Tate Partners

Highlights in our June 2024 Tate Update

The essential 30 June Guide | The end of the financial year is fast approaching. We outline the areas at risk of increased ATO scrutiny and the opportunities to maximise your deductions.

ATO fires warning shot on trust distributions | The ATO has warned that it is looking closely at how trusts distribute income and to whom. We highlight the problem areas.

For more information, click here 👇
https://www.tatepartners.com.au/tate-update-june-2024/

The Australian Federal Budget for 2024-25 is here, and it's packed with implications for businesses and individuals alike. As your trusted accountant, we're breaking down the key highlights to help you navigate through the changes smoothly.

Treasurer commitments include a focused effort on decreasing inflation by 0.75%, with initiatives aimed at easing the burden of rising costs. From energy bill relief to boosts in Rent Assistance and freezes on Pharmaceutical Benefits Scheme co-payments and student HELP debt reduction, there's something in this budget for everyone.

For businesses, there's both good news and challenges. While the extension of the $20k instant asset write-off and energy bill relief bring relief, concerns arise regarding a lack of direct support. Nonetheless, opportunities emerge with a spotlight on ATO compliance and cyber risk mitigation

At Tate Partners we understand that deciphering the budget's implications can be daunting. That's why our team of experts is here to guide you every step of the way. Let's ensure you maximise benefits, minimise risks, and thrive in the ever changing economic landscape.

Together, let's turn challenges into opportunities. Lets make it happen

Download your copy ⬇️

https://www.tatepartners.com.au/budget-2024-25/

Tate update: The ATO is cracking down on business owners who take money or use company resources for themselves........

For more information, click here 👇

https://www.tatepartners.com.au/tate-update-may-2024/

🌟 Join Our Team! 🌟
Seeking a Bookkeeping Team Leader.
Apply now! https://www.seek.com.au/job/75370847

Lest we forget

Inside this months Tate Update: Warning on SMSF asset valuations. The ATO has issued a warning to trustees of SMSFs about sloppy valuation practices……

⬇️Download your copy
https://www.tatepartners.com.au/wp-content/uploads/2024/04/Tate-Partners-Tate-Update-April-2024.pdf

The Good Friday Appeal is here, join us as we raise much needed funds for the Royal Children’s Hospital. 💚💜

Thanks to your unwavering support, our recent efforts in the 2024 Run for the Kids have resulted in The Hands on Heart team raising over $31,000, bringing our total contribution since 2009 to nearly $250,000! Your involvement has made an incredible impact on the lives of many children in need and we are sincerely grateful to you for your generosity.

The The Royal Children's Hospital, Melbourne holds a special place in our hearts and the importance of the work that occurs there each and every day is immeasurable. It is a beacon of hope for many families, providing essential, life-saving and groundbreaking care to those who need it most. We are deeply grateful to have such a vital resource in our community.

We would also like to express our gratitude to the remarkable staff at the Royal Children's Hospital for their tireless dedication and invaluable contributions. Their unwavering commitment to providing exceptional care, compassion and support to patients and their families, is truly inspiring.

This year's Herald Sun / Transurban Run for the Kids event was particularly memorable, with 97 participants joining the ‘Hands on Heart’ team. Their enthusiasm and efforts made the day truly unforgettable. We extend our heartfelt thanks to the team at Cargo Restaurant Bar for hosting our brunch and celebration afterward. Much fun was had by all in attendance, from our eldest 79 year old participant to our youngest, aged just 3 years and it was all in the name of an important cause!

We would like to extend our gratitude to our sponsors:
CoRize
Invictus Finance Solutions
Citywatch Security
Hairhouse Warehouse – Highpoint
MILC Group
Cargo Restaurant
Berth
Down the Rabbit Hole
Tenfold Business Coaching
Betta Asphalt
Highrise Strata
Body Dexa Fit

Your support means everything to us, and we're deeply grateful for your continued partnership.


Our fundraising efforts do not stop here!
We remain committed to supporting the Good Friday Appeal and encourage you to join us in making a difference. Every donation, no matter the size, counts. Please consider donating and spreading the word.

DONATE HERE https://runforthekids.gofundraise.com.au/page/TATEPARTNERSHANDSONHEART58804433

We are Hiring | Bookkeeping Supervisor. We are a boutique accounting practice, seeking a Bookkeeping Supervisor to join our dynamic and growing team. If you're looking for an opportunity to work with a forward-thinking company, this could be the perfect role for you. Apply now through the link below to become a part of this young and innovative team.

www.seek.com.au

Inside this months newsletter: The Fringe Benefits Tax year (FBT) ends on 31 March. We explore the problem areas likely to attract the ATO's attention..........

Click the link to download your copy https://www.tatepartners.com.au/wp-content/uploads/2024/03/Tate-Partners-Beyond-Numbers-March-2024.pdf

🏃‍♂️🏃‍♀️Since 2009, we've proudly been part of the Herald Sun / Transurban Run for the Kids raising over $250,000 for the Royal Children’s Hospital Good Friday Appeal.
With support from our wonderful community of sponsors, runners, walkers and fundraisers, the Good Friday Appeal can help the Hospital continue to provide world–class care to patients and their families by funding projects in four key areas:

-Ground breaking research
-State of the art equipment and technology
-Education and training for staff development
-Patient and family centred care programs

A massive shoutout to our amazing team sponsors. Your unwavering support truly makes this day shine! ✨ Thank you for choosing to support our team.
Invictus Finance Solutions
CoRize
CityWatch Security
Hairhouse Highpoint
MILC Group
Tenfold Business Coaching
Cargo Restaurant Bar
Betta Asphalt
Highrise Strata
Body DEXA Fit

🌟 To the Hands on Heart team thank you for all fundraising efforts and generosity whether time or fundraising🙏 🎉

We welcome any contribution, big or small! This hospital and the amazing people who work there will have our gratitude forever. Thank you!



Donate to:

Herald Sun/Transurban Run for the Kids | TATE PARTNERS HANDS ON HEART Join us in making a difference! The annual Run for the Kids event is not just a race, but a heartfelt journey for the Tate Partners Hands on Heart team. With over $175,000 raised to date, our commitment to the Royal Children’s Hospital Good Friday Appeal runs deep. As we aim to reach an additional...

Join us Tate Partners for the 2024 Run for the Kids! Entries close this Friday, so don't miss out. Once you've signed up, send us a message, and we'll add you to our team.

Home | Run For The Kids | Herald Sun | Transurban The Herald Sun/ CityLink Run For The Kids is a community event, and its primary aim is to raise funds for the Royal Children’s Hospital Good Friday Appeal.

Wishing you a Happy Christmas from all of us at Tate Partners 🎄

Inside this month: THE CONTROVERSIAL CASE OF THE TAXPAYER WHO CLAIMED A LOSS ON THEIR HOME

Click the link below to download your copy ⬇️
https://www.tatepartners.com.au/wp-content/uploads/2023/12/Beyond-Numbers-December-2023-Edition.pdf

For the ninth year, Cargo and Berth are hosting Christmas Day brunch, serving around 500 of Melbourne’s homeless!

In the spirit of giving back, especially during tough economic times, the event aims to bring festive cheer to those in need. As support grows, we're seeking donations to fund survival sacks—filled with basic necessities like food, soap, and a toothbrush—for Christmas day guests.

Any surplus contributions benefit the broader street community throughout the year. Each $10 donation helps assemble a survival sack. With a goal of creating over 500 hampers, your $50 donation can bring joy to 5 people.

We appreciate the continued support from our customers and suppliers over the years and invite you to contribute again.

Wishing everyone a safe Christmas and a fantastic New Year from the team at Cargo and Berth!

Head to the link to donate!

https://www.gofundme.com/f/d2ax3-cargos-christmas-for-the-homeless?utm_content=sked_657258ea86ece003dffe2893&utm_medium=social&utm_name=sked&utm_source=instagram

Inside this month, the missing $3.6bn in super guarantee owed to workers, and the Chobani yoghurt case that tests the boundaries of GST-free foods.

Click the link below to download your copy ⬇️
https://www.tatepartners.com.au/wp-content/uploads/2023/11/Beyond-Numbers-November-2023-Edition.pdf

Happy International Accounting Day !

Inside this month we walk you through the skills and training, and technology boosts - who can access them and how to make the most of them. Plus the rise of the digital games industry.

Click the link below to download your copy ⬇️
https://www.tatepartners.com.au/beyond-numbers-july-2023-edition/