News
Celebrating Growth From Within
At Forsyths, we believe our people are our greatest strength. When one team member grows, we all succeed and we are proud to support every individual in realising their full potential. That’s why we’re delighted to share the latest career promotions across our business.
From Air Fryers to Swimwear - Tax Deductions to Avoid
With the 2025 tax season fast approaching the Australian Taxation Office (ATO) is reminding taxpayers to be careful when claiming work related expenses. This is in reaction to a spate of claims that didn’t quite pass the ‘pub test’.
ATO's New Requirements for NFPs
If you are involved with running a not for profit (NFP) organisation it is important to be aware of key obligations and requirements. In particular, if the NFP qualifies as a tax exempt entity there are some specific conditions that need to be satisfied and a relatively new ATO reporting obligation which needs to be undertaken to maintain that income tax exempt status.
Labor's Victory - Unpacking the Promises and Priorities
As the Labor party settle back into their seats having secured a majority in the House of Representatives, we look at the campaign promises and the unfinished business from the last term.
EOFY is fast approaching
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’s updated small business benchmarking tool
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.
Property subdivision projects: the tax implications
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.
Threshold for tax-free retirement super increases
The amount of money that can be transferred to a tax-free retirement account will increase to $2m on 1 July 2025.
Fringe Benefits Tax 2025: What you need to know
The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees.
Forsyths Principals Retreat: Planning for Success
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 Proudly Sponsoring the 2025 Gunnedah Show.
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.
Forsyths Proudly Supporting Tamworth Downunder Cricket at U-PRO Club World Series in Dubai
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!
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