Our office is operating remotely today, 10 March.

Liz Gibbs • March 10, 2025

Our office is operating remotely today, 10 March.

Due to a power outage affecting the entire Samford area, the RGA Practice will be operating remotely today, 10 March, until electricity is restored. Please be assured that our team remains available and can be reached at 07 3289 1700. We appreciate your understanding and support during this time. Stay safe, and we look forward to seeing you soon.

Need Help with your Business, Bookkeeping, Tax or SMSF requirements?

If you would like a little help, please get in touch with us for assistance. We can help with your business, bookkeeping, tax and SMSF requirements.

Please also note that many of the comments in this publication are general in nature and anyone intending to apply the information to practical circumstances should seek professional advice to independently verify their interpretation and the information’s applicability to their particular circumstances. Should you have any further questions, please get in touch with us for assistance with your SMSF, business, bookkeeping and tax requirements. All rights reserved. Brought to you by RGA Business and Tax Accountants. Liability Limited by a scheme approved under Professional Standards Legislation.

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Super guarantee rules catch up with venues and gyms

By Liz Gibbs • April 17, 2025

The superannuation guarantee rules are broad and, in some circumstances, extend beyond the definition of common law employees to some directors, contractors, entertainers, sports persons and other workers.

Feeling Overwhelmed? Try the “Must, Should, Could” Approach

By Liz Gibbs • April 15, 2025

If your to-do list is starting to look more like a novel than a plan for the day, you’re not alone. It’s all too easy to get bogged down by endless tasks, unsure where to start or what really deserves your attention. That’s where the “Must, Should, Could” method comes in—a brilliantly simple way to cut through the clutter and focus on what truly matters.

Is Your Business Built on a Strong Foundation?

By Liz Gibbs • April 11, 2025

When it comes to improving your business, think of it like building a house. You wouldn’t add a second floor without ensuring the foundation is rock-solid, right? The same goes for your business.

Modest $268 Maximum personal tax cut for 2026-27 year

By Liz Gibbs • April 10, 2025

On the last sitting day of Parliament, the personal income tax rate reduction announced in the 2025-26 Federal Budget was confirmed.

How fringe benefits tax works

By Liz Gibbs • March 31, 2025

An overview of FBT. Find out how FBT applies, what you need to do as an employer, and what deductions you can claim.

Keeping Odometer Readings for Fringe Benefits Tax (FBT) 31 March 2025

By Liz Gibbs • March 30, 2025

The Australian Fringe Benefits Tax (FBT) year runs from 1 April to 31 March, and one of the key compliance requirements for employers providing motor vehicles to employees is recording odometer readings on 31 March each year. These readings help determine the taxable value of car fringe benefits and ensure accurate FBT calculations.

ATO Introduces Monthly GST Reporting for Small Businesses

By Liz Gibbs • March 25, 2025

From 1 April 2025, the ATO will be moving around 3,500 small businesses from quarterly to monthly GST reporting where they have a history of: ❌ non-payment; ❌ late or non-lodgment; or ❌ incorrect reporting. Once the change is implemented, it will remain in place for a minimum of 12 months. Affected small businesses and their tax agents will be contacted by the ATO when their GST reporting cycle is changed. A review process is available for those who don’t believe they have a history of poor compliance and should be able to remain on their current GST reporting cycle. The ATO believes that this will help small businesses improve compliance with their GST obligations and build good business habits. Do you think this is a good move?

Budget 2025-26: Show Me The Money Part 3: Impact on Business

By Liz Gibbs • March 25, 2025

In Part 3 of our analysis, we look at the impact on Business & employers, Government & Regulators, and The Economy.

Budget 2025-26: Show Me The Money Part 2

By Liz Gibbs • March 25, 2025

Budget 2025-26 is one that the government clearly did not expect to have to deliver. In Part 2 of our analysis, we look at the impact on Individuals and families.

Budget 2025-26: Show Me The Money Part 1

By Liz Gibbs • March 25, 2025

Part 1 of our Budget special: The Government’s big moment in the 2025-26 Federal Budget was the personal income tax cuts. Income tax cuts are a dazzling headline but in reality they deliver a tax saving of up to $268 in the 2026-27 year, with a tax saving of up to $536 from the 2027-28 year.