Our Insights

May 15, 2023

If you are lodging your own fringe benefits tax (FBT) return you need to lodge and pay by the 21st of May. If we are lodging on your behalf, your due date is not until the 25th of June. If you have been paying FBT instalments on your quarterly BAS, we still need to complete […]

May 12, 2023

The Federal Treasurer Jim Chalmers handed down the 2023 Federal Budget on 9 May 2023. The following is a list of highlights from a tax and superannuation perspective. Businesses The instant asset write-off threshold for small businesses applying the simplified depreciation rules will be $20,000 for the 2023-24 income year. An additional 20% deduction will […]

May 9, 2023

The ATO has announced the commencement of a data-matching program for property investors to acquire residential investment property loan data from authorised financial institutions. Sample audits conducted under the ATO random enquiry program indicate a net tax gap of $9 billion for the 2019–20 income year attributable to incorrect reporting of rental property income and […]

April 12, 2023

In July 2023, the superannuation guarantee statutory rate will rise to 11%. Annually, the rate is increasing by 0.5% until July 2025 when it will reach the legislated 12%. Prepare Now for the July Rate Rise Review your current superannuation costs for all employees, both hourly and salaried. Review any salary packaging arrangements. Is the […]

April 10, 2023

Prepare now for your quarterly superannuation guarantee (SG) contribution lodgement and payment. Here’s what you need to review: Have you allocated all payroll related bank transactions to the correct accounts? Have you checked for errors such as duplicate pay runs? Have you checked that all payroll categories used this quarter have had super correctly applied […]

March 22, 2023

Single Touch Payroll (STP) is a government initiative that requires employers to report their employees’ tax and superannuation information to the Australian Taxation Office each time they run their payroll. Instead of reporting this information at the end of the financial year, employers now need to submit this information to the ATO after each pay […]

March 20, 2023

If your trust pays adult-child beneficiaries, then you’ll need to know how the new ATO tax guidance rules could alter your beneficiary arrangements. The changes won’t affect every small business operating through a trust arrangement, but it’s important to check that existing provisions meet the new requirements. The ATO is interested in agreements where parents […]

February 7, 2023

Originally announced in the 2018–19 Federal Budget, and now set out in draft legislation, are newly introduced accountability measures for ABN holders. Once in effect, this will mean you will have to: lodge outstanding income tax returns, and confirm the accuracy of your entity’s details on the Australian Business Registrar annually. Currently, there are no […]

February 1, 2023

Welcome back to work after what was hopefully a restful and lovely summer break! And welcome to 2023, where we are truly looking forward to working with you and your business this year. In order for you to be across your tax obligations as you get back into the swing of things, below are the […]

January 16, 2023

Does your business make sales in Australia? You may need to register for Australian goods and services tax. Like many countries, Australia charges a goods and services tax (GST) on most products and services sold within Australia. Australian GST is a tax of 10% added to the price of goods and services. Any business that […]

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You are just Simply the Best!!!!! We would never have got through all of this, without your brilliance, expertise and compassion! You are greatly appreciated!
DA Lynch & TD Lynch & the Westocutty Trust
Our farming business has been connected with Thorntons since their business commenced in Cunderdin. From Bill Thornton to his son Mark and now Bill Mattingly, we have found them to be a very professional, knowledgeable and friendly Business Advisory team. They cover all areas of our business needs, from accounting services, tax planning to farm business succession; they are an integral and very important part of our business. I would have no hesitation in recommending Thorntons to any farming business
David Beard, Beard Nominees Pty Ltd, Cunderdin WA
Troy came highly recommended when we were looking around for an accountant who wanted to be a ‘partner’ in our business rather than just a compliance service provider.  We also needed assistance navigating farm succession.  Troy has been a pleasure to deal with and any team member we have worked with throughout Thorntons has been exceptional – upbeat, knowledgeable and responsive.  Troy is accessible, takes a genuine interest in his clients and is only too happy to get out on farm.  He is intuitive, patient, and able to quickly get to the core of what humans need during challenging conversations - keeping things moving forward. Troy’s integrity and experience in negotiating succession is evident from introduction and we have really appreciated the next level of organisation Thorntons bring!  Wish we had changed sooner!
Jason & Renaye Stokes, CJ Stokes and Son, Chapman Valley
We have been with Thorntons since 2004. They have uncompromisingly provided our farm with advice above and beyond accounting services. The way they provide us with advice makes us know they care about our success.  They update us with the latest legislative changes that may benefit our operations and communicate it to us in our lingo.  We find we can call Thorntons anytime and all of the staff are able to help. Troy Anderson has been the expert behind our succession planning with fairness and authority he has facilitated our move forward and assisted us to be our best. Trusting Thorntons with our business gives us more time to focus on operations knowing they are always giving us the best advice.
Paul & Jocelyn Seymour, DJ Seymour & Co, Miling WA
Troy has been our accountant for five years and we always find him to be very professional, friendly and of high integrity.  He responds promptly to any queries we have and gives sound advice.  We would highly recommend Troy to anyone looking for an excellent accountant.
Juliet Vilé, Fencespot, Wangara WA
We recently made some changes in our life, moving from broad acre farming in the Wheat Belt to owning an Irrigation business in the South West.  In doing so, we researched for a new accountant who understood broad acre farming, small business as well as assisting us with sound financial advice for our future.  Thornton’s were recommended to us by several friends.  We are really happy with how accessible the team are at Thornton’s, their level of knowledge and continuous communication.
Tom & Felicity Pollard, Thinkwater, Dunsborough WA
Thorntons is one of the best accounting firms I have dealt with.  We always receive honest and professional advice especially from Troy and his team. I would strongly recommend this company without hesitation.
Gavin Vilé, Fencespot, Wangara WA
We have been with Thorntons for over 30 years. Troy Anderson our accountant for the last 15 years has always had our back. Troy has not only helped us with day to day accounting but careful tax planning and a delicate succession plan has been achieved with success. I am very happy with the service we receive and consider Troy as one of my true friends.
Doug Ellis, PJ Ellis & Co, Kulin WA
Perth Anaesthetic Group has worked with Thorntons Accountants and Business Advisors since 1987. I have personally worked alongside Abha and the team for the last 8 years, within this time I have found their services and professionalism to be exceptional. Company financials are always completed as per the scheduled date and professionally presented. In recent times with Covid, being a small business we have needed help with Jobkeeper and eligibility for Stimulus packages, I have found Abha and the team have gone above and beyond to help and guide us to ensure we have the most up to date information to determine eligibility. I am reassured having Thorntons as our Accountants/Business Advisers and look forward to continuing working with Abha and the team.
Jane McGrath – Practice Manager – Perth Anaesthetic Group
We have numerous mutual farming clients with Thorntons and find them to be exceptional accountants and advisers. They know their ‘stuff’, communicate exceptionally well, deliver on time and work hard to provide solutions for clients that take into account not just the best short term outcomes but those that better position the business for the future.
Cameron Weeks, Planfarm Director
I work collaboratively with Troy, Marie and their team in the areas of estate planning, farm succession planning and related party property transactions. Troy and Marie's attention to detail and professionalism are of the highest standard and they work hard to attain practical and viable business solutions for their clients. They are both clear communicators, accessible and a pleasure to work with.
Julie Murray, Solicitor, Yarramundi Law
Our company has found Marie and the team at Thorntons to be extremely helpful in their approach to our business. They are always ready with a reply to our emails or phone calls. Nothing is too much trouble for Marie and the team, they go above and beyond to help us with our taxation. I would recommend them anytime.
Splitrock Farming Co., Kerry Robinson
Our business relationship with Thornton's goes back many years, in fact we may well be their longest running client, having been with them for over 40 years. We have come along way from humble beginnings as a bricklaying contractor to where we are today as an established leader in the field of commercial heritage restoration and sustainable building design in multi-unit residential developments, however, the level of respect, service and courtesy has admirably remained unwavering over that time. Thornton's have constantly provided service of the very highest level, are responsive to our needs and are progressive in their offerings without ever being pushy. Importantly, the people we need to speak to are always available when we need assistance or advice on a range of matters and deliver when they say will. They are one of our most trusted partners in business. Importantly, the relationship while professional, is always conducted in a friendly and open manner. We would recommend Thornton's in the highest possible terms to any potential clients.
Daniel Colgan – Director – Colgan Industries Pty Ltd