Blog

Cryptoassets are not exempt from tax, so it’s important to know the basics: namely, how they are taxed, and what (if anything) you need to report to the tax authorities.

Tax Time 2026 is in full swing, and with that comes a decision for anyone who uses their car for work purposes: is it better to claim a deduction using the logbook or cents per kilometre method?

At the Federal Budget in May 2026, the Government announced that it would reintroduce a loss carry back tax offset for companies, providing a crucial buffer to any business facing difficult trading conditions.

From 1 July 2026, thousands more businesses—including accounting and professional services firms—are now regulated under Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws.

For more than 50 years, Gold Group Consulting has been privileged to support businesses, families, and individuals across Southeast Queensland, throughout Australia and overseas. Since opening our doors in 1969, our focus has remained the same: building trusted relationships and providing practical advice that helps our clients succeed.

From 1 July 2026, the minimum wage for Australian workers will increase. We explain the numbers behind the increase and the potential impact for your small business. #minimumwage #cashflow #businesstips

Read the highlights from the March 2026 quarterly statistical report on self-managed super funds (SMSFs).

In just a few days, Payday Super will finally go live. From 1 July 2026, quarterly super contributions for employees will end. Instead, employees’ super will need to be paid at the same time as their salary and wages.

The Federal Budget introduced both loss carry back arrangements for Aussie businesses and the permanent extension of the instant asset write-off. What does this mean for your business? #budget #tax #finance #businesstips

2026-27 Federal Budget was ambitious, announcing significant reforms to capital gains tax and negative gearing in a bid to support home ownership and improve the fairness of the tax system.

On 1 July 2026, the Small Business Superannuation Clearing House (SBSCH) will close permanently as part of the Payday Super reforms. With only a few months left, employers still using the SBSCH need to find an alternative option, and soon.

The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees.

Your balance sheet is a key financial statement to understand. So we’ve highlighted five ways your balance sheet can keep you informed about your financial health. #balancesheet #accounts #businesstips

A Bank reconciliation involves a comparison of your sales and expense records against the record your bank has. It is a critical financial process to identify and rectify any discrepancies or errors between your internal financial records with the transactions recorded in your bank statement.

Which is more important? Cashflow or profit? We’ll explain why getting in control of your cash is vital for the stability and continued success of your business. #businessadvice #SmallBusiness #profit #cashflow

Research shows nearly half of Baby Boomer business owners are planning to exit in the next 1 to 5 years. But do you have a succession plan in place to guide this exit?

Making time to look over your financial reports each month is an important task for any business owner. We can give you an overview of what reports you'll need to help you build a thriving business.

From August 2025, the ATO will progressively include ‘Debts on Hold' in taxpayers' account balances. These are debts the ATO previously paused collection on. The ATO is looking to collect payment of these tax debts (e.g., by offsetting any refunds or credits otherwise owed to the relevant taxpayer). 

Your Cost of Sales (CoS) is a vital financial metric to understand. We’ve highlighted 5 important ways that CoS impacts on your operational efficiency and your financial health. #CoS #costofsale #businesstips

Payday super is due to begin in July 2026. Is your payroll process ready? We’ve outlined the key requirements and how payday super could impact your small business. #paydaysuper #superannuation #businesstips

Australian Labor party (ALP) will form the government for a second consecutive term after winning the Federal election with majority seats. We have summarised for you, all tax measures proposed by the ALP throughout their federal election campaign.

It’s now a criminal offence to intentionally underpay your employees. Here’s the lowdown on the new Voluntary Small Business Wage Compliance Code and what it means for your business. #wages #payroll #businesstips

The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees.

FBT updates and problem areas

•        FBT exemption for electric cars
•        Providing equipment to work from home
•        Does FBT apply to your contractors?
•        Reducing the FBT record keeping burden
•        The top FBT risk areas

The ATO has advised that it will acquire rental bond data from state and territory rental bond regulators bi-annually for the 2023–24 through to the 2025–26 financial years.

The end of year is fast approaching, meaning gifts and parties become part of your business. We’re here, as always to remind you of your tax obligations and to assist in your decision making.

From 1 July 2026, employers will be required to pay their employees' super at the same time as their salary and wages.

The ATO will conduct a data matching program to acquire property management data from property management software companies for 2018-19 through to 2025-26.

If you’re thinking about setting up a self-managed superannuation fund, here are five key areas to be aware of when managing your fund. #SMSF #superannuation

The 2024–25 Federal Budget is out, here are the highlights sharing what you need to know for you financial year ahead #FederalBudget2024

Tax time 2024 is fast approaching and with many individuals still working from home partially or completely, this quick guide can assist you with completing the calculations for claiming the deduction. #expenses #homeoffice

The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees.

The ATO is reminding businesses to lodge any overdue taxable payments annual reports for 2022-23 or prior years, by 22 March to avoid being penalised. 

Tax may be boring, but smart use of tax planning is a superb way to help your company do more with your money. #tax #accounting #businesstips #tax #taxplanning

Consumers are becoming increasingly green in their purchasing habits. So, we’ve pulled out five ways to make your business more green, sustainable, and eco-friendly. #businessadvice #SmallBusiness #SmallBiz #sustainability

If your medical practice pays contractors, you could be caught by tax laws that deem some contractor payments the same as wages. 

The rules on entitlements for public holidays, shutdowns and leave provisions can be confusing. Has your business got a plan for staff annual leave and public holidays? We can help you plan for cash flow while meeting your employer obligations.

When you’re in control of your profit and loss (P&L), you have a tighter hold on the reins of your profitability. Read our Plain English guide to P&L and learn how to boost your profits. #tax #accounting #businesstips #ProfitAndLoss #P&L

Want to push your business to the next level? We’ve shared 10 hot questions to ask yourself as a business owner, with advice on how they will drive your growth and success. #businessadvice #SmallBusiness #growth #strategy #advice

Are you looking to purchase assets for your business? Eligible businesses can spend up to $20k per asset and immediately claim the tax deduction and GST. Talk to us about the best strategy for purchasing business assets.

Thinking about end-of-life planning might sound morbid. But by planning ahead, you remove the worry and hassle for your loved ones and secure your long-term legacy. #businessadvice #SmallBusiness #endoflifeplanning #estateplanning

With the ATO shifting its focus on taxpayers with outstanding tax lodgments and debts, find out how to avoid being penalised at the increased penalty rates in 2023–24.

Thinking of acquiring a business? Whether you’re a new entrepreneur, or a seasoned business owner, we’ve got the key questions you need to ask prior to the purchase #businessadvice #SmallBusiness #acquisitions #M&A

Prepare now for finalising STP payroll data by 14 July. Book a time with us today to check essential employee information, verify the numbers and confirm payroll categories are linked to the correct reporting fields before lodging with the ATO.

As the end of the financial year approaches, the temporary full expensing rules will be coming to an end. Considering this, we explore the options that are now available for small and medium businesses to optimise their tax deductions.

The super guarantee rate will rise in July this year to 11%. Have you calculated the extra cost to your business? This rate increase may also affect salary packages. Talk to us now to start preparing for the changes, so you don't get caught out.

The ATO has announced the commencement of a new data matching program for property investors which involves obtaining data from various financial institutions. Among other things, the information collected will include loan details and borrowing costs.

The Federal Treasurer Jim Chalmers handed down the 2023 Federal Budget on 9 May 2023. The following is a list of highlights from a tax and superannuation perspective.

The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees.

It's time to transition to STP Phase 2 in Xero if you haven't already. Mandatory Phase 2 reporting is set to commence on 31 March 2023. We can help guide you through the steps.

As of 1st Feb, Paid Family and Domestic Violence Leave is a paid leave entitlement for employees of larger employers, and from 1 Aug 23 for employees of small employers. 

Do you know your business breakeven point? Knowing how much income you must generate to cover all fixed and variable costs means you can make better business plans and financial decisions for long-term sustainability and profit.

Did you know that authenticated digital signatures can be more secure than handwritten ones? .

ABN holders will now be required to be more accountable and comply with income tax return obligations in order to keep their registration.

The ATO lets us have a little more time for December lodgments, but you’ll still need to plan for paying your BAS and super soon! Talk to us about getting organised for the first ATO lodgments and payments of 2023 and make the start of the year easy.

Does your business need to improve its cash position? Poor cashflow is a problem for many businesses, whether you’re a start-up or an established family business. Talk to us about how you can get proactive with cashflow management.

Have you got a plan for staff annual leave and public holidays? There are rules to follow on entitlements for public holidays, shutdowns and leave provisions. We can help you plan for cash flow while meeting your employer obligations.

If your business needs to manage expenses more efficiently, check out digital credit cards. Digital cards give you control over spending and minimise fraud and unauthorised auto payments.

The Federal Treasurer, Dr Jim Chalmers, handed down the Labor government's first Federal Budget on 22 October 2022. Here are the highlights of the tax and accounting measures announced. #budget

The temporary fuel excise cut has ended. See what this means for your fuel tax credit claim going forward.

What are the key reports to focus on in your business? We'll show you how to track performance, take action and prepare your company for surviving the new business normal.