All Your Accounting Needs

26/11/2025

Have you heard of 'Pay as you go (PAYG) instalments'?

They're regular prepayments of your expected income tax for the year.

PAYG instalments help those with business or investment income plan ahead and manage their cashflow.

If your PAYG instalments will be more (or less) than your expected tax for the year, you can change the amount you pay. This’ll help your prepayment to be as close to your expected tax as possible. Be sure you don’t underestimate your instalments as penalties or general interest charge may apply!

There are two ways to vary your instalments:

1. by yourself, through your myGov account
2. through a registered tax agent.

10/11/2025

Remembrance Day, Tuesday 11 November 2025.🌺

11 November marks the anniversary of the Armistice that ended fighting with Germany in World War I.

Every year at the 11th hour of the 11th day of the 11th month, millions around the world pause in silence to remember the sacrifices many have made so we can enjoy life today.

25/10/2025

13/10/2025

Treasurer's announcement yesterday afternoon revealed a 12-month delay, with implementation set for 1 July 2026.

Two thresholds apply: $3 million and $10 million, both indexed to the transfer balance cap.

A 30% rate applies to earnings between $3 million and $10 million, while earnings over $10 million are taxed at 40%.

Notably, this only applies to realised earnings, not unrealised.

13/10/2025

Good news! If you have a study loan, changes to compulsory repayments mean:

👉 you’ll only start paying back your loan if your repayment income is over $67,000, up from $54,435.

👉 you’ll only make repayments on your income above $67,000, not your entire income.

So, if your repayment income is:
💰 $67k or under = no compulsory repayment required
💰 over $67k = you’ll repay a lower amount
💰 over $179,285 = no change to your repayment amount.

No or lower repayments = less tax withheld = more $ in your pocket.
Just make sure your employer knows about your study loan.

Pay tax in instalments? These won’t change until July 2026, but you can vary yours anytime. Chat to a registered tax agent for advice.

27/09/2025

Are you under EOFY stress?

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27/09/2025

Property investor? Claiming depreciation? Yes/No

Send a message to learn more

27/04/2025