A boutique accounting firm in Perth’s north has been announced as a state winner for a prestigious accounting award, with the use of innovative process bots helping them claim the gong. Ultimate Tax & Advisory been awarded the WA Practice of the Year in the 2026 Institute of Public Accountants (IPA) Member Awards. As one of three major
Ultimate Tax wins state award Read More »
There are some changes to Australian law that will affect how accounting practices work with their clients from 1 July 2026. The government is extending anti-money laundering counter-terrorism (AML/CTF or AML) rules to cover accountants – the same type of identity checks your bank already does when you open an account. This applies to every
Anti-Money Laundering and Counter-Terrorism Financing Laws Read More »
The Federal Budget was released on Tuesday night and we’ve summed up all the important topics for you! We think the below highlights will have the biggest impact for our clients. There are a lot of new measures announced in this budget and we appreciate your patience as we learn the finer details of how
How the Federal Budget 2026/27 impacts you Read More »
With April marking the start of the Fringe Benefits Tax (FBT) year, we dive into why log books are so important, and how to keep a good one! What is Fringe Benefits Tax? A fringe benefit is like a payment to an employee, but in a different form to salary or wages. Fringe benefits tax
Why log books are so important Read More »
Payday Super is coming from 1 July, and employers need to act now to understand their obligations and get on top of cashflow. The biggest change to Australia’s super system in decades starts in just months. Here’s 9 actions you need to take to prepare for super changes for your employees and eligible contractors. Prepare
Everything you need to know about Payday Super Read More »
When it comes to paying your contractors, should they be treated differently? This topic can be confusing so we look at the differences between employees and contractors to make sure you’re on top of your employer obligations. Here are some common myths about contractors • if a worker has an ABN or business name they
Busting myths about employees vs contractors Read More »
Have you thought about outsourcing admin or other virtual work overseas? We highlight the different methods for sourcing workers, whether this is considered an employee or contractor relationship and the risks employers need to be aware of. Outsourcing is seen as an attractive option for many businesses who may have high labour costs. Labour can
Outsourcing VA’s and the implications Read More »
With many people starting to slow down for the year and preparing to enter holiday mode, there are a few simple things you can do now to start 2026 off on the right note. While your competitors take their foot off the accelerator, you can hit the new year raring to go with some planning
Start 2026 feeling stress-free and confident in your business Read More »
Have you ever wondered just how serious it is not to pay the ATO a debt you owe? We break down what might happen if you don’t pay, and how to avoid racking up even more debt. Not paying the Australian Tax Office (ATO) IS a big deal, and recent changes mean that more people
What happens when you don’t pay ATO debt Read More »
With many businesses gearing up for their busiest period of the year, employing new staff is top of mind. We give business owners some practical tips for hiring new employees. New employees are a big decision Ultimate Tax and Advisory Managing Director Bobby Serval said taking on new staff was a big step, no matter
Tips for hiring new employees Read More »
