Accumulate Accountants + Business Advisors

The ATO is targeting personal services income arrangements with a new guidance issued. Read more at our latest blog post.

ATO targeting personal service income businesses — Accumulate Accountants + Business Advisors The Australian Taxation Office (ATO) recently issued a new ruling,  PCG 2025/5 , w hich signi ficantly changes the "safety" of using a company or trust to manage income earned from your own personal skills (Personal Services Income or PSI).

The ATO has confirmed an extension of the immediate write off threshold until 30 June 2026.

Read more at latest blog post below.

$20,000 instant asset write-off extended — Accumulate Accountants + Business Advisors The Government recently passed legislation to extend the $20,000 instant asset write-off for small businesses by 12 months to 30 June 2026.

Payday super is coming. The ATO has released some handy documents to assist.

Read more at latest blog post below.

Payday Super is Coming — Accumulate Accountants + Business Advisors We previously flagged that Payday Super would create a real cashflow shift for Australian businesses. Now we’re seeing the Australian Taxation Office (ATO) actively stepping in to help employers prepare.

Time is ticking on GST and fuel tax credit claims. Don't miss out on claiming your credits so please review your records now.

Read more at latest blog post below.

Time is ticking on those GST claims — Accumulate Accountants + Business Advisors Taxpayers should note that GST credits and fuel tax credits will expire if not claimed within the 4-year credit time limit (i.e., generally four years from the due date of the original BAS in which the taxpayer could have claimed them).

Can you spot an AI powered scam? Less than 50% of people can according to research. Read our latest blog post here.

Can you spot an AI-powered scam? — Accumulate Accountants + Business Advisors Commonwealth Bank research shows less than half of people surveyed can spot an AI Deepfake scam. Here is what you can do to be aware.

Super is changing for employers and in particular small businesses. Please read our blog post to find out more.

Payday Super and Small Business Super Clearing House Closing down reminder — Accumulate Accountants + Business Advisors Payday Super is coming and employers should start preparing for the permanent closure of the Small Business Superannuation Clearing House ('SBSCH') on 1 July 2026.

It's the festive season which means Christmas parties are here. Read all about the tax treatments in our latest blog post.

Christmas Parties & Gifts 2025 — Accumulate Accountants + Business Advisors With the well earned December/January holiday season on the way, many employers will be planning to reward staff with a celebratory party or event.  However, there are important issues to consider, including  the possible FBT and income tax implications of providing 'entertainment'

The ATO has released new draft guidance for rental properties. See what is proposed in our latest blog post.

ATO's new guidance on rental property deductions — Accumulate Accountants + Business Advisors The ATO’s new draft guidance makes it clear that holiday homes and mixed-use rental properties will face tougher rules on deductions. Owners will now need to show their property is mainly used to earn income—especially during peak periods—or risk losing key tax benefits.

The ATO are raising old debts on hold. Check out our latest blog post for more information.

ATO targeting old debts — Accumulate Accountants + Business Advisors From August 2025, the ATO have been progressively including 'debts on hold' in relevant taxpayer ATO account balances.

The ATO are targeting small businesses for errors they say are recurring issues.

Read more at our latest blog post.

ATO targets small business — Accumulate Accountants + Business Advisors The ATO is 'detecting and addressing' recurring errors in specific industries when businesses have a turnover between $1 million and $10 million. 

The SBDC are assisting small businesses to receive electricity bill relief. Please read more at our latest blog post.

Electricity incentives for small business — Accumulate Accountants + Business Advisors Small businesses and charities operating in embedded networks in WA may be eligible for a $150 Small Business Electricity Credit, funded by the Commonwealth government and administered by the SBDC.