5 Common Accounting Mistakes

The 30% minimum tax on discretionary trusts still isn’t law, and it still doesn’t start until 1 July 2028. But the rules around it moved another step forward in September. On 3 September, the Australian Government Treasury released exposure draft legislation for the 30% minimum tax on discretionary trusts announced in the 2026-27 Federal Budget. […]

Ask three partners what keeps them up at night and you’ll get three different answers. One can’t fill a senior role. One is watching clients ask questions their software half-answered before the meeting. One is staring at a lodgement list that hasn’t moved since Tuesday. The top challenges for accounting firms in Australia aren’t separate […]

It’s September. The lodgement program is in full swing, two of your seniors are on leave, and the job ad you posted six weeks ago has attracted three applicants, none with Australian tax experience. Sound familiar? For a lot of practices, that’s the moment someone says, “Maybe we should look at outsourcing.” The hard part […]

If you run an accounting practice, a law firm, or a real estate agency in Australia, you have probably heard people talk about Tranche 2. Well, it is worth paying attention because from 1 July 2026, the rules around how you verify your clients and report suspicious activity are changing in a big way. Now, […]

Running payroll was already enough to keep up with. Now there’s another deadline sitting right beside it. Yes, payday super is here. From 1 July 2026, payday super changes the way Australian employers pay super. Instead of paying it quarterly, you will need to make sure super reaches your employee’s fund within 7 business days. […]

Hiring an accountant used to mean posting a job and waiting for applications. Today, many firms wait months, receive fewer qualified candidates, and compete for the same pool of experienced professionals. So, is there a shortage of accountants in Australia? The short answer is yes. Accountants are in short supply, compliance keeps piling up, and […]