Key changes are coming: the SG rate rises to 12% from 1 July 2025, and Payday Super starts in 2026. Businesses should prepare now to stay compliant and manage cash flow.
The ATO has updated its small business benchmarks with the latest data taken from the 2022–23 financial year. These benchmarks cover 100 industries and allow small businesses to compare their performance, including turnover and expenses, against others in their industry.
As the urban sprawl continues in most major Australian cities, we are often asked to advise on the tax treatment of subdivision projects. Before jumping in and committing to anything, it is important to understand the tax liabilities that might arise from these projects.
The amount of money that can be transferred to a tax-free retirement account will increase to $2m on 1 July 2025.
The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees.
Each year, our Forsyths Principals come together for a dedicated four-day retreat—a valuable opportunity to strategise for the year ahead, analyse industry trends, and set new goals to support our business, our clients, and our people. This year, our team traveled to the stunning coastal region of Port Stephens for an inspiring and productive retreat.
Forsyths Gunnedah is once again a proud sponsor of the Grand Champion Prize in the Art Section at the 2025 Gunnedah Show held on Friday, April 4 to Sunday, April 6.
At Forsyths, we believe in supporting the local communities where we live and work. That’s why we are proud to be Gold Sponsors of Tamworth Downunder Cricket, who will be representing Tamworth at the U-PRO Club World Series in Dubai from April 4 – April 13, 2025!
A new scam has been circulating where fraudsters impersonate the Australian Securities and Investments Commission (ASIC), and other registration companies are asking individuals and businesses for payments to release funds or assets.
We are excited to introduce a new investment service for our clients - the Forsyths Multi-Asset and Income Portfolios.
The amount of money that can be transferred to a tax-free retirement account will increase to $2m on 1 July 2025.
The Government has announced its intention to introduce mandatory standards for large superannuation funds to, amongst other things, deliver timely and compassionate handling of death benefits. Do we have a problem with paying out super when a member dies?