Herron Accountants

29/05/2026

EOFY is here, are you prepared? 👀

Our May newsletter is now live, sharing the latest news on:
* 📅 EOFY Tax Planning
* ⚖️ Federal Budget Update
* ⭐️ Herron’s Client Spotlight
* 🎡 What's On Locally?

Register now to receive future editions. 👉 https://www.herronaccountants.com.au/subscribe/

NEWSLETTER Get the scoop ahead of the rest. Like to know more about how we can help you through our broad range of integrated services? Contact us for perso ...

20/05/2026

📢 Heads up for business owners — Payday Super is changing how and when you pay super for contractors!

From 1 July 2026, if you're currently required to pay super for an independent contractor, that obligation continues, but with new timing rules:
✅ Super must be paid every payday
✅ It must reach their super fund within 7 business days

Paying by invoice? The payday is counted from the date you pay that invoice, so super needs to land in their fund within 7 business days of that.

Our tip: pay their super at the same time you pay them. It's the easiest way to stay compliant and avoid any headaches down the track.

Not sure if your contractors are eligible for super? Drop us a message
🔗 https://www.herronaccountants.com.au/contact/

13/05/2026

The Federal Budget is here… and so are the proposed tax changes

From Capital Gains Tax and discretionary trusts to negative gearing and EV FBT concessions, there’s a lot being discussed right now.

The good news? Many of these proposals are still developing, meaning there’s time to plan ahead, and we’ll be keeping our clients informed every step of the way.

Want updates without having to decode budget headlines yourself? Subscribe to our newsletter for straightforward insights and practical updates.

📬 https://www.herronaccountants.com.au/subscribe/

08/05/2026

Seen our April newsletter yet? 👀

Check it out and stay in the loop! ⬇️
https://www.herronaccountants.com.au/subscribe/

NEWSLETTER Get the scoop ahead of the rest. Like to know more about how we can help you through our broad range of integrated services? Contact us for perso ...

06/05/2026

Heavy vehicle operators and fuel‑dependent businesses: recent changes to the road user charge and fuel excise may impact your fuel tax credits.

If you lodge activity statements, now is a good time to review your rates and ensure your claims are up to date 📌

With fuel prices increasing, the ATO is offering additional support to help taxpayers stay on top of their obligations.

Businesses may be able to access a temporary payment plan, while individuals experiencing hardship can use existing ATO support services.

If you’re unsure what applies to you, reach out today
🔗 https://www.herronaccountants.com.au/contact/

01/05/2026

If you provide cars to your employees, recent changes to FBT rules could affect you 🚗

From 1 April 2025, many plug-in hybrid electric vehicles (PHEVs) are no longer exempt from FBT. That means it’s important to understand:
· How to calculate FBT, statutory formula vs logbook method
· Which cars are affected
· How this impacts taxable car benefits

We’ve written a detailed article breaking it all down. Check it out: 🔗 https://www.herronaccountants.com.au/fbt-exemptions-for-cars/

Five things you need to know Regulatory changes came into effect on 1 April 2025, ending the exemption for many plug-in hybrid electric vehicles (PHEVs) and ...

25/04/2026

On Anzac Day, we pay respect to the service and sacrifice of all Australian and New Zealand defence personnel.

Lest We Forget 🌅🇦🇺

24/04/2026

Our April newsletter is now live! 💡

This month, we cover:
· FBT claims: Keeping meal entertainment simple
· Division 296: implications for super contributions tax
· School holiday fun around Moreton Bay

Stay informed and make sure your business is ready for upcoming changes. Read the full newsletter here:
🔗 https://www.herronaccountants.com.au/subscribe/

NEWSLETTER Get the scoop ahead of the rest. Like to know more about how we can help you through our broad range of integrated services? Contact us for perso ...

22/04/2026

📌 Heads up! The government has proposed a new $1,000 standard tax deduction for people who earn wages.

It’s planned to start from the 2027 financial year (so not this current year).

A few things to know:
📍 It’s a deduction, not a $1,000 refund
📍 Most people may save a few hundred dollars
📍 If you claim more than $1,000 in expenses, you’ll still need receipts

If you’re unsure what this means for you, reach out:
🔗 https://www.herronaccountants.com.au/contact/

17/04/2026

Big changes are coming for accountants, solicitors, real estate agents, and jewellers from 1 July 2026 ⚖️

New AML/CTF rules mean:
· Registration with AUSTRAC
· Customer checks and due diligence
· Reporting suspicious matters
· Formal AML/CTF programs

Because of this, we may ask clients for extra documents when performing some tasks.

Read more on AUSTRAC’s reform page: 🔗 https://www.austrac.gov.au/amlctf-reform

The Anti-Money Laundering and Counter-Terrorism Financing Act (the Act) is changing. From 1 July 2026 new services and entities, known as tranche 2, will come under our regulation. The reformed laws also impact current reporting entities. On this page you can learn more about the reforms and how the...