Prescott Business Solutions

Rising fuel costs? ATO support now available

The ATO has introduced temporary support for businesses impacted by higher fuel prices, including a fuel response payment plan with no upfront payment, up to 36 months to pay, and potential interest remission.

⚠️ Support is available, but you must register to access it.

If fuel costs are affecting your business cash flow, contact our office to discuss your options!

ATO fuel response Find out about the ATO response to higher fuel costs and how we can help manage your tax obligations.

The 2025 Federal Budget was released on 25 March 2025. Pre-election budgets are always problematic as the announcements may not eventuate if there is a change in government.

Overall, there was little benefit or assistance for small business, but there is a pause on the draught beer excise 😉🍻

After a number of years of generous limits on equipment purchases, from 1 July 2025 the instant asset write-off will be reduced from $20,000 to $1,000. The reduction could have a massive impact on the timing of your equipment upgrades, making tax planning even more important!

Give our office a call, or click the link below for more highlights from a tax and business perspective.

2025 Federal Budget The 2025 Federal Budget was released on 25 March 2025. Pre-election budgets are always problematic as the announcements may not eventuate if there is a change in government. The following is a list of highlights from a tax and business perspective. Businesses Small business instant asset write-off e...

Taking over the family business is an honour – but it can also be a daunting role to take on. We’ve summarised five of the core skills you need as the head of the business.

Taking on the family business legacy: becoming the successor. Becoming the successor to the family business is a genuine honour. But taking over control of the family legacy, and taking the business to new heights, can be daunting. The older generation has been the curator of this business for years and will want to

🎉 Prescott Business Solutions is turning 5! 🎉

It’s hard to believe it’s already been 5 years. A big thank you to our wonderful clients and the support of family and friends – we couldn’t have done it without you!

And to our fantastic team – your hard work and passion keep us going strong.

Here’s to many more successful years ahead! 🥂

Taking a relaxed approach to leave management can put your business at risk of making costly errors. This article explains why you should diligently track, manage, and pay leave.

Why accurate leave management is so important Why leave management is important: operate your business effectively, meet your employees’ need for time-off, and satisfy your legal obligations.