To streamline the process, gather your payment records early and ensure they are complete, verify that all information is accurate and submit them by the due date. Remember, timely lodgement is key to maintaining compliance and avoiding unnecessary stress. Stay ahead of the deadline, and keep your business on track.

If you need any assistance, please feel free to contact us!

10/07/2025

📢 Attention: STP Finalisation Deadline is 14 July 2025!

If you're an employer in Australia, don’t forget to finalise your Single Touch Payroll (STP) data by 14 July 2025! ✅

This ensures your employees can lodge their tax returns accurately and on time.

🔹 Finalise all employee records through your STP-enabled software

🔹 Check for any errors or missing information

🔹 Confirm each employee’s year-to-date amounts are correct

💡 Other Key Reminders:

🧾 Employees: Your income statements will be marked as ‘Tax Ready’ once finalised.

🏢 Small businesses: Make sure your bookkeeping is up to date—this helps smooth EOFY reporting.

💻 Need help? Reach out to us!

Let’s wrap up 2025 financial year right! 💼🇦🇺

14/06/2025

🚨 Attention Business Owners! 🚨

Whether you're a sole trader or run a company, now is the perfect time to invest in business assets!

💼 You can claim an immediate deduction for assets up to $20,000 in your FY25 tax return — this includes things like used vehicles, tools, equipment, and more!

✅ Don’t miss out on this opportunity to boost your business and save on tax.

📆 Take advantage before the end of the financial year!

👉 For more info or tailored advice, contact us today — we're here to help!



Reference: https://www.ato.gov.au/about-ato/new-legislation/in-detail/businesses/small-business-support-20000-dollar-instant-asset-write-off # Small Business Support – $20,000 instant asset write-off | Australian Taxation Office

20/05/2025

What is a DPN?

A DPN (Director Penalty Notice) is a notice the ATO can issue to company directors, making them personally liable for unpaid company tax debts — such as PAYG withholding, GST, and superannuation.

There are two types of DPNs:

1. Lockdown DPN
You may receive a Lockdown Director Penalty Notice if:

Your company fails to lodge its BAS, IAS, or superannuation returns within 3 months of the due date, and

The related debt remains unpaid.

➡️ In this case, directors become automatically and personally liable, and the debt cannot be avoided — even if the company later pays the debt, appoints an administrator, or goes into liquidation.

2. Non-lockdown DPN
You may receive a Non-lockdown DPN if:

Your company lodged all required returns on time, but

The related debts are still unpaid.

➡️ With a Non-lockdown DPN, directors have 21 days from the date of the notice to take action, such as:

Paying the debt in full

Appointing a voluntary administrator

Placing the company into liquidation

If no action is taken within that time, the director becomes personally liable for the unpaid amounts.

Why Lodging On Time Is Critical
Even if your business is under financial pressure, lodging on time is essential. It helps protect directors from receiving a Lockdown DPN and ensures there are still options available if a Non-lockdown DPN is issued.

Missing lodgment deadlines removes those options and increases the risk of personal liability.

Ref: https://www.ato.gov.au/individuals-and-families/paying-the-ato/if-you-don-t-pay/director-penalty-regime

Important Reminder About Your March 2025 BAS
The standard due date to lodge your March 2025 quarterly BAS is 28 April 2025.

However, if you are with a registered tax agent, you may be eligible for an extended lodgment deadline of 26 May 2025.

✅ So why wait? Lodging late can lead to ATO fines, loss of director protections, and other serious consequences.

Need assistance?
We're here to help — please feel free to contact us!

20/05/2025

RBA (RESERVE BANK OF AUSTRALIA) REDUCES CASH RATE TO 3.85%

The Reserve Bank of Australia (RBA) has cut the official interest rate by 0.25% (25 basis points), bringing it down to 3.85%. This decision was made during their meeting today and was expected by most experts.

The rate cut comes after new data from the Australian Bureau of Statistics showed that the RBA’s preferred measure of inflation, called the “trimmed mean,” has dropped into the target range of 2–3%. In the March 2025 quarter, it fell from 3.3% to 2.9%.

Looking ahead, more interest rate cuts might happen later in 2025, but that will depend on how inflation, jobs, and the overall economy perform.

Since banks and lenders usually follow the RBA’s lead, it’s likely they’ll start lowering their variable home loan rates soon.

If you’re thinking about refinancing your home loan, please feel free to get in touch. We can connect you with one of our finance brokers to help you explore your options.

Reference: https://www.rba.gov.au/statistics/cash-rate/

18/05/2025

ATO Interest No Longer Tax-Deductible from 1 July 2025

From 1 July 2025, the ATO will no longer allow tax deductions for interest charged on unpaid tax debts.

If your business currently has outstanding ATO debt, this means the cost of letting it sit just got a lot more expensive.

But there is a smarter option:

✅ If you take out a business loan to pay off your ATO debt, the interest on that loan will still be tax deductible.

That’s a key difference – and it gives you a clear choice:

💸 Keep paying over 11% interest to the ATO, without any tax deduction

OR

📈 Refinance the debt through a business loan and continue claiming the interest as a deduction

Even better, a business loan can usually be repaid over 3 to 5 years, easing the pressure on your cash flow. In contrast, ATO payment plans typically run for just 12 months – often putting real strain on your finances.

With interest rates still high, this isn’t just a small tax change – it’s a serious financial consideration.

Don’t pay the ATO premium interest with no tax benefit. Refinance smarter. Our finance brokers can help you secure a business loan tailored to your needs and situation.

Let’s chat – message us or book a time to know more.

Reference: https://www.ato.gov.au/about-ato/new-legislation/in-detail/businesses/deny-deductions-for-ato-interest-charges

18/05/2025

For any tax or accounting enquiries, kindly reach out to us via WhatsApp.