Business Advisory

Tax cuts, energy rebates, childcare savings, and healthcare investment – the 2025–26 Federal Budget is packed with changes designed to ease financial pressure on Australians. But beyond the headlines, what does it really mean for your household or business?

The Full Federal Court has ruled in Commissioner of Taxation v Bendel that unpaid present entitlements (UPEs) owed by a trust to a corporate beneficiary are not loans under Division 7A. This overturns the ATO’s long-standing position, which treated UPEs as loans subject to deemed dividend rules.

This decision has significant tax implications for trusts distributing income to corporate beneficiaries. Taxpayers should reassess their strategies and seek professional advice. While the ATO may appeal or push for legislative changes, this ruling currently stands.

For tailored guidance, contact Cordner Advisory.

As 2024 comes to a close, the team at Cordner is reflecting on the year in tax and accounting. In this blog, we revisit the months from January to June, highlighting key updates and changes since our original publication.

The Christmas season brings joy, giving, and sometimes a little extra income—but it can also come with unexpected tax implications. From seasonal jobs to online sales and festive deductions, our guide breaks down everything you need to know to stay financially savvy this holiday season. Simplify your Christmas tax worries with expert insights from Cordner Advisory, the Gold Coast's trusted Tax and Accounting firm.

Gifting in business is more than a kind gesture—it’s a strategy. But did you know the ATO has strict rules on what counts as a tax-deductible gift? From client hampers to employee rewards, not all gifts qualify, and some could leave you with unexpected tax obligations. Learn how to navigate the rules, avoid Fringe Benefits Tax (FBT) surprises, and make every gift count for your business.

The 2024-25 financial year presents a significant opportunity for small businesses across Australia with the Instant Asset Write-Off. This incentive allows you to fully deduct the cost of eligible assets purchased during the 2024 income year, with the threshold set at $20,000. This write-off can reduce your taxable income, freeing up vital cash to reinvest in your business.

At the end of the financial year, the ATO intensifies its efforts to ensure businesses and individuals adhere to tax regulations. This period sees an increase in compliance checks, making it crucial for you to stay informed about the ATO's focus areas. Understanding these focus areas and implementing strategies to maximise your tax deductions while minimising risks is essential for maintaining financial health and avoiding penalties. In this blog, we delve into the ATO's primary targets and offer practical tips to enhance your tax strategy, ensuring you navigate the end-of-year checks with confidence and compliance.

At the end of the financial year, the ATO intensifies its efforts to ensure businesses and individuals adhere to tax regulations. This period sees an increase in compliance checks, making it crucial for you to stay informed about the ATO's focus areas. Understanding these focus areas and implementing strategies to maximise your tax deductions while minimising risks is essential for maintaining financial health and avoiding penalties. In this blog, we delve into the ATO's primary targets and offer practical tips to enhance your tax strategy, ensuring you navigate the end-of-year checks with confidence and compliance.

Navigate the Federal Budget 2024-25 with Cordner Advisory. Discover key changes impacting businesses and learn strategic approaches to tax planning. Explore efficient timing of business expenses, optimising financial opportunities, and understanding new tax legislation. Partner with Cordner Advisory’s expert corporate accountants for tailored strategies that ensure compliance and enhance profitability, aligning with your business goals.

Unlock advanced tax planning with Cordner Advisory in 2024. Delve into strategic asset purchases, efficient timing of business expenses, and entity restructuring. Gain clarity on new tax credits and legal structures to optimise your business tax obligations and financial planning. Partner with business accountants from Cordner Advisory, for tailored strategies that align with your business goals and ensure compliance and profitability.