Our Insights

Stephanie Penn, Marketing and Client Relationship Manager   There is a confidence that comes from knowing how a business really works. Not just on paper, but in the day-to-day pressure of deadlines, people, competing priorities and decisions that carry weight long after the meeting ends. That understanding is at the heart of Stephanie Penn’s role at […]

As of the 1st of July 2026, employers will be required to pay their employees’ super (12% of Qualifying Earnings (QE)) at the same time as their salary and wages. ‘Payday Super’ will move payment of super from the quarterly cycle that businesses are used to, and switch it to a process where employees’ super […]

In many family-owned enterprises, especially those across regional and rural Australia, the corporate structure is often taken for granted: multiple business units, long-standing trust arrangements, varied ownership of agricultural holdings, capital equipment, related party loans and shares. But when a major life event or change occurs, such as the death or incapacity of a family member, marital or family related breakdowns, that patchwork […]

Why LCT still matters to regional businesses   Australia’s Luxury Car Tax (LCT) can add thousands to the price of common passenger cars. If you’re a primary producer registered for GST, you may be entitled to a refund of up to $10,000 on one eligible vehicle per financial year, yet many agribusinesses still don’t claim it. […]

Current Super Landscape: Quarterly SG, SGC Consequences, and Compliance Reality   Under today’s rules, most employers remit Superannuation Guarantee (SG) quarterly, with monthly cycles common in larger organisations. Missed or late SG triggers the Superannuation Guarantee Charge (SGC), which replaces deductibility with a statutory charge that includes components like interest; penalties and interest are not deductible. […]

When it comes to accounting services, many practices focus exclusively on tax returns and compliance. These services are necessary, of course, but for mid-size, multi-generational family businesses, they often fall short of addressing the complexities and aspirations unique to these enterprises. Family businesses need more than just financial record-keeping and compliance; they require a partner […]

Overview of the Proposed Division 296 Tax  The Australian Government has proposed a new tax measure, known as Division 296, targeting individuals with total superannuation balances exceeding $3 million. Set to commence on 1 July 2025, this measure introduces an additional 15% tax on earnings corresponding to the portion of the balance above the $3 […]

Niribi Farms is a 5,400-hectare mixed farming operation based in Buntine, Western Australia, around 300 kilometres north of Perth. Owned and managed by Mike and Narelle Dodd, the farm has been in the family for multiple generations and continues to grow under the active involvement of their son, Ryan.   It’s a story of succession done […]

For business owners and professionals considering a Self-Managed Super Fund (SMSF), it’s essential to understand the opportunities and responsibilities that come with managing your own retirement savings.  Thorntons, a Western Australia-based accounting and advisory firm, has a reputation for providing expert guidance to businesses, professionals, and high-net-worth individuals navigating the complexities of SMSFs. Their dedicated […]

Nooganginnie Agventure is a family-owned wheat farming operation based in Mullewa, Western Australia. Founded by Carlie Rowe and her husband Gerard, the business was formed after they made the bold decision to step away from a multi-generational family farm and take on the challenge of running their own independent operation.  With 9,000 hectares dedicated to […]