BIS Cosgrove

15/10/2026

The ATO has delayed its credit card ban and the Government has stepped in, following a wave of backlash after the ban was announced. 💳

The ATO has delayed it’s credit card ban following a wave of backlash and a step-in from the Government.

29/09/2026

Card payment surcharges will officially be banned in Australia this week. 💳

Starting Thursday, 1 October 2026, if you've been adding a surcharge on card payments to cover your merchant fees, that cost is about to become part of doing business.

Find out what's changing, what you need to do before Thursday and smart ways to recover the cost without eating into your margins. 👇

From 1 October 2026, card payment surcharges will be banned in Australia. Here’s what it means for your business and how to recover the cost.

02/09/2026

🚨 COMPANIES BEWARE: Fake "Annual Company Review" letters 🚨

If you're a company director, you might get a letter that looks a lot like an official ASIC renewal notice. It probably isn't.

These “Annual Company Reviews” come from third party providers, and the "review fee" they're asking for is NOT a bill.

While not technically illegal, they're designed to use your real company details to incite urgency, and can be easily mistaken for an official ASIC bill.

The giveaway? A small disclaimer, usually near the bottom, saying something like "We are independent of ASIC. This is not a bill. You do not have to pay any money."

If one lands in your mailbox and you're unsure of its validity, don't pay straight away!

Contact our team to verify when your renewal actually is due, upcoming deadlines and any amounts you may have owing.

02/09/2026

WE'RE HIRING! 👥

We're on the hunt for a superstar Client Services & Administration Assistant to join us part time (~30 hours a week) in our Palm Beach or Brookwater offices.

About you:
- You’re friendly, organised, proactive and naturally curious.
- You’re open to learning new systems and processes.
- Previous experience in public practice accounting, financial planning or other professional services is highly regarded.
- Experience with Xero, ATO Portal, ASIC Connect and Microsoft Suite.

Responsibilities include:
- Managing client accounts, enquiries and record keeping.
- Liaising with the ATO, ASIC and other agencies.
- Assisting with tax lodgement and preparation.
- Handling invoicing and accounts receivable.
- Assisting with day to day office procedures.

If this sounds like you or someone you know, we'd love to hear from you! Apply here: https://www.biscosgrove.com.au/careers/

📩 or submit your resumé to [email protected]

01/09/2026

New Director ID rules are coming 📢

From 1 July 2027, companies will be required to formally report Director ID Numbers to ASIC as part of a push to reduce fraud and keep Australia's business registers accurate.

While there's nothing urgent to do just yet, it's worth checking that:
✅ You and any co-directors have a director ID
✅ Your company details are current
✅ Director info matches across the ASIC and ABRS registers

Read the full breakdown on our blog 👇

Director ID reporting rules are changing beginning 1 July 2027. Here’s what’s changing, what you need to know and how BISCosgrove can help you get ready.

14/08/2026

Negative gearing rules have changed. So what does that mean for you?

Read the full breakdown on our blog 👇

Negative gearing changes are now law, beginning 1 July 2027. Find out if your rental property is grandfathered and what the new rules mean for you.

06/08/2026

Recently, the man behind it all, our fearless leader Brian, was honoured at the CPA Australia Membership Recognition Ceremony.

He was awarded his Recognition of Service for an incredible 50 YEARS as a Certified Practising Accountant.

We feel incredibly lucky to have him at our helm, and his experience and passion have shaped who we are as a firm. He continues to inspire us every day.

Congrats BC! We are all so proud of you! 👏💙

28/07/2026

Turns out the biggest threat to your investment returns isn't the market... it's you. 👀

Panic selling. FOMO buying. Trying to time the market. How much is it all really costing you? 🚫

Find out how the right adviser helps you stay out of your own way and avoid common investor mistakes.

Is hiring a financial adviser really worth the cost? Here’s what 5 major financial institutes had to say about the value of an adviser.

23/07/2026

ASIC has named a further 19 entities involved in lead generation that may be encouraging Australians to unnecessarily switch their superannuation, as part of an ongoing review into ethical and sustainable practices in the finance sector. 🚨

Read the full post on our blog: https://www.biscosgrove.com.au/blog/asic-exposes-19-more-superannuation-lead-generators/

16/07/2026

The Federal Government's shock ban on new residential LRBAs in SMSFs has left many trustees wondering what comes next.

And while this might be the most significant change we've seen in years, it's NOT the end of SMSFs as we know it.

So before you panic, find out:
✔️ How the ban affects you
✔️ What's still allowed
✔️ What happens to existing LRBAs
✔️ SMSFs strategies moving forward

Read everything you need to know about the ban here: https://www.biscosgrove.com.au/blog/smsf-trustees-hit-with-shock-ban-on-residential-lrbas/

The Government has banned new residential SMSF LRBAs from 10 August 2026. Learn who is affected, what’s still allowed, and what your options are moving forward.