Keeping our finger on the Australian and global financial pulse is what we do at The Peak Partnership.

Find out more about what your money is or could be up to with our latest quarterly Wealth Market Update for April – June 2025.

If you hold a Family Trust (or similar trust entity), you need to complete a Trust Distribution Resolution by the end of the financial year. Learn more about your responsibilities as a trustee.

It's been a frenetic start to April 2025 for the Australian and global financial markets, with US President Donald Trump announcing that every country will be hit with tariffs of varying degrees on imports into the US.

While this has had an initially (very) detrimental effect on share markets and investors' savings, we give some age advice about weathering this latest economic storm.

The 2025 Federal Budget – the fourth by the current government – was presented on Tuesday, 25 March. 

With the Federal Election coming up in May, this Budget doesn't hold too many surprises – other than further promised tax cuts in 2026-27 and again in 2027-28.

Catch up on our full wrap of the 2025-26 Budget by clicking the link below.

With the 2024-2025 FBT year ending on 31 March, we look at some of the key FBT issues for employers and employees – including FBT rules around plug-in hybrid electric vehicles (PHEVs).

Find out more about the FBT impact for your business with our Frequently Asked Questions.

From 01 July 2025, the cost of outstanding business tax debt will increase significantly when the general interest charge (GIC) and the shortfall interest charge (SIC) penalties become non-deductible.

This signals that the Australian Tax Office is serious about accelerating the collection of over $50 billion in (mostly) business tax debt owed.

The Tax Practitioners Board (TPB) recommends that all Australian tax agents undertake proof of identity verifications for new clients. Stringent client verification helps protect our clients and The Peak Partnership from identity crime, which has increased with sophisticated technology.

In adopting the Proof of Identity (POI) recommendations and as part of our new client engagement process, we may need to verify your identity before we can start on your work. 

You can find out more, including the types of identification documents we may need to sight, by downloading our Proof of Identity fact sheet.