Cosca Coutts Redington

04/09/2026

https://www.couttsredington.com.au/dont-get-caught-out-at-tax-time-with-your-multiples-jobs-2/

Picking up a second job, holding multiple part-time roles, or doing gig work is now part of everyday life. Picking up a second job, holding multiple

25/08/2026

⚠️ A 35% penalty is a costly reminder to take BAS obligations seriously.

A recent case involving a taxpayer penalised for “recklessness” highlights the importance of ensuring Business Activity Statements are accurate and supported by appropriate records.

Mistakes can happen, but when it comes to BAS reporting, the ATO expects businesses to take reasonable care. Getting it wrong can result in significant penalties on top of the original tax liability.

👉 Read our latest article to learn more about the case and what businesses can take away from it.

Following an application for a refund of nearly $94,000, the Administrative Review Tribunal has set aside an application for the remission of a 50 per cent penalty assessment.

22/08/2026

⚠️ ATO debt collection is ramping up — and small businesses are firmly in focus.

The ATO is taking a tougher approach to outstanding tax debts, with SMEs being urged not to ignore overdue obligations or wait for the ATO to make the first move.

If your business has an outstanding tax debt, acting early and communicating with the ATO can make a significant difference. Understanding your options and having a plan in place is key.

👉 Read our latest article to find out what the ATO’s increased debt collection activity could mean for your business.

One insolvency specialist has emphasised the importance of small businesses engaging their accountants to stay on top of their tax debts in light of increased ATO scrutiny of the SME market.

20/08/2026

Due to IT System updates to align Coutts Redington & Cosca, our office will be closed today.
We apologise for any inconvenience this may cause.
We will all be back Monday 24 August 2026 to assist you.

20/08/2026

🔐 Small business? Your privacy obligations may be changing.

The new Anti-Money Laundering (AML) rules can bring additional privacy responsibilities for businesses that may previously have been exempt from the Privacy Act — including some businesses with turnover under $3 million. (Coutts Redington)

If your business is required to comply with AML obligations, it’s important to understand how you collect, store, use and protect personal information.

Our latest article explains how the AML and privacy rules work together and what small businesses should be considering.

👉 Read more below.

Compliance with new anti-money laundering (AML) laws may subject your small business to additional privacy obligations it did not face before.

18/08/2026

💼 Working more than one job? Don’t get caught out at tax time.

Having multiple jobs can mean extra income — but it can also lead to an unexpected tax bill if the right amount of tax hasn’t been withheld along the way.

If you’re juggling two or more jobs, it’s worth understanding how the tax-free threshold and PAYG withholding work to help avoid an unwelcome surprise at tax time.

Our latest article explains what you need to know and some of the common traps to watch out for

Picking up a second job, holding multiple part-time roles, or doing gig work is now part of everyday life. But the way tax is withheld across multiple payers can lead to a surprise when you lodge your tax return.

17/08/2026

⚠️ Thinking of lodging your tax return early?

Getting your tax return done quickly might feel like a good idea, but lodging too soon can sometimes mean important information hasn’t yet been finalised or pre-filled.

Before hitting submit, it’s worth making sure everything is complete and accurate.

👉 Read more about what to consider before lodging your tax return early:

The ATO has a clear message this year: slow down and get it right. Early lodgers are far more likely to make mistakes.

12/08/2026

https://www.couttsredington.com.au/warning-for-early-lodger-this-tax-time/

09/08/2026

⚠️ ATO debt? The approach has changed.

The ATO is no longer treating outstanding tax debt with the same flexibility seen during the COVID years, with a stronger focus now on timely payment and active debt management.

For businesses and individuals with outstanding tax obligations, ignoring the issue can lead to increased interest, penalties and stronger recovery action.

The key message? Don’t wait until the ATO comes knocking. If you’re concerned about an existing tax debt or your ability to meet upcoming obligations, acting early can make a real difference.

👉 Read more about the ATO’s changing approach and what it could mean for you:

If you have concerns about your tax position, contact our team to discuss your options.

One expert has stressed the importance of tax agents reminding their clients that the ATO is no longer as lenient on tax debt collection as it was during the COVID-19 pandemic.

31/07/2026

Understanding how discretionary trusts interact with Centrelink and other social security payments is more important than ever.

If you or a family member receives social security payments and is involved in a discretionary trust, the way the trust is structured and controlled could have an impact on payment entitlements.

Our latest article explains the key considerations, common pitfalls, and why it’s important to seek advice.

If you’d like to discuss how these rules may apply to your circumstances, our team is here to help.

For businesses and families managing discretionary trusts, understanding how social security laws intersect with trust arrangements is critical. For businesses and families managing discretionary trusts, it is critical to understand how social security laws interact with trust arrangements.