QBCC Annual Reporting Opens 1 August: What Categories 1-7 Must Lodge by 31 December
Every year, thousands of Queensland licensees leave their QBCC annual reporting until the last weeks of December – and every year some of them discover a problem they no longer have time to fix. The lodgement window for categories 1-7 opened on 1 August. Here is what is involved and why early is better. Who […]
Negative Gearing & CGT Are Changing: What Property Investors Need to Know
The 2026-27 Federal Budget, handed down on 12 May 2026, proposed the biggest shake-up to property investment tax in a generation: negative gearing limited to new builds, and the 50% capital gains tax (CGT) discount replaced. The changes are not law yet and are intended to start on 1 July 2027 – but if you […]
New Financial Year, New Rules: What Gold Coast Builders Need to Know for 2026-27
A new financial year is the natural time to reset your numbers – and for builders and subcontractors, 2026-27 brings a few changes worth knowing about before you price your next job. The $20,000 instant asset write-off is set to become permanent In the May 2026 Federal Budget, the Government announced it will make the […]
Your 2026 Tax Return: What’s New and the Deductions People Miss
Tax time is here. Before you lodge your 2026 tax return – here is a quick update on the key 2026 deductions & how you can substnati An eye from the ATO: The ATO has also continued to expand its data-matching: it now pre-fills income from employers, banks, share registries, health funds and crypto exchanges, […]
A proud moment at QCA, we’re pleased to introduce our new Partner
There’s a new name on the QC Accountants partnership, and it belongs to someone a lot of our clients already know and trust. Jacki Penbrook has been promoted to Partner. For anyone who has worked with Jacki over the years, this will feel less like a surprise and more like a long-overdue “of course”. For […]
Div 296: What the New $3 Million Super Tax Means From 1 July 2026
If your superannuation balance is approaching $3 million – or you run a self-managed super fund (SMSF) that has grown strongly – a new tax called Division 296 starts on 1 July 2026. The good news: the final version that passed Parliament in March 2026 is far milder than the one first proposed. Here is […]
Payday Super Starts 1 July 2026: What Gold Coast Employers Need to Do
From 1 July 2026, the way every Australian business pays superannuation changes. From 1 July 2026 “Payday super” requires business employers to pay their employees (and some contractors) superannuation within 7 days of paying them. What is payday super? Until now, you can pay employee super quarterly – up to 28 days after the end […]
What you need to do if your company is insolvent
As a director of an Australian company, it is your responsibility to ensure that the company remains solvent and can meet its financial obligations. Insolvent trading happens when a company incurs a debt while it is insolvent or becomes insolvent by incurring that debt. Insolvency happens when a company is unable to pay its debts […]
A Key to Navigating a Potential Downturn – Planning your cashflow
A cash flow forecast is a critical tool that helps our businesses plan for their future financial stability and navigate economic downturns. It provides a comprehensive view of the inflows and outflows of cash and identifies patterns to help make informed decisions about spending, savings, and investments. Here are some ways preparing a cash flow […]
AFSL financial reporting requirements
As a holder of an AFSL, there are certain financial reporting requirements you must meet, including solvency, net tangible asset, and cash needs requirements, as outlined in the RG166. In this article, we look at these requirements and how to lodge your general purpose financial statement (GPFS), FS70, and FS71, in order to ensure AFSL […]
