Division 296 Changes – What Treasurer Chalmers’ New Plan Means for You
October 21, 2025
Australia’s Treasurer Jim Chalmers has unveiled a revised version of the government’s previously proposed Division 296, aiming to strike a better balance between fairness and fiscal responsibility. The original proposal faced backlash for its complexity and unfairness in taxing unrealised...
Read more
Important Update: New TPB Code of Professional Conduct Obligations Effective 1 July 2025
June 26, 2025
From 1 July 2025, significant updates to the Tax Practitioners Board (TPB) Code of Professional Conduct will come into effect for tax practitioners with 100 or fewer employees. These changes are part of the Tax Agent Services (Code of Professional...
Read more
Division 296 Tax: What You Need to Know (and Why We Should Wait)
May 28, 2025
As part of the Federal Government’s recent superannuation reform agenda, a new measure called Division 296—has been introduced to impose an additional tax on individuals with superannuation balances exceeding $3 million. This has generated a fair amount of discussion (and...
Read more
Nominating Apiary Financial as your tax agent
March 22, 2024
In November 2023, the Australian Taxation Office (ATO) introduced a new requirement for all entities with an ABN (except sole traders) to nominate their tax agent before their tax agent can add the entity to their client list. This requirement...
Read more
Embracing change: We are upgrading our practice management and e-signature software
July 28, 2023
At Apiary Financial, we always strive to provide our clients with the best possible service. We believe that innovation is key to staying ahead in today's fast-paced business environment. With this in mind, we are excited to announce a significant...
Read more
Is your business ready for Single Touch Payroll Phase 2?
December 20, 2022
Single Touch Payroll Phase 2 (STP2) reporting became mandatory on 1 January 2022. While a number of Digital Service Providers (DSP) such as Xero and QuickBooks Online obtained STP2 deferrals, these will be expiring shortly, meaning employers will soon need...
Read more
Important Director ID Update, Resigned Directors Required To Register
November 4, 2022
The 30 November 2022 deadline for Directors IDs is quickly approaching. Our previous articles have detailed the requirements for the Directors ID, however the ATO has recently confirmed that directors who were appointed as Directors on or before 31 October 2021 are also required...
Read more Director ID required by 30 November 2022
October 20, 2022
Just a reminder that if you were a director of a company on 31 October 2021, you need to obtain a Director ID by no later than 30 November 2022. You can apply online or over the phone. https://www.abrs.gov.au/director-identification-number/apply-director-identification-number To...
Read more
Are You Ready for the Super Changes
October 18, 2022
We would like to remind you to ensure you update your payroll and accounting systems so that you continue to pay the right amount of super for your employees. There are two important super guarantee (SG) changes that came into...
Read more
Director Identification Number requirements
July 29, 2022
In November 2021, a new initiative was introduced that requires all directors of companies in Australia to obtain a director identification number (director ID). A director ID is a 15-digit unique identifier that remains with you forever, regardless of whether...
Read more