Business

We have a re-elected Labour Government & this is their housing platform.

Labour’s campaign in 2025 placed a heavy emphasis on housing affordability, tenant rights, and social infrastructure. Among the key housing-related policy promises were: Increased investment in social and affordable housing, with a target of building 250,000 new dwellings over the next five years. A review of negative gearing and capital gains tax concessions, aimed at …

We have a re-elected Labour Government & this is their housing platform. Read More »

How Rework Reduces Your Profit – And What to Do About It

Business / By hensonlloyd

Mistakes on the job can be costly—and not just in terms of time. Rework directly impacts your bottom line. You’re paying for extra labour to fix errors that could have been avoided. That same time and effort could be going into new work, generating additional revenue and increasing your profit. On top of that, replacing …

How Rework Reduces Your Profit – And What to Do About It Read More »

Important Updates for Small Business Owners

Business, Tax / By hensonlloyd

From 1 April 2025, the Australian Taxation Office (ATO) is introducing a significant change that may affect your business. Certain small businesses that currently lodge their Business Activity Statement (BAS) quarterly will be required to transition to monthly GST reporting. What’s Changing? If your business is selected, you will need to report and pay GST …

Important Updates for Small Business Owners Read More »

The Key to Success in Business is Embracing Change

Business / By hensonlloyd

“ Doing nothing and expecting a better result is insanity” I had an interesting conversation the other day with a business owner (not a client of ours, mind you) who’s been in the game for many years. He was a seasoned professional, but I have to say—he was also one of the grumpiest blokes I’ve …

The Key to Success in Business is Embracing Change Read More »

How a SWOT Analysis can help your business!

Business / By hensonlloyd

In today’s competitive business landscape, understanding your organisation’s position is crucial for strategic planning and growth. One effective tool for this is the SWOT analysis. By examining your business’s Strengths, Weaknesses, Opportunities, and Threats, you can create a comprehensive overview that guides decision-making and strategy development. Here’s how a SWOT analysis can benefit your business: Identifying …

How a SWOT Analysis can help your business! Read More »

Ensuring Compliance with Supplier Payment Obligations

Business, Tax / By hensonlloyd

Over the past six weeks, we have encountered two separate incidents where clients have received supplier invoices that may not comply with current tax regulations. One example of such an invoice included wording similar to this: “This organisation is a humanitarian, not-for-profit, tax-exempt, non-government organisation, and as such is not required to quote or hold …

Ensuring Compliance with Supplier Payment Obligations Read More »

Surge in Director Penalty Notices: What You Need to Know

Business, Tax / By hensonlloyd

The Australian Taxation Office (ATO) is significantly ramping up its efforts to enforce tax compliance. At Henson Lloyd Accountants, we’ve noticed a sharp rise in the ATO’s requests for Superannuation Guarantee Charge (SGC) statements, the denial of remission requests, and an increasingly strict approach to chasing unpaid debts. This crackdown is particularly focused on company …

Surge in Director Penalty Notices: What You Need to Know Read More »

Achieving Business Success with SMART Goals

Business, Financial Planning / By hensonlloyd

In today’s competitive business environment, setting clear and effective goals is crucial for success. The SMART framework is a powerful tool that helps businesses create goals that are Specific, Measurable, Achievable, Relevant, and Time-bound. Here’s how you can apply SMART goals to drive your business forward. Specific A specific goal clearly defines what you want …

Achieving Business Success with SMART Goals Read More »

Claiming deductions in relation to a holiday home

Business, Financial Planning, Tax / By hensonlloyd

Taxpayers should remember that they can only claim deductions for holiday home expenses to the extent they are incurred for the purpose of gaining or producing rental income. They need to consider the following in determining whether the deductions they wish to claim are valid rental deductions: How many days during the income year did …

Claiming deductions in relation to a holiday home Read More »

Sale of land subject to GST

Business, Tax / By hensonlloyd

The AAT (Administrative Appeals Tribunal) recently held that the sale of land by a taxpayer was subject to GST, as it was a supply made in the course of an enterprise being carried on by the taxpayer. The taxpayer purchased a single parcel of land in 2013 for $1.6 million, and he subsequently took steps …

Sale of land subject to GST Read More »

We have a re-elected Labour Government & this is their housing platform.

How Rework Reduces Your Profit – And What to Do About It

Important Updates for Small Business Owners

The Key to Success in Business is Embracing Change

How a SWOT Analysis can help your business!

Ensuring Compliance with Supplier Payment Obligations

Surge in Director Penalty Notices: What You Need to Know

Achieving Business Success with SMART Goals

Claiming deductions in relation to a holiday home

Sale of land subject to GST

Adelaide

Port Lincoln

About Us

Tax & Super

Business Services

Bookkeeping

Follow Us