Brealey Quill Kenny industry news and updates

As we have mentioned previously, it is critical for employers to pay superannuation on time. Even a single day late can trigger significant penalties, including administration fees, 10% interest (from the start of the quarter), and loss of tax deductibility....

The ATO have reported that impersonation email scams have increased by over 300% from this time last year. At tax time we generally see more scam reports as scammers know this is when you expect to hear from them. Scammers...

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....

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...