August 10, 2018
Craig Hailston
The Taxable Payments Annual Report

If you’re in the building and construction industry, you need to loge the taxable payments report on an annual basis. The taxable payment annual report notifies the ATO about payments you have made to contractors that have provided services during the financial year. To find out more information, read our blog.

Is Superannuation payable on your Termination/Final Payout of unused Annual Leave?

A popular question we are asked is “How do I calculate my employee’s final pay?”.

This is a good question which can often be incorrectly processed.

June 10, 2018
PTA Group
Health and Wealth - Partners in Prosperity

As the end of the financial year approaches many of us will reflect on the state of our finances and assets. We will consider the state of the economy, investment performance over the past 12 months and make plans for the year ahead...

April 12, 2018
Property and SMSF’s

Directly held property makes up approximately 19% of all SMSF assets, indicating that many SMSF trustees consider it’s an important and significant part of a diversified portfolio.  There are numerous strategies and ways for property to form part of an SMSF’s investments and each must be carefully considered.

April 06, 2018
Craig Hailston
FBT 2018 – What it means for you

Yes that right, its FBT time again. With the FBT year ended 31 March 2018 it is time to make sure that you have you records in order.


What does this mean for you?

November 06, 2017
Valuation Guidelines for SMSF’s

The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament with the majority of reforms taking effect on 1 July 2017. The most significant changes include the introduction of the transfer balance cap (TBC), CGT relief provisions and Total Superannuation Balance (TSB). With these superannuation changes, it is more important than ever that trustees of SMSF’s revalue the assets in their fund on at least an annual basis. We have listed some guidelines to assist in revaluing the assets in your SMSF.

June 07, 2017
Craig Hailston
Knowing your Numbers

For the last 15 years I have been working with business owners to help them grow, adapt and succeed.

Having given advice to a vast number of private family businesses across a variety of industries, I have come to realise that most business owners simply just don’t know enough about their numbers, especially the critical ones...

June 01, 2017
PTA Group
Xero Security

Data security is an industry-wide issue and it is Xero’s number one priority. See how you can improve the security on your Xero file by reading more. 

May 25, 2017
PTA Group
Free Xero Training

How would you like a little Xero refresher, or just in need of some training support? For the month of June 2017 Pinnacle Tax & Accounting is offering free Xero training sessions [that’s a saving of $395].

May 19, 2017
Craig Hailston
Wollongong Expansion

Pinnacle Tax & Accounting [‘PTA’] is pleased to announce the opening of our second office at 2/280 Kiera Street, Wollongong on 22 May, 2017.

Transition to retirement pensions – back to their true purpose

The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament. Amongst the changes was legislation which will remove tax concessions for transition to retirement pensions (TTRs) and bring them closer to their purpose of providing income to members as they transition to retirement.

March 30, 2017
PTA Group
2017 Fringe Benefits Tax (FBT)

The Fringe Benefits Tax (FBT) year ended 31 March 2017. It is now time for businesses to determine if they have an FBT exposure and if so start to collate the relevant information in order to complete an FBT return for the year.

December 16, 2016
Are you ready for the Government’s superannuation changes?

On Wednesday 9 November 2016 the Government introduced its superannuation legislation which makes changes to the superannuation laws it originally announced in the 2016 Federal Budget.

2016 Federal Budget Superannuation reforms - Are you clear on what non-concessional contributions you can contribute in a year?

With the Government abandoning its policy to introduce a $500,000 lifetime cap for non-concessional contributions are you clear on what non-concessional contributions you can make to superannuation now?

August 25, 2016
Craig Hailston
SMSF early engagement and voluntary disclosure service

The ATO is encouraging trustees of Self-Managed Superannuation Funds [SMSFs] that have contravened the SIS provisions to disclose them to the ATO via its ‘SMSF early engagement and voluntary disclosure service’, which may mean the ATO will apply a ‘lighter touch’….

What happens to property in a limited recourse borrowing arrangement (LRBA) once repayment of the loan is made?

Can the asset be left in a bare/holding trust? The short answer to this is yes due to a legilation change around the issue back in April 2014...

A couple of reminders for SMSF trustees before 30 June 2016

The end of the financial year always seems to crop up faster than it should. Understanding what you could do before 30 June 2016 as an SMSF trustee can provide you with significant tax savings.

Government delivers significant changes to superannuation in its 2016-17 Federal Budget

A reduction in concessional contribution caps, the lowering of the Division 293 tax threshold, introduction of a cap on tax-free assets in retirement phase and a lifetime limit for non-concessional contributions are just some of the changes that were announced in this year’s Budget to impact superannuation.  These changes may impact your SMSF and retirement planning and require you to review your existing strategies or formulate new ones...

Has your business been affected by the recent floods and severe weather?

If so we are here to help..

June 01, 2016
Wendy Hughes
SuperStream Deadline is Looming

By 30 June 2016, all businesses (regardless of the number of employees) need to be on board with SuperStream. 

May 26, 2016
PTA Group
Why cloud accounting is good for business

Technology is revolutionising how accountants and businesses alike operate. The major driver of this change is cloud accounting. Cloud accounting allows a company to access their accounting records from an offsite provider via the internet, rather than company-owned and maintained hardware and software.

March 08, 2016
Craig Hailston
It’s not too late to lodge you 2014/2015 tax return!

Haven’t completed your 2014/2015 tax return and your starting to feel a little concerned that the ATO may come knocking at the door? Don’t stress it may actually not to too late after all!

February 03, 2016
PTA Group
Tax lodgement and payment dates

The following dates highlight key superannuation related tax lodgement deadlines approaching in the next few months. The list of key dates is not comprehensive and is a guide only. Events or timelines may change. Unless otherwise stated, the due dates provided are for 30 June balancers only..

Tax implications – holding your personal residence inside a family trust

I recently was asked to provide tax advice to a client as to whether they were entitled to claim the principal place of residence exemption under the Capital Gains Tax [“CGT”] provisions for their personal property held inside their family trust...

January 18, 2016
Amanda Morrish
Are You Aware of the New Under-Quoting Property Laws?

The new underquoting laws apply to NSW property sales from 1 January 2016.

January 07, 2016
Craig Hailston
Key considerations in choosing a business structure

When deciding on which structure would be most appropriate to operate your business venture, there are many commercial as well as tax issues you need to consider. Here are my ‘top’ issues to consider...

September 01, 2015
PTA Group
Congratulations Pestec Pty Ltd!

We are proud to congratulate one of our valued clients, Narellan-based termite specialist company, Pestec, for being announced the winner of both NSW and Australian Pest Manager of the Year 2015 at the industry awards dinner held on the Gold Coast on 14th August.

May 02, 2015
Rachel Trenfield

At Pinnacle Tax & Accounting, we can confidently recommend Xero for your accounting needs. We’ve had continual positive feedback from clients with how user friendly and efficient Xero is.

January 07, 2015
Craig Hailston
Business Performance Reviews

Are you achieving your business goals? If you answered "what goals?", then it's time to start planning. 

November 19, 2014
Craig Hailston
The Benefits of an Advisory Board - Mentoring for Growth

Nobody can build a business alone, whether it’s a start up or a well-established business, having access to high-quality advice can enhance an organisation’s chances of success.

The best advice we can give our clients for managing business challenges and planning for future growth and success is to look to establish an advisory board.

September 14, 2014
PTA Group
Fixed Price Accounting: No Hidden Surprises with PTA Group

Whatever sort of business you are running, no one likes an unexpected bill - or a bill that is significantly larger than what you had budgeted for. Keeping on top of your Cash Flow is hard enough at the best of times, it is the unexpected bills that tip you over into uncomfortable territory. 

August 25, 2014
PTA Group
NSW Budget: The Outlook for 2014-2015

The NSW Treasurer handed down the State Budget for 2014-15 on Tuesday 17 June 2014 and we thought we'd share a summary of the key highlights which will impact you, your business, and the wider Western Sydney region.


Why Your Business Should Drop Conventional Record Keeping for the Cloud

Okay seriously, maybe it’s time your accounting modernised a bit? The likely reason you’re reading this article is because you’ve heard the buzz surrounding cloud-based accounting and you’re curious about the benefits. Great! That’s exactly what we’re going to talk about. Let’s get started.

July 09, 2014
PTA Group
Pinnacle Tax & Accounting - Our Story

Hear what our partners have to say at Pinnacle Tax & Accounting.

July 09, 2014
PTA Group
Client Testimonials

Want to hear what our clients have to say about us?

June 18, 2014
PTA Group
Understanding the Basics of Your Tax Return

Tax time can be difficult and stressful for anyone. Every person's tax status is unique, and such basics as whether or not you're expected to file a return and when to file it can be lost in the intricacies of the tax code.

PTA Group Merges with Coulcher's Personal Tax & Accounting

Pinnacle Tax & Accounting Pty Ltd will merge with Coulchers Personal Accounting and Taxation Services from 1 July 2014.

April 30, 2014
PTA Group
Learn More About Xero

Xero is online accounting software for accountants and small businesses.

Contact us