Davidsons Accountants and Business Consultants

Davidsons Accountants and Business Consultants Established in 1905, we are Geelong and Torquay's leading accounting and business advisory firm.

Davidsons is Geelongโ€™s leading accounting firm with offices in Newtown and Torquay. We employ over 50 people and act for many leading local, state and national businesses.

๐—™๐—ถ๐—ป๐—ฎ๐—น ๐—ฟ๐—ฒ๐—บ๐—ถ๐—ป๐—ฑ๐—ฒ๐—ฟ ๐—ณ๐—ผ๐—ฟ ๐—ฆ๐—•๐—ฆ๐—–๐—› ๐˜‚๐˜€๐—ฒ๐—ฟ๐˜€.If you have used the ATO Small Business Super Clearing House, make sure you download and ...
25/06/2026

๐—™๐—ถ๐—ป๐—ฎ๐—น ๐—ฟ๐—ฒ๐—บ๐—ถ๐—ป๐—ฑ๐—ฒ๐—ฟ ๐—ณ๐—ผ๐—ฟ ๐—ฆ๐—•๐—ฆ๐—–๐—› ๐˜‚๐˜€๐—ฒ๐—ฟ๐˜€.
If you have used the ATO Small Business Super Clearing House, make sure you download and save all reports before 30 June 2026.

After this date, SBSCH access will no longer be available. That means no ability to retrieve:
- Contribution payment history
- Employee and fund reports
- Evidence of super payments for audit or dispute purposes

These records may still be required for compliance, reconciliations and future reviews.

If you are unsure what to download or how to retain the records properly, we can assist. Just call us on 03 5221 6399

๐—™๐—ฟ๐—ผ๐—บ ๐Ÿญ ๐—๐˜‚๐—น๐˜† ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฒ, ๐—ป๐—ฒ๐˜„ ๐—ฎ๐—ป๐˜๐—ถโ€‘๐—บ๐—ผ๐—ป๐—ฒ๐˜† ๐—น๐—ฎ๐˜‚๐—ป๐—ฑ๐—ฒ๐—ฟ๐—ถ๐—ป๐—ด ๐—ฎ๐—ป๐—ฑ ๐—ฐ๐—ผ๐˜‚๐—ป๐˜๐—ฒ๐—ฟ-๐˜๐—ฒ๐—ฟ๐—ฟ๐—ผ๐—ฟ๐—ถ๐˜€๐—บ ๐—ณ๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ป๐—ด ๐—น๐—ฎ๐˜„๐˜€ ๐˜„๐—ถ๐—น๐—น ๐—ฎ๐—ฝ๐—ฝ๐—น๐˜† ๐˜๐—ผ ๐—ฎ๐—ฐ๐—ฐ๐—ผ๐˜‚๐—ป๐˜๐—ถ๐—ป๐—ด ๐—ณ๐—ถ๐—ฟ๐—บ๐˜€ ๐—ฎ๐—ฐ๐—ฟ๐—ผ๐˜€๐˜€ ๐—”...
23/06/2026

๐—™๐—ฟ๐—ผ๐—บ ๐Ÿญ ๐—๐˜‚๐—น๐˜† ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฒ, ๐—ป๐—ฒ๐˜„ ๐—ฎ๐—ป๐˜๐—ถโ€‘๐—บ๐—ผ๐—ป๐—ฒ๐˜† ๐—น๐—ฎ๐˜‚๐—ป๐—ฑ๐—ฒ๐—ฟ๐—ถ๐—ป๐—ด ๐—ฎ๐—ป๐—ฑ ๐—ฐ๐—ผ๐˜‚๐—ป๐˜๐—ฒ๐—ฟ-๐˜๐—ฒ๐—ฟ๐—ฟ๐—ผ๐—ฟ๐—ถ๐˜€๐—บ ๐—ณ๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ป๐—ด ๐—น๐—ฎ๐˜„๐˜€ ๐˜„๐—ถ๐—น๐—น ๐—ฎ๐—ฝ๐—ฝ๐—น๐˜† ๐˜๐—ผ ๐—ฎ๐—ฐ๐—ฐ๐—ผ๐˜‚๐—ป๐˜๐—ถ๐—ป๐—ด ๐—ณ๐—ถ๐—ฟ๐—บ๐˜€ ๐—ฎ๐—ฐ๐—ฟ๐—ผ๐˜€๐˜€ ๐—”๐˜‚๐˜€๐˜๐—ฟ๐—ฎ๐—น๐—ถ๐—ฎ.

๐—ช๐—ต๐—ฎ๐˜ ๐—ฑ๐—ผ๐—ฒ๐˜€ ๐˜๐—ต๐—ถ๐˜€ ๐—บ๐—ฒ๐—ฎ๐—ป ๐—ณ๐—ผ๐—ฟ ๐˜†๐—ผ๐˜‚?
For certain services, weโ€™ll be legally required to complete additional checks before we can proceed. This may include verifying identity, understanding ownership structures, or requesting supporting information. These checks will only apply where the law requires them and are based on the specific services being provided.

๐—ช๐—ต๐˜† ๐˜๐—ต๐—ฒ ๐—ฐ๐—ต๐—ฎ๐—ป๐—ด๐—ฒ?
The government is expanding Australiaโ€™s AML/CTF framework to include professional services such as accounting. The aim is to reduce financial crime and bring Australia into line with international standards.

๐—ช๐—ต๐—ฎ๐˜ ๐˜„๐—ฒโ€™๐—ฟ๐—ฒ ๐—ณ๐—ผ๐—ฐ๐˜‚๐˜€๐—ฒ๐—ฑ ๐—ผ๐—ป
โ€ข Keeping the process as simple and streamlined as possible
โ€ข Only asking for information when required
โ€ข Protecting your data and handling it securely
โ€ข Minimising disruption to your dayโ€‘toโ€‘day dealings with us

Weโ€™re already updating our systems and processes ahead of the 1 July start date, so weโ€™re ready when these changes come into effect.

If we do need extra information from you in the future, weโ€™ll explain whatโ€™s required and why. As always, our priority is supporting you while meeting our legal obligations.

๐—™๐—ถ๐—ป๐—ฎ๐—น ๐—ฝ๐—ฟ๐—ฒ๐—ฝ๐—ฎ๐—ฟ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐˜„๐—ถ๐—ป๐—ฑ๐—ผ๐˜„ ๐—ฏ๐—ฒ๐—ณ๐—ผ๐—ฟ๐—ฒ ๐—ฆ๐˜‚๐—ฝ๐—ฒ๐—ฟ ๐—ฃ๐—ฎ๐˜†๐—ฑ๐—ฎ๐˜†.By now you should have:- Stopped quarterly super processing- Moved fully to...
22/06/2026

๐—™๐—ถ๐—ป๐—ฎ๐—น ๐—ฝ๐—ฟ๐—ฒ๐—ฝ๐—ฎ๐—ฟ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐˜„๐—ถ๐—ป๐—ฑ๐—ผ๐˜„ ๐—ฏ๐—ฒ๐—ณ๐—ผ๐—ฟ๐—ฒ ๐—ฆ๐˜‚๐—ฝ๐—ฒ๐—ฟ ๐—ฃ๐—ฎ๐˜†๐—ฑ๐—ฎ๐˜†.

By now you should have:
- Stopped quarterly super processing
- Moved fully to perโ€‘pay super payments
- Confirmed SBSCH is no longer part of your process
- Tested realโ€‘world payment timing

If any of these are still unresolved, the risk of late super from 1 July is high.

Need help? Just call us on 03 5221 6399

๐ŸŽ“ Big congratulations to Elvina from our Audit team on officially graduating as a Chartered Accountant.Elvina joined Dav...
19/06/2026

๐ŸŽ“ Big congratulations to Elvina from our Audit team on officially graduating as a Chartered Accountant.

Elvina joined Davidsons in 2020 after beginning her audit career in Mauritius, and has since built an impressive career here in Australia - now bringing more than 10 years of audit experience to the team.

And clearly, she likes it here. Her brother has since made the move from Mauritius to Australia too, joining Elvina in our Audit team - so weโ€™ll take that as a pretty glowing internal review.

Completing her CA while working full-time is already a serious achievement. Doing it while relocating countries, continuing to grow her career, and getting married along the way? That deserves an extra round of applause.

Since joining Davidsons, Elvina has become an integral part of our Audit team. She was promoted to Senior Auditor in July 2025 and has developed a strong focus in the not-for-profit sector, where she does what great auditors do best: balances the compliance piece with practical insights that help clients get real value from the process.

Sheโ€™s highly organised, deeply committed, and brings a work ethic that sets the standard. But just as importantly, Elvina helps shape the culture of our team. She supports junior staff, shares her knowledge generously, and is someone people genuinely love working with.

Weโ€™re incredibly proud of you, Elvina. Congratulations on this fantastic milestone and weโ€™re excited to see whatโ€™s next. ๐Ÿ‘

๐——๐—ผ๐—ป'๐˜ ๐—บ๐—ถ๐˜€๐˜€ ๐—ผ๐˜‚๐˜ - ๐—ฆ๐—บ๐—ฎ๐—น๐—น ๐˜€๐—ฎ๐˜ƒ๐—ถ๐—ป๐—ด๐˜€ ๐˜€๐˜๐—ถ๐—น๐—น ๐—ฐ๐—ผ๐˜‚๐—ป๐˜! Rebates are often tricky to qualify for, but this one could easily add a lit...
18/06/2026

๐——๐—ผ๐—ป'๐˜ ๐—บ๐—ถ๐˜€๐˜€ ๐—ผ๐˜‚๐˜ - ๐—ฆ๐—บ๐—ฎ๐—น๐—น ๐˜€๐—ฎ๐˜ƒ๐—ถ๐—ป๐—ด๐˜€ ๐˜€๐˜๐—ถ๐—น๐—น ๐—ฐ๐—ผ๐˜‚๐—ป๐˜! Rebates are often tricky to qualify for, but this one could easily add a little fat to most people's piggy banks ๐Ÿท

The VIC Governmentโ€™s 20% rego rebate is open, with eligible 'personal use light vehicle' owners able to claim up to $186 back per vehicle (up to 2) for registration paid in the 2025โ€“26 financial year.

Applications close 31 July 2026, so itโ€™s worth checking now rather than remembering on 1 August.

Apply through Service Victoria:
https://www.service.vic.gov.au/services/registration-rebate

Small rebates may not change the world, but they do add up. And in a year where everyday costs keep climbing, every legitimate saving is worth following up on.

๐— ๐—ถ๐—ป๐—ถ๐—บ๐˜‚๐—บ ๐˜„๐—ฎ๐—ด๐—ฒ ๐—ถ๐—ป๐—ฐ๐—ฟ๐—ฒ๐—ฎ๐˜€๐—ฒ ๐—ฐ๐—ผ๐—ป๐—ณ๐—ถ๐—ฟ๐—บ๐—ฒ๐—ฑ ๐—ณ๐—ผ๐—ฟ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฒ-๐Ÿฎ๐Ÿณ ๐Ÿ’ฐThe Fair Work Commission has confirmed increases to the National Minimum Wa...
16/06/2026

๐— ๐—ถ๐—ป๐—ถ๐—บ๐˜‚๐—บ ๐˜„๐—ฎ๐—ด๐—ฒ ๐—ถ๐—ป๐—ฐ๐—ฟ๐—ฒ๐—ฎ๐˜€๐—ฒ ๐—ฐ๐—ผ๐—ป๐—ณ๐—ถ๐—ฟ๐—บ๐—ฒ๐—ฑ ๐—ณ๐—ผ๐—ฟ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฒ-๐Ÿฎ๐Ÿณ ๐Ÿ’ฐ
The Fair Work Commission has confirmed increases to the National Minimum Wage and modern award rates as part of the 2026 Annual Wage Review.

Modern award minimum wages will increase by ๐Ÿฐ.๐Ÿณ๐Ÿฑ% from the first full pay period starting on or after **1 July 2026**. The lowest modern award rate will rise to $๐Ÿญ,๐Ÿฌ๐Ÿฌ๐Ÿฐ.๐Ÿต๐Ÿฌ ๐—ฝ๐—ฒ๐—ฟ ๐˜„๐—ฒ๐—ฒ๐—ธ or $๐Ÿฎ๐Ÿฒ.๐Ÿฐ๐Ÿฐ ๐—ฝ๐—ฒ๐—ฟ ๐—ต๐—ผ๐˜‚๐—ฟ.

๐—ช๐—ต๐—ฎ๐˜ ๐—ฒ๐—บ๐—ฝ๐—น๐—ผ๐˜†๐—ฒ๐—ฟ๐˜€ ๐—ป๐—ฒ๐—ฒ๐—ฑ ๐˜๐—ผ ๐—ฟ๐—ฒ๐˜ƒ๐—ถ๐—ฒ๐˜„
This is more than a payroll update. Itโ€™s a compliance event with flow-on impacts across employment arrangements.

๐—ž๐—ฒ๐˜† ๐—ฎ๐—ฟ๐—ฒ๐—ฎ๐˜€ ๐˜๐—ผ ๐—ฐ๐—ต๐—ฒ๐—ฐ๐—ธ:
โ€ข Apply new rates from the correct pay cycle, not simply from 1 July
โ€ข Confirm employees are correctly graded under the relevant award
โ€ข Review enterprise agreements to ensure base rates meet the new minimums
โ€ข Re-test salaries and set-off arrangements against updated award entitlements
โ€ข Update junior, trainee and entry-level rates
โ€ข Factor higher labour costs into FY27 budgets and pricing
โ€ข Update contracts and onboarding documents where pay rates are referenced

For many businesses, the first impacted pay run will be in early July, depending on the payroll cycle. Delays can quickly create underpayment exposure.

If youโ€™re unsure how the changes apply, review now. The detail sits in the awards and classifications, not just the headline rate.

๐—ฆ๐˜‚๐—ฝ๐—ฒ๐—ฟ ๐—ฃ๐—ฎ๐˜†๐—ฑ๐—ฎ๐˜† ๐—ถ๐˜€ ๐—ป๐—ผ๐˜ ๐—ท๐˜‚๐˜€๐˜ ๐—ฎ ๐—ฝ๐—ฎ๐˜†๐—บ๐—ฒ๐—ป๐˜ ๐—ฐ๐—ต๐—ฎ๐—ป๐—ด๐—ฒ.It affects:- Payroll processing timing- Cash flow management- Clearing house s...
14/06/2026

๐—ฆ๐˜‚๐—ฝ๐—ฒ๐—ฟ ๐—ฃ๐—ฎ๐˜†๐—ฑ๐—ฎ๐˜† ๐—ถ๐˜€ ๐—ป๐—ผ๐˜ ๐—ท๐˜‚๐˜€๐˜ ๐—ฎ ๐—ฝ๐—ฎ๐˜†๐—บ๐—ฒ๐—ป๐˜ ๐—ฐ๐—ต๐—ฎ๐—ป๐—ด๐—ฒ.

It affects:
- Payroll processing timing
- Cash flow management
- Clearing house selection
- Internal controls and approvals

If your payroll, finance and bank processes arenโ€™t aligned, Super Payday will expose the gaps.

Fixing process issues in June is far easier than correcting compliance failures in July.

Need help? Just call us on 03 5221 6399

After some stiff competition, some top shots, some clearly jammy shots, and the smell of a classic sausage sizzle in the...
11/06/2026

After some stiff competition, some top shots, some clearly jammy shots, and the smell of a classic sausage sizzle in the air, the 2026 Davidsons Cup Table Tennis Championship has been decided! ๐Ÿ“๐ŸŒญ

Congratulations to Daniel, who battled his way to victory and claimed the coveted Golden Bat - plus a gift card for prize money.

Big thanks to the Davidsons Social Club for serving up the competition, the laughs, the snags, and just the right amount of office rivalry.

Until next yearโ€ฆ the bat is Danielโ€™s. For now. ๐Ÿ†

๐—ฆ๐—ฎ๐—น๐—ฎ๐—ฟ๐˜† ๐—บ๐—ฎ๐˜๐˜๐—ฒ๐—ฟ๐˜€. ๐—•๐˜‚๐˜ ๐—ถ๐˜ ๐—ถ๐˜€ ๐—ป๐—ผ๐˜ ๐˜๐—ต๐—ฒ ๐˜„๐—ต๐—ผ๐—น๐—ฒ ๐—ฟ๐—ฒ๐˜๐—ฒ๐—ป๐˜๐—ถ๐—ผ๐—ป ๐˜€๐˜๐—ผ๐—ฟ๐˜†.For many businesses, employee retention is getting harder to sol...
02/06/2026

๐—ฆ๐—ฎ๐—น๐—ฎ๐—ฟ๐˜† ๐—บ๐—ฎ๐˜๐˜๐—ฒ๐—ฟ๐˜€. ๐—•๐˜‚๐˜ ๐—ถ๐˜ ๐—ถ๐˜€ ๐—ป๐—ผ๐˜ ๐˜๐—ต๐—ฒ ๐˜„๐—ต๐—ผ๐—น๐—ฒ ๐—ฟ๐—ฒ๐˜๐—ฒ๐—ป๐˜๐—ถ๐—ผ๐—ป ๐˜€๐˜๐—ผ๐—ฟ๐˜†.

For many businesses, employee retention is getting harder to solve with pay rises alone. The smarter play? Looking at the total value of the remuneration package.

Thatโ€™s where fringe benefits tax gets interesting.

When structured correctly, FBT-effective benefits can help employers offer meaningful value beyond salary, including:

โœ… work-related devices
โœ… professional development
โœ… minor recognition benefits
โœ… eligible electric vehicle arrangements
โœ… relocation support for hard-to-fill roles

The catch? These benefits need to be properly classified, documented and reviewed. A well-intentioned perk can quickly become an unexpected FBT issue if the details are missed.

In our latest article, Kylie McEwan explores how businesses can use FBT-effective benefits to support employee retention while staying commercially and tax-aware.

Because keeping good people is not just about offering more.
It is about offering smarter.

Read the full article here: https://www.davidsons.com.au/fringe-benefits-tax-employee-retention

๐—ข๐—ป๐—ฒ ๐—บ๐—ผ๐—ป๐˜๐—ต ๐˜๐—ผ ๐—ด๐—ผ ๐˜‚๐—ป๐˜๐—ถ๐—น ๐—ฃ๐—ฎ๐˜†๐—ฑ๐—ฎ๐˜† ๐—ฆ๐˜‚๐—ฝ๐—ฒ๐—ฟ ๐—ถ๐˜€ ๐—น๐—ถ๐˜ƒ๐—ฒ.From 1 July 2026, super must be paid on or before payday, not weeks later.If ...
31/05/2026

๐—ข๐—ป๐—ฒ ๐—บ๐—ผ๐—ป๐˜๐—ต ๐˜๐—ผ ๐—ด๐—ผ ๐˜‚๐—ป๐˜๐—ถ๐—น ๐—ฃ๐—ฎ๐˜†๐—ฑ๐—ฎ๐˜† ๐—ฆ๐˜‚๐—ฝ๐—ฒ๐—ฟ ๐—ถ๐˜€ ๐—น๐—ถ๐˜ƒ๐—ฒ.
From 1 July 2026, super must be paid on or before payday, not weeks later.

If you havenโ€™t already:
- Start paying super with each payroll run
- Test your payment timing to ensure funds are received within 7 business days
- Confirm your payroll system is configured correctly

June is your final testing window.

Need help? Just call us on 03 5221 6399

Address

101 West Fyans Street
Geelong, VIC
3220

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

Telephone

+61352216399

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