POLA & CO chartered accountants

01/09/2026

We made it to our new digs at 70A Kepler St (between Lava & Koroit). Got a lot of unpacking & sorting out to do, but we are here.

31/08/2026

Are we there yet?

31/08/2026

Moving day.

19/08/2026

The polar bears are getting ready to shift shop. As of 1 September, they will be at 70A Kepler St.

26/06/2025

As another financial year draws to a close, we attach a year end checklist which contains some tasks that may require your immediate attention.

In addition, employers need to be aware of two mandatory impending changes.

1. Minimum award wage rates increase by 3.5% from the 1st July. This is based on the work period. Therefore, if your pay period is Monday- Sunday, the new rates will not take effect until the period commencing 7th July. Award rates can be found at: .

2. The compulsory Superannuation rate increases to 12% for wages paid on/after 1st July. Ensure your payroll software is adjusted accordingly. This is based on actual pay day, not the pay period.

Happy New Year

05/08/2024

30/06/2024

Happy New Financial Year
Wage earners should see an increase in after tax pay from this week as the new tax rates kick in. If you want to check your tax, Weekly, Fortnightly & Monthly tax tables can be downloaded from: https://www.ato.gov.au/search-results =tax%20tables%202025

Minimum award wages rates also increase by 3.75% from the first full pay period commencing 1 July. Award rates can be checked at: https://www.fairwork.gov.au/pay-and-wages/minimum-wages

The compulsory Superannuation Guarantee Charge increases to 11.5% for wages paid on/after 1 July.

For Business owners, attached is a copy of our end of year Checklist. Please have a look at this now as there are some matters that require immediate attention.

As always, contact us if you have any queries via email of phone.

16/05/2024

Budget Update
Tax wise, not a lot in the budget this year. The new tax rates as previously announced are as follows:

Up to 30 June 2024 From 1 July 2024
Tax Rate Thresholds Tax Rate Thresholds
0% $0 - $18,200 0% $0 - $18,200
19% $18,201 - $45,000 16% $18,021 - $45,000
32.5% $45,001 - $120,000 30% $45,001 - $135,000
37% $120,001 - $180,000 37% $135,001 - $190,000
45% $180.001+ 45% $190001+

For Small Business, the immediate Asset Write-off for Assets up to $20,000 continues until 30 June 2025.
And there's a truck load of money being thrown to the ATO for Compliance measures - ie audit.

11/04/2024

We are back on the air again - phones sorted.

10/04/2024

We are having technical difficulties with our telephone system, so please bear with us as the technicians get to the bottom of it. You can email us on: [email protected]