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| Business, Hall Browns News, Taxation
EOFY Debrief: Lessons Learned and Planning Ahead
What last year’s numbers can tell you about next year’s success The end of the financial year (EOFY) is more than just a compliance checkpoint. It’s a valuable opportunity to ...
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| Business, Hall Browns News, Taxation
Community in Action: The Story Behind Jinndii Waijung
Hall Browns Accountants are proud of the Lady Musgrave Trust and their recent opening of Jinndii Waijung.Built by The Lady Musgrave Trust, this housing complex will provide close to 12,000 ...
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| Business, Hall Browns News, Taxation
How AI and Automation Are Reshaping Accounting – And What It Means for You
A Quiet Revolution in Accounting AI has been a buzzword for some time. It might not be the first thing that comes to mind when you think about accounting, yet ...
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| Business, Hall Browns News, Taxation
ATO General Interest Charges (GIC) No longer deductible
A Quiet Revolution in Accounting As of 1 July 2025, taxpayers will no longer be able to claim tax deductions for ATO interest charges—specifically General Interest Charges (GIC) and Shortfall Interest Charges (SIC)—on ...
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| Business, Hall Browns News, Taxation
Understanding Fringe Benefits Tax (FBT) and Its Impact on Your Business in 2025
Fringe Benefits Tax (FBT) is a critical consideration for Australian businesses, yet it remains an area that many employers struggle to navigate effectively. With recent changes to FBT regulations coming ...
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| Business, Hall Browns News
Top Financial KPIs Every Business Owner Should Track in 2025
As a business owner, financial health is the foundation of your company’s success. But how do you measure success beyond just checking your bank balance? With so much data to ...
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| Business, Hall Browns News
Setting Financial Goals for Your Business – Start 2025 Strong
As we step into 2025, it’s the perfect time for business owners to set clear financial goals that will drive success in the year ahead. Whether you’re a startup, a ...
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| Business, Hall Browns News
5 Tips to Improve Business Cashflow in 2025
Managing cash flow isn’t just about tracking money in and out — it’s the key to business growth, stability, and resilience. Even highly profitable businesses struggle with cash flow shortfalls, ...
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| Education, Hall Browns News
Nail Your Accounting Interview in 2025: Tips & Tricks from Experts
Whether you're a seasoned professional looking to jump ship, or an aspiring university graduate - interviews will still make you nervous. Preparation is the key to making a lasting impression, ...
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| Education, Hall Browns News
20% Student Loan Reduction in Australia: What You Need to Know
As Australians grapple with the rising cost of living, the federal government has announced a significant reform to reduce student debt burdens. To be applied on 1 June, 2025, this ...
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| Hall Browns News, Taxation
Aged Care Cost Changes 2025: What Brisbane Families Need to Know
Aged Care Cost Changes 2025: What Families Need to Know As we approach 1 July 2025, significant reforms to Australia’s aged care sector are set to reshape the cost and ...
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| Education, Hall Browns News
Top Accounting Skills Every Professional Should Develop in 2025
The accounting profession is evolving rapidly, driven by advancements in technology, regulatory changes, and shifting client expectations. For accountants and professionals across Brisbane, and Australia, staying competitive requires a commitment ...
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| Hall Browns News
Riding for a Cause
The benefits of cycling might include fitness, health and happiness, but when you’re pedalling with a purpose, there’s even more reason to enjoy the ride. So Hall Browns is very ...
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| Hall Browns News
Changes to Super Caps
As confirmed by the Federal Government, there will be increases in standard concessional (deductible) and non-concessional (after-tax) superannuation contribution caps from 1 July 2024. In the 2025 financial year, the ...
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| Hall Browns News
Some cost-of-living relief
The promised overhaul of Stage 3 tax cuts has now passed through both houses of parliament, and into law. The aim of the Federal Government initiative was to broaden the ...
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| Hall Browns News
Safeguard Your Identity During the Festive Season
As we approach the holiday season, a period marked by increased online activity, it is paramount to remain vigilant about identity protection. John Ford, ATO Deputy Commissioner and Chief of ...
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| Hall Browns News
Tax-deductible and FBT Free Christmas Gifts
The holiday season is upon us, and business owners are contemplating ways to express gratitude to their hardworking employees. One common inquiry during this period revolves around tax-effective gift options ...
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| Hall Browns News
Small Business Tech and Training Boost
Be it to gain a competitive advantage, fill a skills-gap, or support employees along their evolving career paths, upskilling is now considered a priority of business management. Equally important is ...
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| Hall Browns News
Energy Boost for Small Business
The Small Business Energy Incentive was first announced by the Treasurer Jim Chalmers in April this year and included as a 2023/24 FY federal budget measure. Its aim is to ...
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| Hall Browns News
Residency Disclosure for Tenderers of Large Government Contracts
Changes now apply (effective 1 July 2023) regarding disclosure of all businesses tendering for large Australian Government procurement contracts. Tenderers for contracts worth more than $200,000 are required to disclose ...
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| Hall Browns News
Top Tax Tips for EOFY
With a focus on the end of the financial year, it’s time to act on opportunities to improve your tax position. It is also important to consider changes in legislation ...
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| Hall Browns News
Providing children with the basics
At Hall Browns, our mission is to be our clients’ most trusted advisor. We achieve this by being professional, ethical, proactive and getting real results for clients. We pride ourselves ...
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| Hall Browns News
2023 – 2024 Federal Budget
Last night, Treasurer Jim Chalmers handed down a budget with very few incentives for business. However, the proposed stage three tax cuts, which are due to kick in on 1 ...
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| Hall Browns News
Lodgement Deadlines – Are you on track?
With the end of Q1 looming, Hall Browns would like to remind you of some important upcoming dates relating to the lodgement of income tax returns. These relate to the ...
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| Hall Browns News
Data Security & Scams
It’s an unfortunate reality that cyber security attacks are on the rise and now more than ever organisations need to be proactive about protecting information from a range of scams ...
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| Hall Browns News
Offshore Team Update
In 2022 Hall Browns began an international recruitment drive to supplement the shortage of accounting staff available locally. At the time Simon Grant of Chartered Accountants Australia and New Zealand ...
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| Hall Browns News
2022 – 2023 Federal Budget
Last night, Treasurer Josh Frydenberg handed down a budget aimed at reducing the cost of living for individuals and families, while supporting businesses through Australia's economic recovery and encouraging them ...
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| Hall Browns News
ATO Taxpayer Alert – Family Trust distributions under Attack
The ATO has recently released a Draft Ruling TR 2022/D1 and Taxpayer Alert TA 2022/1 directly targeting Family Trust distributions made to adult children. In the Alert, the ATO have ...
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| Hall Browns News
Hall Browns Accountants’ launches new look
We are excited to announce the launch of our new brand. We would like to thank the team at Prodigy Plus for their assistance and expertise with the design of ...
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| Business, Hall Browns News, Taxation
Cryptocurrency – ATO Focus Area
With Bitcoin at an all-time high and with the ever-increasing adoption of Cryptocurrency by large institutions and individuals alike, the ATO has re-iterated to taxpayers the importance of correctly declaring ...
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| Business, Hall Browns News, Taxation
Director Identification deadline announced
Current Australian directors will now have one year to apply for their unique director identification number before substantial fines of potentially in excess of over $1.11 million are introduced for ...
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| Business, Hall Browns News, Taxation
6 Member SMSF’s are here
From 1 July 2021, self-managed super funds (SMSF) and small APRA funds (SAFs) will be allowed to have up to six members instead of four. The changes have been on ...
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| Business, Hall Browns News, Taxation
COVID 19 – DISASTER RECOVERY PAYMENTS
With the emerging COVID-19 situation in QLD over the weekend, the 11 LGA’s subject to a lockdown have now been declared a Commonwealth Hotspot. This opens up pathways for both ...
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| Business, Hall Browns News, Taxation
Office working remotely due to COVID shut down
Due to current government regulations, our office is currently closed and all staff are working remotely. You can contact us through our regular office phone number (07) 38311055 or you ...
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| Business, Hall Browns News, Taxation
2021 Federal Budget
Last night, Treasurer Josh Frydenberg handed down a budget that is heavily focused on spending and economic recovery to build resilience and future essential services. The Government’s immediate focus is on ...
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| Business, Hall Browns News, Taxation
ATO – Privately Owned & Wealthy Group Reviews
The ATO are currently ramping up their audit activity with “The next 5000 performance program” which focuses on high wealth private groups who control wealth of more than $50m. Privately ...
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| Business, Hall Browns News, Taxation
Supporting Apprentices and Trainees – JobTrainer
Small businesses who employ apprentice’s or trainee’s may be eligible for a wage subsidy of 50%. The government's JobTrainer package is providing support for businesses to keep their apprentices and ...
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| Business, Hall Browns News, Taxation
JobMaker Hiring Credit Scheme
Eligible employers can now register for the Jobmaker Hiring Credit scheme with the ATO. The scheme applies to employees starting employment between 7 October 2020 and 6 October 2021. Once ...
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| Business, Hall Browns News, Taxation
Office Closure for Christmas and New Year period
Our office will be closed from 1pm on 22 December 2020 and will reopen at 8.30am on 6 January 2021. We would like to wish you and your family a ...
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| Business, Hall Browns News, Taxation
The FBT and Tax Implications of Christmas Functions and Gifts
With Christmas just around the corner, many business owners are busy planning gifts and functions as a way to thank employees for their hard work during such a challenging year. ...
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| Hall Browns News, Taxation
Reminder – Payroll Tax Relief Deadline Approaching for July & August Refunds
Applications for a refund of your payroll tax for July and August 2020 must be lodged by 30 October 2020. Employers (or groups of employers) who pay $6.5 million or less in Australian ...
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| Hall Browns News, Taxation
Important information on JobKeeper Extension 1 commencing from 28 September 2020
The JobKeeper program has been extended until 28 March 2021. To continue receiving JobKeeper payments, eligible employers will need to assess their decline in turnover with reference to actual GST ...
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| Business, Hall Browns News, Superannuation, Taxation
Reminder – Taxable Payments Annual Report (TPAR) Due Soon
The Taxable Payments Annual Report for the 2019/20 financial year is due on 28th August 2020. Businesses that provide certain services must report the details of the payments made to ...
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| Hall Browns News, Taxation
Reminder – Superannuation Guarantee Amnesty ends 7 September 2020
Employers Act Now – one off opportunity to self-correct underpayment of super or super guarantee issues before tougher penalties apply. The Superannuation Guarantee Amnesty Bill that received Royal Assent on ...
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| Business, Hall Browns News, Taxation
COVID-19 and Residential Rental Properties
Many residential rental property owners have had their rental income affected by COVID-19. As a result, you may be wondering what you can claim this tax time. Rental property owners ...
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| Business, Hall Browns News, Taxation
Federal Government has announced a $130b JobKeeper payment
The Federal Government has announced a $130b JobKeeper payment to help keep more Australians in jobs and support businesses. On 30th March, the Government announced the “JobKeeper” payment scheme. This ...
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| Hall Browns News, Taxation
Queensland Government’s $4 Billion Plan
The Queensland Government has released a $4 billion relief package to support households, businesses and the health sector. Premier Annastacia Palaszczuk has announced the following initiatives that are available to ...
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| Business, Hall Browns News, Superannuation, Taxation, Uncategorised
Is your business COVID19 ready?
What possible risks could COVID 19 have on your business and how do you prepare for them? We understand many business owners will be worried about the uncertainty that we ...
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| Business, Hall Browns News, Superannuation, Taxation, Uncategorised
Government’s $66 billion 2nd round of stimulus measures to keep businesses afloat
Prime Minister Scott Morrison has unveiled a second round of stimulus measures, aimed to help businesses and keep people employed during the economic downturn caused by COVID 19. Boosting Cash ...
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| Business, Hall Browns News, Superannuation, Taxation, Uncategorised
ATO Administration Relief
The ATO has advised of a number of options available to assist businesses impacted by COVID-19 including: Deferring by up to four months the payment date of amounts due through the ...
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| Business, Hall Browns News, Taxation, Uncategorised
COVID 19 Stimulus Package
Prime Minister Scott Morrison has unveiled a stimulus package in response to COVID 19 in order to assist small to medium businesses. See below for first details of the package. ...
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| Business, Hall Browns News, Uncategorised
Critical December Deadline for Discretionary Trusts
For any discretionary trust that holds residential land in NSW, 31 December 2019 is a critical date for reviewing and potentially amending your Trust Deed. Refer to the following link ...
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| Business, Hall Browns News, Uncategorised
Superannuation Guarantee Opt Out for High Income Earners
New legislation has recently been passed which means that from 1 January 2020, employees on high incomes who receive wages from multiple employers will now be able to opt out ...
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| Business, Hall Browns News, Uncategorised
We’ve changed…. for the better
A recent façade enhancement to our office has proved to be a hit among staff and visitors since completion earlier this month. We are so pleased with the results, we ...
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| Business
Use AUSkey or myGov to access the Business Portal?
On 4 September the ATO announced the way you access their online services is changing. AUSkey will retire in March 2020 as it hasn’t kept up with modern technology. If ...
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| Business, Taxation
It’s time to move to Single Touch Payroll
Single Touch Payroll is here and small employers (those with 19 or less employees) have until 30 September 2019 to start reporting. If you missed our previous blog, please click ...
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| Business, Taxation
Queensland Government Grants
The Queensland Government has numerous grants that are available to assist businesses with various aspects including cash flow funding, growth, employment opportunities and technology advancement. Below is a list of ...
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| Business, Taxation
Queensland Payroll Tax Changes 2019/20
When the Queensland Labour Government handed down the 2019-20 State Budget they announced that they were focused on jobs growth and improving employment rates. As part of their plan they ...
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| Business, Taxation
Removing Tax Deductibility of Non-Compliant Payments
Non-compliant payments to Workers no longer tax deductible From 1 July 2019, a business will only be able to claim a tax deduction for payments to workers (employees or contractors) ...
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| Business
Alert – Director Penalty Notices & Estimates for GST
Director Penalty Notices (DPN’s) for GST (similar to those for PAYG and Super Guarantee (SGC) are set to come in from 1 October 2019. The new legislation is aimed at ...
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| Taxation
The pitfalls when linking the ATO to your myGov account
With Single Touch Payroll now in full swing you may have been advised by your employer to setup a myGov account and link it to the ATO in order to ...
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| Business, Superannuation, Taxation
Superannuation payment deadline to ensure a tax deduction this financial year
To be eligible to claim a tax deduction for employee Superannuation Guarantee Contributions (SGC) for this financial year, your employee’s superannuation fund must have received and processed any payments made ...
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| Superannuation, Taxation
Single Touch Payroll (STP) deadline of 1 July 2019 is fast approaching!
Single Touch Payroll (STP) starts from 1 July 2019 for all employers with 19 or less employees. Employers with 20 or more employees needed to start reporting from 1 July ...
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| Business, Superannuation, Taxation
The Major Parties’ Superannuation and Tax Policies
The federal election has been called for May 18 and both major parties have outlined their superannuation and tax policies. With the federal election only weeks away many of our ...
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| Business, Superannuation, Taxation
ATO Position on Superannuation and Annual Leave Loading
The Australian Taxation Office (ATO) has provided clarification on whether or not compulsory superannuation is required to be paid on annual leave loading. Background: Annual leave loading (usually 17.5%) is ...
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| Business
QBCC: Changes to Minimum Financial Reporting Requirements
The new Minimum Financial Requirements (MRF) laws commenced on 1 January 2019 with the aim of ensuring that licensees in the building and construction industry are operating a financially sustainable ...
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| Business, Taxation
2019/2020 Federal Budget Highlights
On 2 April 2019, the Treasurer, Mr Josh Frydenberg, delivered his first Federal Budget and the first Federal Budget of the Morrison Government. As the Morrison Government heads towards an ...
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| Business, Taxation
Monthly Paper Activity Statements No Longer Issued
Temporary exemptions from lodging your Business Activity Statement (BAS) online have now ended and the Australian Taxation Office (ATO) will no longer issue paper activity statements. The ATO previously granted ...
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| Superannuation, Taxation
Update on the ALP’s Franking Credit Policy
In March 2018, the Australian Labor Party (ALP) announced a policy to remove franking credit refunds. If the ALP wins the next federal election, and the policy passes both Houses ...
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| Business, Taxation
Single Touch Payroll Rollout to all Employers
Single Touch Payroll (STP) was introduced on 1st July 2018 for all businesses with 20 or more staff (substantial employers). The Bill to extend the STP reporting requirements to all ...
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| Business, Taxation
Instant Asset Write-Off for Small Business Extended and Increased
Legislation was passed on 4 April 2019 to increase the threshold of the small business Instant Asset Write-Off scheme from $20,000 to $30,000 and extend eligibility to medium-sized businesses with ...
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| Business, Taxation
Earning Accommodation Income From the Sharing Economy?
Christmas is almost here and for Airbnb hosts this signals an opportunity to earn some extra cash. While online marketplaces like Airbnb may be a smart way to make use ...
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| Business, Taxation
Cryptocurrency: Tax and Record Keeping Considerations
Do you currently hold or are you considering investing in cryptocurrency? While cryptocurrencies have attracted the attention of investors and traders, they have also caught the attention of the Australian ...
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| Business
How Cyber Secure is Your Business?
Technology is central to Australia’s economic growth. While it brings significant opportunity for growth and efficiency, it also poses challenges for businesses to keep safe from cyber threats. There is ...
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| Business, Taxation
New Guidelines for Private Use of FBT Exempt Vehicles
The Australian Taxation Office (ATO) has released new draft guidelines for the private use of Fringe Benefits Tax (FBT) exempt vehicles. Fringe benefits tax is a tax paid by employers ...
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| Superannuation, Taxation
Event-Based Reporting for SMSFs
Self-managed super funds (SMSFs) have new event-based reporting obligations from 1 July 2018 due to the transfer balance cap measures and event-based reporting framework. Event-based reporting takes place via a ...
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| Business, Taxation
ATO Focus on Work-Related Expense Claims This Tax Time
ATO Assistant Commissioner, Kath Anderson, has announced a crackdown on work-related expense claims this tax time. The increased scrutiny comes as a result of the first ever research into the ...
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| Hall Browns News
Senior Promotions at Hall Browns
Hall Browns Accountants are proud to announce the promotions of two senior managers, Kirby Mitchell and Luke Launder. The promotions reflect our continued commitment to providing specialist expertise and quality ...
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| Taxation
2018/19 Federal Budget Highlights
The coalition has delivered their 5th Federal Budget and this year, Scott Morrison's theme of “living within their means” was focused on delivering income tax cuts, providing essential services and ...
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| Business, Taxation
Tax Planning 2018
As we approach 30 June 2018 now is the time to make sure that your business is prepared for the end of the financial year and to make sure that ...
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| Business, Taxation
Single Touch Payroll: Checklist
In our January Blog we discussed the introduction of Single Touch Payroll (STP) and what this could potentially mean for your business. Click here to read. We have prepared a ...
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| Business, Taxation
Single Touch Payroll: Is your business ready for the new system?
Single Touch Payroll (STP) is a change to reporting for employers. Employers will be required to report payments to employees directly from their accounting/payroll software to the Australian Tax Office ...
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| Business, Taxation
Tax-deductible and FBT Free Christmas Gifts
With Christmas just around the corner, many Business owners start thinking about ways to thank their employee’s for their hard work during the year. Common queries we are asked at ...
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| Superannuation
SMSF Events Based Reporting
There have been a lot of changes over the last 12 months for SMSF’s and this will continue with the introduction of “Events Based Reporting”. As a result of the ...
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| Business, Taxation
Safe Harbour Reforms Provide Greater Protection for Company Directors
On Tuesday 12th of September 2017, Federal Parliament passed Treasury Laws Amendment (2017 Enterprise Incentives No. 2) Bill 2017. This bill amends the Corporations Act 2001 (Cth), by creating a ...
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| Business, Taxation
ATO’s Hit List for 2017
We have once again reached Tax Time and the ATO has released a ‘Hit List’ outlining its compliance target areas for this year. Uber & Airbnb Special attention will be ...
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| Business
Are you charging customers a surcharge for paying by Debit/Credit Card? The Rules are changing
From 1 September 2017 the rules are changing for anyone that charges a surcharge to customers who pay by card. Under the new rules the surcharge amount you charge cannot be ...
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| Taxation
Income Tax Return Checklist – Individuals
Make sure that you maximise your tax refund by claiming all possible deductions for the year ended 30 June 2017. Review our individual income tax return checklist to ensure that ...
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| Business, Taxation
Maximum Franking Credits on Dividends
As a result of the reduction to the Company Tax Rate to 27.5% for Small Businesses in the 2017 Financial year, the ATO has advised that dividends will only be ...
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| Business, Taxation
Company Tax Cuts
The Government has sealed a deal with Senate cross benchers to pass the small business and company tax reforms proposed in the 2016/17 Federal Budget, with some amendment. COMPANIES The ...
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| Business, Superannuation, Taxation
Borrowing – Related Party
The ATO has recently released guidelines in relation to super funds with related party borrowings. While your super fund has always been able to borrow from a related party, the ...
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| Hall Browns News
New Office
We are excited to announce that for the first time in 30 years Hall Browns Accountants will be moving office. As of November 2016 we will be located at 112 ...
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