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Key ATO Updates You Need to Know (January 2025)

Stay ahead of the curve with the latest from the Australian Taxation Office (ATO), ensuring compliance and informed decision-making for your clients:

Corporate Tax Rate Reductions: The corporate tax rate for base rate entities has been reduced to 25% for businesses with a turnover under $50 million.
Superannuation Guarantee Increase: The superannuation contribution rate is now 11.5%, increasing to 12% by 2025. Ensure compliance to avoid penalties!
GST & Digital Service Tax (DST): Changes to GST, especially for digital service providers, require diligent reporting. Stay informed!
Thin Capitalisation Rules & Transfer Pricing: Stricter rules require businesses to justify their debt structures and ensure compliance.
International Tax Compliance: Australia is committed to the OECD's global minimum tax rate initiative.

We understand the hurdles you encounter daily:

Talent Shortages: Recruiting and retaining qualified accountants, especially during peak seasons, is a constant challenge.
Cost Pressures: Rising salaries, overhead costs, and software expenses squeeze your profit margins.
Compliance Complexity: Keeping up with frequent ATO updates and evolving regulations is time-consuming and demanding.

We offer a comprehensive suite of services designed to streamline your operations and empower your firm:

Bookkeeping & Reconciliation: Accurate and timely reporting aligned with Australian accounting standards, ensuring peace of mind.
BAS & GST Preparation Support: Hassle-free BAS and GST compliance filings, freeing up your team for strategic tasks.
Payroll Processing: Compliant payroll solutions adhering to Australian workplace laws, minimizing the risk of penalties.
Tax Preparation Support: Expert corporate and individual tax return preparation in line with ATO deadlines, guaranteeing accuracy and efficiency.

BAS preparation time reduced by 40%, allowing the firm to focus on client advisory services.
Saved over $50,000 annually in operational costs, boosting profitability.

Onboarded 30% more clients within a year, expanding their market reach.
Client satisfaction scores improved by 25%, enhancing their reputation and client retention.

Processed over 400 tax returns with zero errors during the peak tax season, ensuring compliance and client satisfaction.
Helped in-house staff achieve a better work-life balance, boosting morale and productivity.

Local Expertise: Deep understanding of Australian accounting standards and ATO compliance requirements.
Cost Efficiency: Save up to 70% on operational costs, maximizing your firm's profitability.
Scalable Services: Seamlessly handle workload surges during peak seasons, ensuring consistent service delivery.
Robust Security: Benefit from our robust data security measures, protecting your clients' sensitive information.
Skilled Professionals: Access a team of highly qualified accountants, including Chartered Accountants (CAs).
Compliance Assurance: Stay ahead of the curve with our proactive monitoring of the latest tax regulations.
Time Zone Advantage: Leverage our efficient round-the-clock operations, maximizing productivity and responsiveness.

We specialize in providing comprehensive back-end accounting services, enabling Australian CPA firms to thrive:

Tax Preparation & Filing (GST, Corporate Tax, Superannuation)
Bookkeeping & Reconciliation (Accurate and timely financial statements)
Financial Statement Preparation (Compliant and insightful reporting)
Payroll & Compliance Services (Ensuring adherence to local and international regulations)