Brealey Quill Kenny industry news and updates

To assist in collating the information for your personal Income Tax Return for the 2025 financial year, the following link provides a checklist of items to consider prior to attending your appointment or forwarding your taxation information to our office....

From 1 July 2025, the Australian Taxation Office (ATO) will no longer allow taxpayers to claim a tax deduction for General Interest Charges (GIC) and Shortfall Interest Charges (SIC). This is a significant change for taxpayers with outstanding taxation liabilities....

A friendly reminder to our business clients that the super guarantee rate will increase to 12% on 1 July 2025. The 12% rate will need to be applied for all salary and wages paid to eligible workers on and after 1 July. This is...

Our team recently received an update on the Personal Property Security Act (PPSA) from our affiliated advisor, Simon Read of PPSAdvisory Simon reminded us of the importance of our clients properly registering their security interests, whether this be for the...

To assist in collating the information for your personal Income Tax Return for the 2024 financial year, the following link provides a checklist of items to consider prior to attending your appointment or forwarding your taxation information to our office...

A reminder to our business clients with employees, that from 1 July 2024 the super guarantee (SG) rate increases from 11% to 11.5%. This rate applies for all wages paid after 1 July 2024, even if some or all of...

Changes to Concessional (Deductible) and Non-Concessional (Non-Deductible) Contribution Caps from 1 July 2024 From 1 July 2024, changes to concessional and non-concessional contribution caps will take effect, allowing individuals to contribute more to their superannuation. The changes are as follows:...

A reminder to our clients to be aware of emails from scammers claiming to be from the Australian Securities and Investments Commission (ASIC) asking you to pay fees, click on a link or give personal information for your business name renewal....

We are seeing increasing instances of ATO action in relation to late payment of Employee Superannuation. The below explains the importance of  quarterly superannuation guarantee (SG) obligations being paid on time, and the punitive costs imposed by the Australian Taxation...

A reminder to our clients that the ATO has updated the way you claim deductions for your home running expenses when you are working from home. There are now two methods to claim your working from home expenses: The recently...