Author name: grenfellmurray

The Federal Government delivered the 2026-27 Federal Budget last night (12 May 2026) with the government proposing a ‘fairer, better, simpler and more sustainable’ tax system.  Whether they have succeeded or not is yet to be seen since the devil really will be in the detail.  What is certain is that the announced changes are […]

What happened?You may have seen that the ATO recently lost the Bendel case in the Full Federal Court (after it appealed a decision it also lost in the appeals tribunal). This has brought into question an ATO ruling from 2010 that taxpayers have, for the most part, complied with for the last 15 years. If

Being in the building trade comes with its unique set of challenges and responsibilities. To ensure your business remains robust and compliant, here are five crucial aspects every builder should be aware of:   Monitor Work in Progress (WIP) What You Should Know: Builders often invoice periodically, such as monthly or at various stages of

It is important for businesses to avoid growth for growth’s sake, and make sure that their increased turnover leads to increased profits. If your sale per unit doesn’t cover all costs within your business, and you lose money on a sale transaction, the more you sell, the more you will go backwards. You must know

The success of a business is often directly linked to the culture of your organisation. As the business owner can only be responsible for a certain number of tasks every day, and if you have a business of significant size, you rely on your team to do the others. In most cases your team members

In the ever-evolving landscape of employment obligations, it is crucial for small businesses to stay informed about the distinctions between employees and independent contractors. Recent developments have highlighted the need for employers to carefully review their operations to ensure compliance and avoid severe penalties, including potential jail time and reputational damage. PAYG (Pay As You

As the end of another Fringe Benefits Tax (FBT) year passes, it is crucial for businesses to be aware of the ATOs increased focus on employment tax compliance, including FBT. The ATO has recently ramped up its efforts to ensure employers are meeting their FBT obligations. They are doing this via a number of different

We understand the importance of keeping our clients informed about changes in legislation that impact their Self Managed Superannuation Funds (SMSF). The proposed Division 296 tax is one such change that will affect high-balance superannuation accounts. In this article, we break down the key points of this proposed new rule and provide guidance for different scenarios. 1. Members

On Tuesday 14th May 2024 the federal government handed down their third budget. Most of the initiatives had already been legislated or announced, so this budget was the least noteworthy we’ve seen in many years. As with most budgets, there were many more changes proposed than received media attention. This is because they are very industry

Peta Grenfell and Brendon Murray are the dynamic duo behind Grenfell Murray, your local Sunshine Coast business advisory and accounting experts. With deep roots in the community, they have a genuine passion for building strong relationships with their clients and helping Sunshine Coast businesses thrive. From their beginnings as Bentleys to their current identity as