BSA Partnership Pty Ltd

25/03/2025

Good morning,

We wanted to quickly share some key takeaways from last night’s Federal Budget, announced by Treasurer Dr Jim Chalmers on 25 March 2025. With a federal election on the horizon, this Budget includes a number of headline measures — but keep in mind, they’re all proposals until officially legislated.

Here are some of the main highlights:

- New personal income tax cuts for all Australian taxpayers from 1 July 2026.
- Higher Medicare levy low-income thresholds from 1 July 2024.
- A 20% reduction in student loan debts, plus changes to the repayment system from 1 July 2025.
- Restrictions on foreign ownership of housing and more funding for ATO compliance.
- Support for small businesses with extended instant asset write-offs and energy bill relief.
- Pausing excise indexation on draught beer and boosting excise remission schemes for alcohol producers.

We’ve attached our full Federal Budget Tax Report if you’d like to dive into the details.

If you have any questions or want to chat about how these measures could impact you or your business, feel free to reach out to the BSA Partnership team.

11/05/2023

Aiming to provide better retirement outcomes for employees, from 1 July 2026, employers will be required to pay their employees super at the same time as their salary and wages.

09/05/2023

The 2023-24 Federal Budget was handed down last night by the Treasurer, Mr Jim Chalmers. In the attached report, we summarise the tax, superannuation and social security measures of the Budget.

Access the full BSA Partnership Federal Budget Report by clicking on the link.

19/04/2023

Working from home? Are you claiming your expenses on your tax return? There are 2 methods available to calculate your WFH claim.

20/02/2023

The ATO has finalised a major tax ruling about when distributions from family trusts may be caught by anti-avoidance tax laws. Make sure you are doing the right thing now and in the future.

21/12/2022

The December 2022 edition of the BSA Partnership Newsletter is here!

IN THIS ISSUE

- Avoiding the FBT Christmas Grinch!
- Missed the Director ID deadline? Now What?
- What do the ‘Secure Jobs, Better Pay’ reforms mean?

To download and read the newsletter - click the button below to read.

Happy reading!

The BSA Team

09/12/2022

Merry Christmas & Happy New Year!!

From all of us here at BSA Partnership - we wish you a very Merry Christmas and well deserved end-of-year break!!!

It has been another challenging year for our clients. We hope you will be able to take some time at Christmas to connect with family and friends to recharge and relax.

We are grateful for the opportunity to work with you and we look forward to seeing you at some stage in 2023 - either in person or virtually!!

Our office will be closed from Friday 23 December 2022 at 1pm and reopen on Monday 9th January 2023 at 8:30am.

Happy Christmas to our valued clients. We wish you health, happiness, and new beginnings for the year ahead.

07/12/2022

On Monday, 5th December 2022, BSA Partnership participated in The Kooyong Foundation’s Corporate Pro-Am tournament.

Despite the weather not co-operating, the team battled it out across 6 different rounds on Kooyong’s hallowed grass courts.

Resilient in defeat, the level of tennis was such that we may need to sharpen up our skills if we intend to participate again!

Our team comprised of:
- Dylan Neilsen
- Mark Brownell
- Ross Duncan
- Toby Maddocks
- Leanne Scott
- Kooyong Foundation Scholarship holder (Matthew)
- Nicole Bradtke

The Kooyong Foundation exists to provide positive, practical support for talented young tennis players and prepare them to become the leaders of tomorrow.

BSA Partnership are pleased to be able to support the Foundation and despite being a little sore, thoroughly enjoyed the day.

More details about the Kooyong Foundation and how you can become inolved can be found at https://www.kooyong.com.au/kooyong-foundation

24/11/2022

Leading up to the holiday period, is your business cash flow in good health to carry you through? This time of year can be hard on small business. Make a plan early to ensure healthy cashflow over the holidays.

22/11/2022

New laws mean company directors need to get a unique director ID number from ABRS using your myGovID credentials. New directors must get your ID before accepting an appointment. Talk to us if you have any questions about the new registration requirement.

18/11/2022

Planning a Christmas party? Giving gifts to clients and suppliers? Paying a Christmas bonus? Talk to us to see if you can claim all or part of the cost as business expenses. Don’t get caught out by tricky entertainment rules!