Exciting News: We’ve Moved to a New Office in Maroochydore!
Our new address is in the Sunshine Coast is 1/9 Ocean Street, Maroochydore QLD 4558
Trinity Advisory + Your Vision = Business Success
Our new address is in the Sunshine Coast is 1/9 Ocean Street, Maroochydore QLD 4558
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
Learn about a recent AAT ruling on CGT small business concessions, highlighting accurate valuations, the MNAV test, and trust income distribution. Discover the impact on tax liabilities for trusts and small businesses.
Understand the ATO's main residence exemption and avoid unexpected tax issues when selling your home. Get key tips on CGT, the 6-year absence rule, and more.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
Success isn't just about luck or talent—it's about making deliberate choices, staying determined, and never stopping your journey of growth. These tips will help propel you towards your goals and ultimate success...
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
The DaNi project aims to bring a $4.3 million DaVinci surgical robot to Far North Queensland, and we need your help to make it happen.
Fantastic news! Trinity Advisory has been featured in a spotlight article by Accountants Daily. We're honoured to have our hard work and commitment to our clients acknowledged in such a prestigious publication.
Trinity Advisory is thrilled to announce that we have been named a finalist in the prestigious 2024 Australian Accounting Awards for Business Advisory Firm of the Year.
With the right framework, meetings can become more than just hum-drum gatherings—they can be opportunities for collaboration, clarity, and progress. So, what is the key to great meetings?
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
Running a small business can be exciting, but progress rarely follows a straight line. That's why being able to bounce back and roll with the punches is so crucial.
Individuals who have been working from home this financial year probably have some work-related expenses they can claim. There are now two ways to calculate a work from home deduction.
The Government recently announced that it will continue its reform of Paid Parental Leave ('PPL') and will pay superannuation on the Government payment from 1 July 2025.
Crypto is becoming more mainstream within the small business community, including small business owners who pay salary and wages in crypto and/or receive it as payment, and established traders who buy crypto stock as a business investment.
Small businesses with an aggregated annual turnover of less than $50 million may be eligible for the small business skills and training boost.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
Today's discounted offerings dictate tomorrow's price tags, and it's an uphill battle to negotiate price increases. So, what's the game plan? Simple: Set a price that aligns with the value you provide while remaining competitive in the market. Here's how...
ATO's compliance approach for businesses that engage workers and classify them as either employees or independent contractors.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
It's a common misconception that only large enterprises need to bother with interim financial reports. These reports are crucial for businesses of every size, especially for small and medium-sized enterprises (SMEs) aiming for profitable growth.
Mastering the art of delegation and understanding where your attention is most valuable are key to achieving big results.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
For small business owners, especially those within the trade industries where employees are often off-site or working solo, embracing autonomy is crucial for scaling your operations and improving your business performance.
Having a strong company culture is the bedrock of success for any small business. Let’s explore how you can shape and enhance your company's culture by following these five steps...
Trinity Advisory has been named Community Partner of the Year winner in the Xero Australia Awards FY24.
Trinity Advisory co-owners Rod and Sue Sherrington and our clients raised $405,000 at this year’s event, making their overall contribution to the FNQ Hospital Foundation in excess of $860,000 over four years.
In the demanding world of trade businesses, the art of customer selection is crucial to a trade business’s longevity and the satisfaction of your team. Here's why...
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
The ATO reminds rental property owners and their tax agents to take care when lodging their tax returns this tax time.
It is important for taxpayers in business to know the difference between business losses and non-commercial losses.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
The ATO advises taxpayers to check if they can claim a 20% bonus deduction on technology expenditure to help digitise their small business.
When crafting your marketing strategy, it's imperative to have a robust plan for harnessing these four essential channels. Download our free checklist.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
Full application for Round 3 of the Business Boost Grant closes at 5pm, 10 October 2023. The grant assists small businesses to enhance their efficiency and productivity.
Right now, increasing employee productivity in the workplace can be challenging. Here are our top 10 tips for boosting staff productivity.
The Australian Tax Office (ATO) is warning businesses not to delay reporting contractor payments. Those that don't adhere to the reporting deadline could face penalties and raise suspicions of “dodgy behaviour”.
The government has announced that they will introduce over $1.5 billion in new tax incentives aimed at supercharging the capacity of SMEs in the areas of digital technology and employee upskilling.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
The Australian Taxation Office (ATO) has rolled out an amnesty initiative aimed at supporting small businesses with overdue tax returns, fringe benefits tax returns, or business activity statements, offering an opportunity to streamline their tax lodgments and eliminate any associated penalties.
The Small Business Energy Incentive aims to support about 3.8 million small and medium-sized enterprises across the nation, helping them conserve energy and cut down on energy costs.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
The Government has announced that, from 1 July 2026, employers will be required to pay their employees’ superannuation at the same time as their salary and wages.
A recent survey conducted by Xero, a leading financial software provider, reveals that cash flow management is causing significant financial stress for small business owners.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
The 2023-24 Federal Budget has been released, containing a wide range of tax and superannuation related measures, with a focus on support for small businesses.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
In February 2023, the Government announced plans to impose a 15% additional tax on superannuation balances exceeding $3 million, effective from 1 July 2025.
Are you a Senior Accountant with a strong passion for business advisory and building genuine relationships with your clients? We are seeking a talented individual to join our extraordinary accounting and advisory team in our Cairns office.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
As the instant asset write-off scheme comes to an end, small businesses in Australia will need to act quickly to avoid the more onerous depreciation rules that will return from 1st July 2023.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
The following information, published by the ATO, outlines the due lodgement dates for income tax returns. Please note that this information is subject to change and may not necessarily apply to your specific circumstances.
Electric vehicles provided as a car benefit by employers to their employees can be exempt from Fringe Benefits Tax (FBT) if certain conditions are met.
The outlook for business has taken a turn for the worse with key data showing trade receivables has plunging to its lowest point since the agency began collecting the data in 2015.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
With everyday purchases becoming more expensive, it’s becoming increasingly more costly to operate a business.
Here are 5 great reasons why focusing on your best customers is so important to your business success.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
The ATO is assuring people that ATO systems have not been affected by the Optus data breach.
COMMUNITY-spirited business people have come together at a special Christmas lunch to raise more than $230,000 for the Far North Queensland Hospital Foundation.
The Queensland Government is continuing to show its support for the small business sector with the launch of Round 4 of the $5 million Business Basics Grant program. Eligible small businesses will be able register their interest to apply for a $5,000 grant from 9am, 24 November.
The Commissioner of Taxation annual report 2021-22 was released last month and it’s been revealed that Australia’s non-disputed tax debt has ballooned out to almost $45 billion over three years, with two-thirds owed by small businesses.
Trinity Advisory created the Tax Talk series to help small business owners navigate the world of tax. In this episode, Courtney Peterson discusses the QBCC changes to the annual financial reporting requirements for individuals and companies in the building industry.
On 25 October 2022, Treasurer Jim Chalmers handed down an updated 2022/23 Federal Budget, the first for the Albanese Labor Government.
Without a doubt, one of the quickest and most effective ways to improve your business's bottom line is to eliminate unnecessary costs. Here are our tips for the best ways for small businesses to manage their costs.
Trinity Advisory has been voted winner of the People's Choice Award in the Xero Awards FY 23.
The Government has released draft legislation to introduce two eagerly awaited tax incentives aimed at supporting small businesses to train and upskill employees and to improve their digital and 'tech' capacity.
Trinity Advisory have been named a finalist in the Xero Awards FY23 for Community Partner of the Year.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
This tax return season the ATO has a special focus on rental properties. Assistant Commissioner Tim Loh has provided some insights as to what the ATO is concerned about.
To remain competitive, business owners need to track how company-wide goals are regularly progressing. But many businesses fail to use suitable key performance indicators (KPIs) and monitor them properly with dashboards.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
Small businesses ready to take their business to the next level are being encouraged to apply for a Business Boost grant up to $15,000.
While most business owners know how important it is to develop a strategic plan, they may not know where to start or may struggle to carve out the time required to develop one.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
We are so excited to announce the launch of the Trinity Advisory Business Coaching Program. Nearly a year in the making, our Business Coaching Program is designed to take our clients from the trap of self-employment to the freedom of true business ownership.
The Higher Education Loan Program income levels and repayment rates for the 2023 income year have been released.
The Government has registered Superannuation Legislation Amendment (Superannuation Drawdown) Regulations 2022 which extends the temporary 50% reduction in minimum annual payment amounts for superannuation pensions and annuities by a further year to 30 June 2023.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
The ATO is in the process of writing to taxpayers that may be eligible to have their tax debts disclosed to credit reporting bureaus (‘CRBs’).
From 1 July 2022, two important superannuation guarantee (SG) changes will apply to your business.
Trinity Advisory created the Tax Talk series to help small business owners navigate the world of tax. In this episode, Sean McLean discusses Director’s Penalty Notices (DPNs) being issued.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
Trinity Advisory created the Tax Talk series to help small business owners navigate the world of tax. In this episode, Luke Cowin explains the new ATO Rules on distribution of Family Trusts.
The Queensland Government has just announced a Round 3 of the Business Grant Program called ‘Business Basics Grant’. The Grant is available to those regional businesses who missed out on Round 1 or 2 Business Grants announced last year.
Getting your pricing right is one of the most important aspects of your marketing strategy because your pricing creates an immediate perception in the market of the value of your product or service.
Rod Sherrington, Managing Director and Owner of Trinity Advisory is now a '1 Page Marketing Plan' certified coach.
In line with the newly expanded Director Penalty Regime, the ATO has sent letters to thousands of company directors warning that any company taxation debts may be reported to the credit reporting bureau.
For most small businesses, trying to get your message out to a wider audience will most likely cost you a lot of money with very little results to show for it. Here are our tips for finding your business’s niche market.
One of the most important aspects of running a business is getting your cash flow right! Here are our tips on how to better manage cash flow in your business.
The recent federal budget included a new 20 per cent increase in the amount small businesses can deduct when investing in new technologies.
The Research and Development Tax Incentive is the government’s key mechanism to stimulate Australian industry’s investment in Research and Development.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
A plethora of superannuation law tweaks has recently been made by the Government, via recently passed legislative reforms.
As announced in the 2020/2021 Federal Budget, legislation has now passed to allow eligible corporate entities a 12-month extension to claim a loss carry-back tax offset in the 2023 income year.
If your trust pays adult-child beneficiaries, you’ll need to know how the new ATO tax guidance rules could alter your beneficiary arrangements.
Trinity Advisory created the Tax Talk series to help small business owners navigate the world of tax. In this episode, Steve Carroll explains the Director Penalty Regime for company debt and how to avoid personal liability if you are a company director.
A Bill has been introduced to Parliament proposing to empower the ATO to issue what will be described as a ‘tax-records education direction’.
Why do 80% of small and medium businesses (SME’s) cease trading within the first five years? Here are some of the main reasons why Entrepreneurs fail.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
Under Single Touch Payroll Phase 2, the Australian Government will require all employers to report additional information through STP on or before each payday.
In 2021, the ATO released a draft guideline in respect of the allocation of profits by professional firms. The ATO has now finalised its view and prepared a Practice Compliance Guideline PCG 2021/4 which applies from 1 July 2022.
Trinity Advisory created the Tax Talk series to help small business owners navigate the world of tax. In this episode, Richard Caldecott explains recent changes to the ATO's PAYG communication process.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
All businesses experience process issues, it’s part of the daily life of a business owner. But what do you do when major problems keep recurring? If you’re constantly putting out the same fires, perhaps you’re not solving the underlying root cause of these issues. The good news is that there are some great tools out there to help you problem-solve in a structured way.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
To assist with the recovery from the impact of COVID-19, the Australian Government is providing support to all eligible employers who engage a new Australian Apprentice by 31 March 2022.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
On Friday, 19 November 2021, the Trinity Advisory team in Cairns held our annual Christmas Charity Fundraising Luncheon and Auction. Rod, Sue and the Trinity Team were blown away to have raised a massive $150,000 for the FNQ Hospital Foundation. We could not have done this without the overwhelming support from our wonderful and generous Clients and Sponsors.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
Based on the recent ATO announcement, the Australian Business Registry Services (ABRS) will be introducing and maintaining the Director Identification Number as of 1 November 2021.
Grants of up to $100,000 are available for a range of eligible tourism and hospitality operators facing significant financial hardship as a result of COVID-19 travel restrictions and interstate lockdowns.
If you're an individual taxpayer (including if you're in business as a sole trader) and you've registered for myGov and linked your account to the ATO, your PAYG instalments correspondence will be delivered to your myGov Inbox. You should receive an email or SMS to let you know when an item is available in your myGov Inbox.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
From 1 November 2021, if you have a new employee and they don't choose a super fund when starting, you may now need to request their ‘stapled super fund’ details from the Australian Taxation Office.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
The Queensland Government has just announced a Round 2 of the Business Grant Program called ‘Business Basics Grant’. The Grant is available to those regional businesses who missed out on Round 1 Business Grants announced last month.
Learn how the team at Trinity Advisory plans to inspire, educate and empower Queensland business owners to take their businesses to the next level, making them profitable and scalable for future growth and sustainability.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
A snapshot of some of the most recently announced COVID-19 economic assistance packages that have been made available in response to the recent lockdowns and restrictions.
If your business didn’t need to provide the Australian Tax Office (ATO) with a tax return, would you still have an Accountant?
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
The countdown is on for the opening of the Queensland Government’s new $10 million Business Basics Grant program.
The Federal Budget was handed down last night 11 May 2021. Read more about the budget here.
Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.
End of Financial Year is here and we want to provide you a few reminders on actions you need to make and changes that will be happening from 01 July.
The Queensland Government has just announced three new grants programs worth $25 million over two years.
A few hundred businesses found ineligible for JobKeeper and business cash flow payments look set to receive delayed stimulus cash, the result of a review by the independent Inspector-General of Taxation.
Close to 2.5 million directors will soon be required to apply for a unique director identification number as the Treasury reveals more details on the incoming program.
The Morrison Government has just announced a post-JobKeeper stimulus package to rollout on 1 April 2021.
Determining actual decline in turnover under JobKeeper 2.0.
September Book of the Month: Daring & Disruptive, by Lisa Messenger.