NEWS

Accounting
Revised stage 3 tax cuts confirmed for 1 July

The revised stage 3 tax cuts have passed Parliament and will come into effect on 1 July 2024.   Before the new tax rates come …

Read More
Accounting
Getting back what you put in: Loans to get a business started

It’s not uncommon for business owners to pour their money …

Read More
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save-up-gae6e42867_1280
Accounting

How to take advantage of the 1 July super cap increase

From 1 July 2024, the amount you can contribute to super will increase. We show you how to take advantage of the change.   The …

savings-2789137_1280
Accounting

The ATO Debt Dilemma

Late last year, thousands of taxpayers and their agents were advised by the Australian Taxation Office (ATO) that they had an outstanding historical tax debt. …

ernest-ojeh-aEytUoE1Tkc-unsplash
Accounting

The Fringe Benefits Tax traps

The Fringe Benefits Tax year (FBT) ends on 31 March. We explore the problem areas likely to attract the ATO’s attention.   Electric vehicles causing …

joel-muniz-qvzjG2pF4bE-unsplash
Accounting

Non-charitable not-for-profits self-review return guide

As part of the 2021-22 federal budget, the Australian Government announced reforms to the administration of not-for-profit (NFP) entities that self-assess as income tax exempt. …

stage 3
Accounting

The Redesigned Stage 3 Personal Income Tax Cuts

The personal income tax cuts legislated to commence on 1 July 2024 will be realigned and redistributed under a proposal released by the Federal Government. …

kids soccer 2
Accounting

New regulations for Incorporated Associations

New regulations for incorporated associations in Victoria came into effect on 18 November 2023. These new regulations include updates to the model rules which some …

university-105709_1280
Accounting

Self-education: What can you claim?

The Australian Taxation Office have released a new draft ruling on self-education expenses. We revisit the deductibility of self-education expenses and what you can and …

investment-3247252_1280
Accounting

30% tax on super earnings above $3m

Treasury has released draft legislation to enact the Government’s plan to increase the tax rate on earnings on superannuation balances above $3m from 15% to …

holiday home
Accounting

The ‘Airbnb’ Tax

Property investors that choose to utilise their property for short-term stays (or leave it vacant) are firmly in the sights of the regulators.   The …

lightbulb-3104355_1280
Accounting

$20k deduction for ‘electrifying’ your business

Electricity is the new black. Gas and other fossil fuels are out. A new, limited incentive nudges business towards energy efficiency. We show you how …

volunteer 1
Accounting

Not-for-profits – enhancing the transparency of income tax exemptions

The ATO has published details of reforms to the administration of not-for-profit (NFP) entities that self-assess as income tax exempt. Information from the ATO website …

Mick - profile
Announcements

CountPro Team Profile – Michael Hutton

Join us as we catch up with Auditor, and sports enthusiast, Michael Hutton…   When did you join the team at CountPro? I started on …

A7302296_LRES
Announcements

Business Awards Success

The CountPro team was thrilled to take out two awards at the recently held 2023 Federation University Commerce Ballarat Business Excellence Awards. In their 35th …

0823 KSM Subdivision
Accounting

Thinking of subdividing? The tax implications and pitfalls of small-scale subdivisions

You’ve got a block of land that’s perfect for a subdivision. The details have all been worked out with Council, the builders, and the bank. …

bakery-1868925_1280
Accounting

Succession: What does it take to hand your business to the next generation?

What is the end game for your business? Succession is not just a topic for a TV series or billionaire families, it’s about successfully transitioning …

0823 Tax refund
Accounting

Why is my tax refund so small?

The tax refund many Australians expect has dramatically reduced. We show you why.   There is a psychology to tax refunds that successive Governments have …

Careers
Announcements

CountPro TV stars!

Our team will be on Win TV as part of the 2023 Federation University Commerce Ballarat Business Excellence Awards!

Kiri
Announcements

CountPro Team Profile – Kiri Fry

Last week we caught up with Administration Manager, Kiri fry, to ask the tough questions…   When did you join the team at CountPro? Back …

scott-graham-5fNmWej4tAA-unsplash (1)
Accounting

What changed on 1 July 2023

A summary of the important changes that came into effect on 1 July 2023.   Employers & business Superannuation guarantee increases to 11% from 10.5% …

Picture1
Accounting

The 120% technology and skills ‘boost’ deduction

The 120% skills and training, and technology costs deduction for small and medium business have passed Parliament. We’ll show you how to take maximise your …

Business Awards Finalists
Announcements

2023 Federation University Commerce Ballarat Business Excellence Awards

The team at CountPro are excited and proud to have been selected as finalists in the following categories of the 2023 Federation University Commerce Ballarat …

save-up-gae6e42867_1280
Accounting

Increase to the super guarantee rate

Although not announced as part of this year’s Federal Budget, it’s important for employers to note that the superannuation guarantee (SG) rate will increase from …

rental blitz
Investment

ATO Rental Property Blitz

The Australian Taxation Office (ATO) has launched a full-on assault on rental property owners who incorrectly report income and expenses.   The ATO’s assessment, based …

bill-mead-wmaP3Tl80ww-unsplash
Announcements

$20k Small Business Energy Incentive

In a pre-Budget announcement, the Government committed to a Small Business Energy Incentive Scheme that offers a bonus tax deduction of up to $20,000.   …

Budget 23-24
Budget

Budget 2023-2024 round up

The ‘ace in the hole’ of the 2023-24 Federal Budget was the $4.2bn surplus; the first in 15 years. The surplus was driven by a …

towfiqu-barbhuiya-jpqyfK7GB4w-unsplash
Accounting

Budget 2023-24

The 2023-24 Federal Budget will be released on Tuesday, 9 May 2023. Look out for our update the next day on the important issues to …

scott-graham-5fNmWej4tAA-unsplash
Accounting

Selling a business? The pros and cons of earn-out clauses

Earn-out clauses for the sale of a business are increasingly common. We look at the positives and negatives that every business owner should consider.   …

car-g6c05d3932_1280
Accounting

How Does Tax Apply to Electric Cars?

Just in time for the Fringe Benefits Tax (FBT) year that started on 1 April, the Australian Taxation Office (ATO) has released new details on …

hacker-ge93f8c019_1280
Announcements

Introducing Multi-Factor Authentication

The CountPro team take cyber-security very seriously are excited to announce the introduction of Multi-Factor Authentication (MFA) as an enhancement to our existing document security …

towfiqu-barbhuiya-joqWSI9u_XM-unsplash
Superannuation

1 July 2023 Super Balance Increase but no Change for Contributions

The general transfer balance cap (TBC) – the amount of money you can potentially hold in a tax-free retirement account, will increase by $200,000 on …

wouter-yvEkwjSBZIY-unsplash
Announcements

ATO announces changes to working from home deductions

The Australian Taxation Office (ATO) has refreshed the way that taxpayers claim deductions for costs incurred when working from home. The changes better reflect contemporary …

tierra-mallorca-NpTbVOkkom8-unsplash
Finance

Is “downsizing” worth it?

From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to superannuation. Downsizer contributions are an excellent way to get money into …

FB_IMG_1669104672446
Announcements

CountPro team profile – Daryl Tauschke

This week we catch up with Ballarat born and bred, Senior Accountant, Daryl Tauschke for a quick chat.   When did you join CountPro? I …

interest rates
Budget

How high will interest rates go? Part 2

Low interest rates have been a mainstay since the global financial crisis of 2008. When the pandemic hit, Governments pushed stimulus measures through the economy …

digital fingerprint
Accounting

30 November Director ID deadline

The deadline for existing directors of Australian companies to obtain a Director Identification Number is 30 November 2022.   All directors of a company, registered …

Tiarna Waight
Announcements

Superannuation at CountPro

CountPro is pleased to announce that we have employed a well regarded SMSF specialist to head up our self-managed superannuation fund division. Tiarna Waight will …

hack
Announcements

Can you prevent a hack?

In the wake of the Optus data leak, legislation before Parliament will lift the maximum fine for serious or repeated breaches of the Privacy Act …

christmas-bauble-gc3307e479_1920
Announcements

Christmas holidays 2022

The end of 2022 is fast approaching. It’s been a big year for us, with a couple of highlights being the move to our fantastic …

for-sale-gb5522de00_1280
Accounting

How to sell your business

We’re often asked the best way to sell a business.   There are two key components at play in the sale of a business: structuring …

man-gc702d621c_1280
Business

120% deduction for skills training and technology costs

The Government has reinvigorated the 120% skills training and technology costs deduction for small and medium business. An election ago, the 2022-23 Budget proposed a …

markus-spiske-XrIfY_4cK1w-unsplash
Accounting

How high will interest rates go?

The RBA lifted the cash rate to 2.35% on 6 September 2022, marking a 7 year high. The increase comes a few weeks after Reserve …

ernest-ojeh-aEytUoE1Tkc-unsplash
Announcements

FBT-free Electric Cars

New legislation will make zero or low emission vehicles FBT-free. We explore who can access the concession and how   Electric vehicles (EV) represent just …

Ashley-Richardson_head-shot.jpg
Announcements

CountPro Team Profile – Ashley Richardson

We recently caught up with our newly appointed Audit Manager, Ashley Richardson…   When did you join the team at CountPro? I joined CountPro as …

money-gb912a84e1_1920
Accounting

Tax & the family home

Everyone knows you don’t pay tax on your family home when you sell it…right? We take a closer look at the main residence exemption that …

director tax 2
Business

ATO ramps up heat on directors

Throughout March, the ATO sent letters to directors who are potentially in breach of their obligations to ensure that the company they represent has met …

01072022 changes
Accounting

What’s changing on 1 July 2022?

A series of reforms and changes will commence on 1 July 2022. Here’s what is coming up:   For business   Superannuation guarantee increase to …

BDO 2022 - Local Commerce Ad (2)
Business

Ballarat Business Day Out

CountPro are once again very proud to be sponsoring the Commerce Ballarat Business Day Out, which is to be held on Wednesday May 25 at …

FBT
Accounting

Fringe Benefits Tax 2022

The Fringe Benefits Tax (FBT) year ended on 31 March and for those providing benefits to employees it is now time to prepare the FBT …

exterior
Announcements

Our new office!

And we’re in! We are now operating from our new office at 180 Eleanor Drive, Lucas. We’re so lucky to have such a modern and …

  • All
  • Accounting
  • Announcements
  • Budget
  • Business
  • Business Investment
  • Finance
  • Home Loans
  • Investment
  • Security
  • Share Broking
  • Small Business
  • Superannuation
  • Taxation
  • Uncategorised
All
  • All
  • Accounting
  • Announcements
  • Budget
  • Business
  • Business Investment
  • Finance
  • Home Loans
  • Investment
  • Security
  • Share Broking
  • Small Business
  • Superannuation
  • Taxation
  • Uncategorised
money-6010251_1280
Accounting

Revised stage 3 tax cuts confirmed for 1 July

The revised stage 3 tax cuts have passed Parliament and will come into effect on 1 July 2024.   Before the new tax rates come …

joshua-rodriguez-f7zm5TDOi4g-unsplash
Accounting

Getting back what you put in: Loans to get a business started

It’s not uncommon for business owners to pour their money into a business to get it up and running and to sustain it until it …

save-up-gae6e42867_1280
Accounting

How to take advantage of the 1 July super cap increase

From 1 July 2024, the amount you can contribute to super will increase. We show you how to take advantage of the change.   The …

savings-2789137_1280
Accounting

The ATO Debt Dilemma

Late last year, thousands of taxpayers and their agents were advised by the Australian Taxation Office (ATO) that they had an outstanding historical tax debt. …

ernest-ojeh-aEytUoE1Tkc-unsplash
Accounting

The Fringe Benefits Tax traps

The Fringe Benefits Tax year (FBT) ends on 31 March. We explore the problem areas likely to attract the ATO’s attention.   Electric vehicles causing …

joel-muniz-qvzjG2pF4bE-unsplash
Accounting

Non-charitable not-for-profits self-review return guide

As part of the 2021-22 federal budget, the Australian Government announced reforms to the administration of not-for-profit (NFP) entities that self-assess as income tax exempt. …

stage 3
Accounting

The Redesigned Stage 3 Personal Income Tax Cuts

The personal income tax cuts legislated to commence on 1 July 2024 will be realigned and redistributed under a proposal released by the Federal Government. …

kids soccer 2
Accounting

New regulations for Incorporated Associations

New regulations for incorporated associations in Victoria came into effect on 18 November 2023. These new regulations include updates to the model rules which some …

university-105709_1280
Accounting

Self-education: What can you claim?

The Australian Taxation Office have released a new draft ruling on self-education expenses. We revisit the deductibility of self-education expenses and what you can and …

investment-3247252_1280
Accounting

30% tax on super earnings above $3m

Treasury has released draft legislation to enact the Government’s plan to increase the tax rate on earnings on superannuation balances above $3m from 15% to …

holiday home
Accounting

The ‘Airbnb’ Tax

Property investors that choose to utilise their property for short-term stays (or leave it vacant) are firmly in the sights of the regulators.   The …

lightbulb-3104355_1280
Accounting

$20k deduction for ‘electrifying’ your business

Electricity is the new black. Gas and other fossil fuels are out. A new, limited incentive nudges business towards energy efficiency. We show you how …

volunteer 1
Accounting

Not-for-profits – enhancing the transparency of income tax exemptions

The ATO has published details of reforms to the administration of not-for-profit (NFP) entities that self-assess as income tax exempt. Information from the ATO website …

Mick - profile
Announcements

CountPro Team Profile – Michael Hutton

Join us as we catch up with Auditor, and sports enthusiast, Michael Hutton…   When did you join the team at CountPro? I started on …

A7302296_LRES
Announcements

Business Awards Success

The CountPro team was thrilled to take out two awards at the recently held 2023 Federation University Commerce Ballarat Business Excellence Awards. In their 35th …

0823 KSM Subdivision
Accounting

Thinking of subdividing? The tax implications and pitfalls of small-scale subdivisions

You’ve got a block of land that’s perfect for a subdivision. The details have all been worked out with Council, the builders, and the bank. …

bakery-1868925_1280
Accounting

Succession: What does it take to hand your business to the next generation?

What is the end game for your business? Succession is not just a topic for a TV series or billionaire families, it’s about successfully transitioning …

0823 Tax refund
Accounting

Why is my tax refund so small?

The tax refund many Australians expect has dramatically reduced. We show you why.   There is a psychology to tax refunds that successive Governments have …

Careers
Announcements

CountPro TV stars!

Our team will be on Win TV as part of the 2023 Federation University Commerce Ballarat Business Excellence Awards!

Kiri
Announcements

CountPro Team Profile – Kiri Fry

Last week we caught up with Administration Manager, Kiri fry, to ask the tough questions…   When did you join the team at CountPro? Back …

scott-graham-5fNmWej4tAA-unsplash (1)
Accounting

What changed on 1 July 2023

A summary of the important changes that came into effect on 1 July 2023.   Employers & business Superannuation guarantee increases to 11% from 10.5% …

Picture1
Accounting

The 120% technology and skills ‘boost’ deduction

The 120% skills and training, and technology costs deduction for small and medium business have passed Parliament. We’ll show you how to take maximise your …

Business Awards Finalists
Announcements

2023 Federation University Commerce Ballarat Business Excellence Awards

The team at CountPro are excited and proud to have been selected as finalists in the following categories of the 2023 Federation University Commerce Ballarat …

save-up-gae6e42867_1280
Accounting

Increase to the super guarantee rate

Although not announced as part of this year’s Federal Budget, it’s important for employers to note that the superannuation guarantee (SG) rate will increase from …

rental blitz
Investment

ATO Rental Property Blitz

The Australian Taxation Office (ATO) has launched a full-on assault on rental property owners who incorrectly report income and expenses.   The ATO’s assessment, based …

bill-mead-wmaP3Tl80ww-unsplash
Announcements

$20k Small Business Energy Incentive

In a pre-Budget announcement, the Government committed to a Small Business Energy Incentive Scheme that offers a bonus tax deduction of up to $20,000.   …

Budget 23-24
Budget

Budget 2023-2024 round up

The ‘ace in the hole’ of the 2023-24 Federal Budget was the $4.2bn surplus; the first in 15 years. The surplus was driven by a …

towfiqu-barbhuiya-jpqyfK7GB4w-unsplash
Accounting

Budget 2023-24

The 2023-24 Federal Budget will be released on Tuesday, 9 May 2023. Look out for our update the next day on the important issues to …

scott-graham-5fNmWej4tAA-unsplash
Accounting

Selling a business? The pros and cons of earn-out clauses

Earn-out clauses for the sale of a business are increasingly common. We look at the positives and negatives that every business owner should consider.   …

car-g6c05d3932_1280
Accounting

How Does Tax Apply to Electric Cars?

Just in time for the Fringe Benefits Tax (FBT) year that started on 1 April, the Australian Taxation Office (ATO) has released new details on …

hacker-ge93f8c019_1280
Announcements

Introducing Multi-Factor Authentication

The CountPro team take cyber-security very seriously are excited to announce the introduction of Multi-Factor Authentication (MFA) as an enhancement to our existing document security …

towfiqu-barbhuiya-joqWSI9u_XM-unsplash
Superannuation

1 July 2023 Super Balance Increase but no Change for Contributions

The general transfer balance cap (TBC) – the amount of money you can potentially hold in a tax-free retirement account, will increase by $200,000 on …

wouter-yvEkwjSBZIY-unsplash
Announcements

ATO announces changes to working from home deductions

The Australian Taxation Office (ATO) has refreshed the way that taxpayers claim deductions for costs incurred when working from home. The changes better reflect contemporary …

tierra-mallorca-NpTbVOkkom8-unsplash
Finance

Is “downsizing” worth it?

From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to superannuation. Downsizer contributions are an excellent way to get money into …

FB_IMG_1669104672446
Announcements

CountPro team profile – Daryl Tauschke

This week we catch up with Ballarat born and bred, Senior Accountant, Daryl Tauschke for a quick chat.   When did you join CountPro? I …

interest rates
Budget

How high will interest rates go? Part 2

Low interest rates have been a mainstay since the global financial crisis of 2008. When the pandemic hit, Governments pushed stimulus measures through the economy …

digital fingerprint
Accounting

30 November Director ID deadline

The deadline for existing directors of Australian companies to obtain a Director Identification Number is 30 November 2022.   All directors of a company, registered …

Tiarna Waight
Announcements

Superannuation at CountPro

CountPro is pleased to announce that we have employed a well regarded SMSF specialist to head up our self-managed superannuation fund division. Tiarna Waight will …

hack
Announcements

Can you prevent a hack?

In the wake of the Optus data leak, legislation before Parliament will lift the maximum fine for serious or repeated breaches of the Privacy Act …

christmas-bauble-gc3307e479_1920
Announcements

Christmas holidays 2022

The end of 2022 is fast approaching. It’s been a big year for us, with a couple of highlights being the move to our fantastic …

for-sale-gb5522de00_1280
Accounting

How to sell your business

We’re often asked the best way to sell a business.   There are two key components at play in the sale of a business: structuring …

man-gc702d621c_1280
Business

120% deduction for skills training and technology costs

The Government has reinvigorated the 120% skills training and technology costs deduction for small and medium business. An election ago, the 2022-23 Budget proposed a …

markus-spiske-XrIfY_4cK1w-unsplash
Accounting

How high will interest rates go?

The RBA lifted the cash rate to 2.35% on 6 September 2022, marking a 7 year high. The increase comes a few weeks after Reserve …

ernest-ojeh-aEytUoE1Tkc-unsplash
Announcements

FBT-free Electric Cars

New legislation will make zero or low emission vehicles FBT-free. We explore who can access the concession and how   Electric vehicles (EV) represent just …

Ashley-Richardson_head-shot.jpg
Announcements

CountPro Team Profile – Ashley Richardson

We recently caught up with our newly appointed Audit Manager, Ashley Richardson…   When did you join the team at CountPro? I joined CountPro as …

money-gb912a84e1_1920
Accounting

Tax & the family home

Everyone knows you don’t pay tax on your family home when you sell it…right? We take a closer look at the main residence exemption that …

director tax 2
Business

ATO ramps up heat on directors

Throughout March, the ATO sent letters to directors who are potentially in breach of their obligations to ensure that the company they represent has met …

01072022 changes
Accounting

What’s changing on 1 July 2022?

A series of reforms and changes will commence on 1 July 2022. Here’s what is coming up:   For business   Superannuation guarantee increase to …

BDO 2022 - Local Commerce Ad (2)
Business

Ballarat Business Day Out

CountPro are once again very proud to be sponsoring the Commerce Ballarat Business Day Out, which is to be held on Wednesday May 25 at …

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