August 2025

HECS/HELP debt reduction Bill introduced

On 23 July, the Labor government introduced legislation aimed at enacting its election promise to reduce student debt by 20%. The Bill proposes to:

July 2025

Get it right this tax time: don’t lodge your return too early

It might seem like a good idea to lodge your tax return as soon as the financial year ends – with costs of living rising you might be hoping for a refund, or you might just want to tick it off your to-do list for another 12 months. But the ATO has warned that early July lodgers are twice as likely to make mistakes on their returns, and recommends that tax returns be submitted later in July.

June 2025

Tax and your child’s money: what parents need to know

As a parent or guardian, it’s essential to understand how tax applies to your child’s money. If your child has a savings account or receives other income, you need to know how to help them manage their finances and meet their tax obligations.

Tax can apply to money your child receives, such as bank account interest or dividends from shares.

For tax purposes, a “minor” is an individual under 18 years of age at 30 June of the income year. Special tax rules for minors apply until they no longer meet this definition.

Halys & Sells 2022 Update

After 34 ½ years full-time in the Accounting Profession and 25 ½ years in full-time Practice from 1 July 2021 John Halys will be semi-retiring to enjoy life post full-time employment.  For those who know John well you could say that he is taking his own advice. 
 
Emma is buying John out of the partnership and the subsequently there will be a change in the business name to Emma Sells & Associates.