Active Accounting Group

In 2023, more than 770 families with a seriously ill or injured child stayed at the Ronald McDonald House's in Newcastle and Tamworth.
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Many more benefitted from the Family Rooms at John Hunter Children's and Gosford Hospitals, Family Retreat in Forster, and the Ronald McDonald Learning Program. These vital services are provided at no cost, thanks to the generous support of the community and corporate sponsors.
💰❤️
This year Dave is committing to Ride for Sick Kids, cycling over 500km's from Glen Innes to Newcastle to raise much needed funds for Ronald McDonald House Charities NNSW.
🚴🏻‍♂️🥵
Click the link to donate to his Fundraising page, and let's make sure even more families can be supported by Ronald McDonald House.
🙏🏾🥰

https://tinyurl.com/2p88bm37

Our 4th annual Charity Tennis Grand Slam was a massive hit! 🎾 We had more teams than any year before, scrumptious lunches, drinks and auction prizes galore! The day even ended with a heart-stopping grand final match with celebrity team Wally Masur and Robbie O'Davis taking out the trophy.

We are ecstatic to have raised over $12 000 for The Westpac Rescue Helicopter Service and are so grateful to their team for helping us organise another wonderful day for our community.

We look forward to seeing you all there next year! 👏🏽

Our offices will be closed today for staff planning day🗒️

We hope everyone had a lovely Christmas and New year break!🎆

We are happy to be back after finishing 2023 with axe throwing and a delicious lunch at Martha’s in Belmont 16s.

Please note our phones will be offline tomorrow(Friday 12th Jan 2024). You can still leave a message and we will get back to you on Monday or contact us via email. The Broadmeadow office will still be open.
Apologies for any inconvenience!

Uncertainty has reigned over the last few years, but can we expect more consistency as we head into 2024?

The key influences of 2024 Uncertainty has reigned over the last few years, but can we expect more consistency as we head into 2024? We explore some of the key issues and influences.

Christmas closure dates 🎄
Our Broadmeadow office will be closed from Friday 22 December and will reopen Monday 8 January 2024
& Our Belmont office will be closed from Friday 22 December and will reopen Monday 15 January 2024.
We Hope everyone has a Happy & Safe Christmas and look forward to working with you in 2024!

Legislation enabling an extra 15% tax on earnings on super balances above $3m is before Parliament. Read more via the link

Tax on super balances above $3m hits Parliament Legislation enabling an extra 15% tax on earnings on super balances above $3m is before Parliament.

Don't want to pay tax on Christmas? Read more on our top tips to avoid giving the ATO a bonus this festive season.
https://www.activeaccountinggroup.com.au/blog/the-christmas-tax-dilemma/v

The Christmas tax dilemma Don’t want to pay tax on Christmas? Here are our top tips to avoid giving the Australian Tax Office a bonus this festive season.

Today we dropped off a huge bunch of toys at Vinnies Hunter for the Vinnies Christmas Appeal ! This amazing organisation supports families struggling with the escalating cost-of-living crisis this Christmas. We are so proud we could help out!
Please donate via the link:
https://donate.vinnies.org.au/christmas-appeal

The ATO estimates that incorrect reporting of rental property income and expenses is costing around $1 billion each year in forgone tax revenue.
View our recent post

Warning: Redrawing investment loans The ATO estimates that incorrect reporting of rental property income and expenses is costing around $1 billion each year in forgone tax revenue. A big part of the problem is how taxpayers are claiming interest on their investment property loans.

From 6 December 2023, employers can no longer employ an employee on a fixed-term contract that: is for 2 or more years (including extensions)
Read more via the link

Fixed-term employment contracts limited to 2 years From 6 December 2023, employers can no longer employ an employee on a fixed-term contract that:

What happens when a trust appoints income to a private company beneficiary but does not actually make the payment?
click the link to find out more

When trust distributions to a company are left unpaid What happens when a trust appoints income to a private company beneficiary but does not actually make the payment?

Legislation currently being debated in Parliament will introduce a new criminal offence for intentional “wage theft".
Read more

Up to 10 years in prison for deliberate ‘wage theft’ Legislation currently being debated in Parliament will introduce a new criminal offence for intentional “wage theft”. If enacted, in addition to the criminal offence, a fine will apply. The fine is three times the underpayment and:

Workers are owed over $3.6 billion in superannuation guarantee according to the latest Australian Taxation Office estimates.
Click the link to find out more
https://www.activeaccountinggroup.com.au/blog/workers-owed-3-6bn-in-super-guarantee/v

Workers owed $3.6bn in super guarantee Workers are owed over $3.6 billion in superannuation guarantee according to the latest Australian Taxation Office estimates – a figure the Government and the regulators are looking to dramatically change.

Treasury has released draft legislation to enact the Government’s plan to increase the tax rate on earnings on superannuation balances above $3m from 15% to 30% from 1 July 2025.
Read more - via the link

30% tax on super earnings above $3m Treasury has released draft legislation to enact the Government’s plan to increase the tax rate on earnings on superannuation balances above $3m from 15% to 30% from 1 July 2025. This is the final step before the legislation is introduced into Parliament and a step closer to reality.

Property investors that choose to utilise their property for short-term stays (or leave it vacant) are firmly in the sights of the regulators.
Click the link to find out more

The ‘Airbnb’ Tax Property investors that choose to utilise their property for short-term stays (or leave it vacant) are firmly in the sights of the regulators.

We are accepting donations of non perishable foods, sanitary items and children's toys for the annual Vinnies Christmas Appeal. Please drop off any donations to our Broadmeadow Office before Tuesday 7th December.
Follow this link for my items to donate:https://mcusercontent.com/58fbb2d0717e1574f98f82eb0/files/e5935610-7b4f-4c60-397e-fc7a24b53074/Christmas_Hamper_Ideas.02.pdf

The super guarantee employer obligations course is designed to educate employers about their super guarantee (SG) responsibilities for eligible employees.
Click the link below to find out more!

https://www.ato.gov.au/business/super-for-employers/super-guarantee-employer-obligations-course/

Super guarantee employer obligations course Our super guarantee employer obligations course helps educate employers about their super guarantee obligations.