We offer a comprehensive range of tax services, including individual and business tax preparation, tax planning and strategy, and audit representation and resolution. Our expertise also covers self-managed superannuation funds, sales and indirect tax compliance, non-profit and exempt organization filings, as well as estate and trust tax services.
ATO Cracks Down on Tradies and Professional Services: Time for a Compliance Health Check
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Acumen Accountying Services
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ATO Cracks Down on Tradies and Professional Services: Time for a Compliance Health Check
The ATO has launched a new compliance campaign targeting tradies; plumbers, builders, construction, architects, electricians, and consultants, and professional service providers across Australia and Melbourne businesses are firmly on the radar. With advanced data-matching technology now tracking every transaction, it’s never been more important to keep your tax and bookkeeping records airtight.
Running a business in Australia has never been more data-driven, and the Australian Taxation Office (ATO) is keeping up. Its latest crackdown focuses on tradies, consultants, and professional service firms, with a clear message: transparency and compliance are non-negotiable.
What’s Under Review?
The ATO is using advanced analytics and digital data-matching systems to identify irregularities across multiple industries. Key focus areas include:
Unreported income, particularly cash jobs
Overclaimed business expenses
PAYG, GST, and superannuation obligations
Profit allocations through trusts
Even small discrepancies can raise red flags when every transaction leaves a digital trail.
What This Means for Melbourne Businesses
Whether you’re a sole trader, small business, or growing enterprise, maintaining accurate financial records is crucial. Acumen Accounting Group offers comprehensive business tax services in Melbourne, including:
Tax compliance and preparation
Bookkeeping services in Melbourne
Business tax planning and advisory
Capital gains tax services in Malvern East
Virtual CFO and financial consulting
Our chartered accountants in Melbourne specialise in identifying potential issues before they escalate, helping you stay compliant while optimising your business performance.
Protect Your Business with a Compliance Review
If you’re unsure whether your books are ATO-ready, now is the time for a confidential compliance health check. We’ll assess your records, ensure you’re meeting all obligations, and guide you through practical strategies to reduce audit risk and improve efficiency.
Unsure of the Proposed Division 296 Tax Implications on Your Investment? Acumen Accounting Group breaks this down.
The proposed Division 296 tax would apply to superannuation balances over $3 million, but experts warn it could be the first step toward broader investment tax changes. Treasury assistant secretary David Pearl has cautioned that this policy may pave the way for new taxes on shares, property, and other investments, shifting the landscape for high-net-worth individuals and business owners.
Some of the key concerns around taxation are:
Narrow tax base that can be avoided through restructuring
Treasury expects it to raise just $40B over 10 years - small compared to overall spending
Legislation is not yet passed, but could set a precedent for “paper profit” taxes
Possible future tax increases on working Australians and investors
Acumen Accounting Group provides strategic tax planning and wealth protection advice to help clients prepare for legislative changes like the Division 296 tax. Whether you hold significant super balances, property, or share investments, now is the time to review your investment tax strategy.
If you have tax concerns, questions, or simply do not know how to go about tax preparations for your business, Acumen Accounting Group can assist and provide tax solutions for you and your business.
Get in contact with one of our tax consultants by clicking on the link below.
Melbourne Professional Tax Consultants With Over 20 Years Accounting Experience️
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Acumen Accountying Services
Reach Marketing Group
Melbourne Professional Tax Consultants With Over 20 Years Accounting Experience️
From tax preparation to tax planning, audit support, and specialist compliance, our qualified team is committed to supporting your financial wellbeing with professionalism, precision, and personalised service.
At Acumen Accounting Group, we deliver a comprehensive suite of tax services in Victoria, helping individuals, businesses, trusts, and not-for-profits meet their tax obligations with confidence and clarity.
Not only do we offer tax services that are accurate, prompt and strategic, but we pride ourselves on the collaborative relationship we build with our clients.
As proud members of the Institute of Public Accountants (IPA) and registered tax agents under the Tax Agent Services Act 2009 (TASA), you can have complete confidence that we meet the highest professional and ethical standards in the industry.
Comprehensive Tax Services in Melbourne
We offer a full range of tax services designed to simplify compliance, reduce risk, and optimise your financial outcomes.
Individual & Business Tax Preparation
We provide accurate, compliant, and timely tax preparation for individuals and businesses across all industries. Whether you're an employee, sole trader, or company director, we maximise deductions and streamline your tax return process.
Tax Planning & Strategic Advisor
Minimise your tax liability and plan ahead with confidence. Our team helps you develop effective tax strategies aligned with your personal or business goals, covering cash flow, investments, and structure optimisation.
Tax Audit Representation & Resolution
Navigating a tax audit? Our tax experts handle communication with the Australian Tax Office (ATO), respond to audit requests, and help resolve any disputes. We protect your interests and work toward the best outcome.
Self-Managed Superannuation Fund (SMSF) Tax Services
Stay compliant and confident with your SMSF. We handle annual returns, compliance checks, and tax reporting to help your fund remain both legally sound and financially strategic.
Sales Tax & Indirect Tax Compliance
Our team ensures you’re always up to date with GST, PAYG, and other indirect tax requirements, so your business avoids costly penalties and stays focused on growth.
Non-Profit & Exempt Organisation Tax Filings
We provide expert support for charities and non-profits, from initial registrations to annual reporting, ensuring compliance with the ATO and the Australian Charities and Not-for-profits Commission (ACNC).
Estate & Trust Tax Services
Whether you’re administering a deceased estate or managing a family trust, we help with trust tax returns, distribution management, and estate taxation matters, ensuring clarity and compliance. It is easier and clearer to get an accountant involved when there is money within a family setting. Avoid the politics and engage a professional to make finances clearer, fairer and managed in a professional way.
Tax Agent Registration & Professional Standards
Acumen Accounting Group is a registered tax agent under the Tax Agent Services Act 2009 (TASA) and adheres strictly to the Code of Professional Conduct as administered by the Tax Practitioners Board (TPB). As a client, it is reassuring to know that Acumen Accounting Group is registered with TPB, proving its competence and capability as a tax consultant.
Acumen Accounting Group adheres to the very strict professional obligations. As registered tax agents, we are legally and ethically required to:
Act lawfully and in your best interests
Maintain the confidentiality of your information
Provide competent, timely, and professional services
Avoid conflicts of interest
Maintain appropriate professional indemnity insurance
Being a proud member of the IPA further reinforces our dedication to ongoing professional development, regulatory compliance, and best-practice accounting standards.
Your Responsibilities as Our Client
To ensure we can meet our obligations and provide accurate services, you are responsible for:
Providing truthful and complete information
Supplying documentation in a timely manner
Responding to queries or requests for clarification
Meeting ATO deadlines (we'll help you manage these)
Information that could significantly impact your tax position
Ongoing Disclosure Obligation
It’s important you inform us of any changes in your circumstances (e.g., new income, business activities, or investments) so we can adjust your tax strategies accordingly and ensure full compliance.
Why Choose Acumen Accounting Group?
With a reputation for professionalism, integrity, and personalised care, Acumen Accounting Group is your trusted partner in tax. We combine deep technical knowledge with a practical, approachable service style, making complex tax matters simpler to understand and easier to manage.
