Net Tangible Assets Explained: How the QBCC NTA Test Really Works
Net Tangible Assets (NTA) is the number your entire QBCC licence rests on. Drop below your category’s minimum and you are over-leveraged in QBCC’s eyes – which can trigger licence conditions, demands for an MFR report, or worse. Yet most licensees could not tell you their NTA today. Here is how it works. The basic […]
How the ATO’s New Passenger Movement Data Matching Program Affects Gold Coast Businesses
The Australian Taxation Office has announced a new data matching program that will run from the 2026-27 financial year through to 2028-29. The program uses passenger movement information from the Department of Home Affairs to help the ATO identify incorrect tax reporting, residency issues, registration gaps and potential non-compliance. For Gold Coast businesses, this program […]
How to Tell if Your Business Has Crossed the Payroll Tax Threshold
Payroll tax is one of those obligations that sneaks up on growing businesses. You start with a small team, you add a few more people, and before long your wages bill is larger than you realise. The Queensland payroll tax threshold is designed to give smaller employers breathing room, but once your wages pass that […]
Missing the TPAR Deadline Could Cost You More Than You Think
The Taxable Payments Annual Report, or TPAR, is one of those obligations that can slip through the cracks when you are busy running your business. It doesn’t arrive with the same fanfare as your BAS or end‑of‑year tax return, yet missing the TPAR deadline can have serious consequences. The Australian Taxation Office uses TPAR data […]
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 […]
The ATO Interest Rule Change That Could Cost You Thousands
ATO payment plans have always been a practical way for Gold Coast business owners to manage tax obligations without putting pressure on cash flow. For many years, the interest charged on those payment plans was tax deductible, which helped soften the cost of carrying tax debt and made payment plans a manageable option. That is […]
Understanding The One Tonne Rule For Utes, Vans And EVs
Work vehicles are a common source of confusion for Gold Coast business owners. Utes, vans and electric vehicles all sit under different ATO rules, and the way the vehicle is built often matters more than how you use it. The one tonne rule is the dividing line that determines whether your vehicle is treated as […]
Record Keeping Into 2027: Starting the Year with Better Habits
A new year is a natural reset point. Most Gold Coast business owners start January with good intentions, especially around record keeping; then the pace of work picks up and receipts end up in the car, in the bottom of a bag or buried in emails. Strong record keeping protects your deductions, keeps your tax […]
Fringe Benefit Tax explained
In a recent article, we explained how to make your Christmas party Fringe Benefit Tax (FBT)-friendly and avoid some unwelcome surprises. Employers may be confused, or unaware of the scope of FBT, how and when to pay it, and how to reduce it. Knowing the basics of FBT and how you can avoid and reduce […]
Get Everything Organised for the End of Financial Year – Maximise your tax refund
The end of financial year is fast approaching which means it’s time to get your affairs in order before June 30 to help maximise your tax refund. Here are five options that you could potentially use to maximise your tax refund this year. 1. Organise your records Now is the time to collate and organise […]
