Herron Accountants

Starting a new business or restructuring?

📌 Heads up — new AML/CTF requirements mean we may need to ask a few extra questions along the way.

Get in touch with us early and we'll help sort the paperwork so your new venture gets off to a smooth start.
📞 +61 7 3204 4166
📩 [email protected]

Heads up for SMSF investors!

From Monday 10 August, super funds can no longer borrow to help buy residential property (and some other property types).

If you're eyeing your next SMSF investment, talk to us before you sign anything. We're happy to walk you through what this means for you.
📞 +61 7 3204 4166
📩 [email protected]

📢 Heads up for business owners: the ATO has automatically moved some employers to monthly PAYG withholding from July 2026 (previously quarterly).

Combined with payday super rolling out, this could mean extra pressure on your cash flow.

If you're not sure whether this affects you, or need help lodging monthly activity statements, give us a call, we're here to help.
📞 +61 7 3204 4166
📩 [email protected]

The ATO is keeping a much closer eye on work-related car expense claims this tax season, especially two common habits: claiming the trip from home to work, and always claiming the maximum 5,000km.

We wrote all about it (and what it means for your tax return) in a new article on our website. Read it for yourself 👇
https://www.herronaccountants.com.au/why-the-ato-emailed-500000-australians-about-car-claims/

Got questions about your own car claim? Give us a call, we're happy to help.
📞 +61 7 3204 4166
📩 [email protected]

Our July newsletter is out! 📰

This month we cover the ATO's crackdown on car expense claims, how to spot ATO impersonation scams and what's changing with negative gearing for property investors.

Read the full newsletter: https://www.linkedin.com/feed/update/urn:li:activity:7491340706389700608

Want this straight to your inbox every month? Subscribe here:
📥 https://www.herronaccountants.com.au/subscribe/

Our June newsletter is out now! 📰

Catch up on:
· Tax return preparation & Lodgement reminders
· Tax deductions
· Superannuation

Check it out and stay in the loop!
👉 https://www.herronaccountants.com.au/subscribe/

EOFY is here, are you prepared? 👀

Our May newsletter is now live, sharing the latest news on:
* 📅 EOFY Tax Planning
* ⚖️ Federal Budget Update
* ⭐️ Herron’s Client Spotlight
* 🎡 What's On Locally?

Register now to receive future editions. 👉 https://www.herronaccountants.com.au/subscribe/

Subscribe | Herron Accountants NEWSLETTER Get the scoop ahead of the rest. Like to know more about how we can help you through our broad range of integrated services? Contact us for perso ...

📢 Heads up for business owners — Payday Super is changing how and when you pay super for contractors!

From 1 July 2026, if you're currently required to pay super for an independent contractor, that obligation continues, but with new timing rules:
✅ Super must be paid every payday
✅ It must reach their super fund within 7 business days

Paying by invoice? The payday is counted from the date you pay that invoice, so super needs to land in their fund within 7 business days of that.

Our tip: pay their super at the same time you pay them. It's the easiest way to stay compliant and avoid any headaches down the track.

Not sure if your contractors are eligible for super? Drop us a message
🔗 https://www.herronaccountants.com.au/contact/