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When the Treasurer handed down the 2026-27 Federal Budget on 12 May 2026, we cautioned that the announcements were just that, announcements. Parliament still needed to pass legislation to bring them into effect. It’s not unusual for budget night measures to be legislated differently to how they were announced, or never legislated at all. Less […]

Commencing 1 July 2026, new anti-money laundering and counter-terrorism financing (AML/CTF) legislation will apply to professional services firms across Australia, including lawyers, accountants, real estate agents, and conveyancers.  The changes mandate enhanced identity verification and compliance obligations for firms like Grenfell Murray. While these changes are industry-wide, we are committed to implementing them clearly, efficiently,

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

From 1 July 2026, Grenfell Murray will have new legal obligations under Australia’s anti-money laundering laws. Here’s what’s changing, why it’s happening, and what you can expect from us. Key points What’s changing? Australia is rolling out the biggest update to its anti-money laundering rules in two decades. The changes are known as the “Tranche

If you employ staff, the way you pay super is about to change. From 1 July 2026, employers must pay employees their super guarantee on payday, at the same time as salary and wages. It is one of the biggest changes to super compliance in years, and every employer in Australia will need to prepare.

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