Latest News

Year End: Make the most of it

With just a few weeks left in the year, what can you be doing to start 2024 on a high?

Australian Treasury - Super consultation paper released on same pay pay

The Government has released a consultation paper in relation to its announcement in the 2023–24 Budget that employers will be required to pay their employees’ superannuation guarantee entitlements on the same day that they pay salary and wages. Subject to the passage of legislation, the measures will commence from 1 July 2026. Comments are due by 3 November 2023.

First Home Buyers Seminar

Come along and hear from some of the most respected local experts in the property industry about buying your first home and the steps involved.

Verify or report a scam from the ATO

With scams becoming more prevalent, now is a good time to refresh your knowledge on how to verify and report a scam from the ATO. Click the link for more information

20 Ways to boost the value of your business

My Business have released 20 tips to help increase the value in your business. Click the link for more information

New business support package announced for NSW

The NSW Government recently announced the 2022 Small Business Support Program, a small business support package for businesses hit by Omicron. Applications will open mid-February. Click on the link to find out more.

ATO scam alerts

The ATO has released an article detailing current information and some examples of the latest ATO impersonation scams. If you have any concerns about your dealings with the ATO, please do not hesitate to reach out.

EOFY deduction checklist for businesses

MyBusiness has released a checklist of potential deductions for you to consider prior to the end of financial year. Click the link below to read more.

Cryptocurrency tax tips

As cryptocurrency is becoming increasingly popular it is important you are aware of the implications of buying and selling as this may need to be included as a capital gain or loss in your income tax return.

ATO-held super

When the ATO holds super money for you, it can include amounts paid by employers, superfunds or the government on your behalf which can be consolidated or claimed once you have met certain conditions.

Further support for businesses

We've outlined some ongoing incentives available for businesses - click the link to find out more.

Ongoing COVID incentives

Post JobKeeper incentives.

$8.7 billion stimulus package for Australian businesses

An $8.7 billion major stimulus package for Australian businesses is expected to be announced by the coalition today. The aim of this business package is to keep businesses running and Australian's in jobs amid the ongoing COVID-19 outbreak.

Tax rorts & black economy activity tip-offs on the increase, says ATO

ATO support offered amid Australia's bush fire crisis

The ATO has committed to showing leniency amid Australia's bush fire crisis. This SMSFAdviser article explains how and the link below will also provide further information for those who require it.

Accessing the age pension

Contrary to popular belief, not everyone over the age of 65 is entitled to the age pension. This article has been published by SMSFAdviser and provides a great outline on some of the age pension qualification parameters.

Studies suggest that 1 in 4 business owners will quit within 3 years

Leaving work-related stress at the door

This article provides some great tips on how to leave your work-related stress at the office and how to recharge after work - something I think we could all learn from.

Rotary Charity Golf Day 2019

We are proud to support the 2019 Rotary Charity Golf Day at Bonville Golf Resort, and encourage you to submit an entry or make a donation to some very worthwhile causes. This year, funds are being raised for the Waratah Respite Service and Rotary Drought Relief.

11 EOFY resolutions for small business

As the end of the 2019 financial year is fast approaching, ensure you ready for the new year by reviewing these 11 resolutions for your business.

Tax tips when renovating your property

Renovations made to your rental property may have tax implications, so it is important to be aware of these before you commence a renovation/repair.

Labor's attack on small business

Work Inspiration 2019

A photo from our recent work inspiration meeting with the volunteers for 2019. This ongoing project by The Smith Family is something we are proud to be a part of again later this year. We love the support this program provides to our young disadvantaged Australians, and hope to see others in the community get involved.

Payment summaries will no longer be required with the roll-out of single touch payroll

Who uses negative gearing?

Do you know how to recognise tax scams?

We want to remind our clients and members of the community to be aware of these tax scams and to contact their registered tax agent should they have any concerns.

ASIC warns of 'super spruikers' who continue to operate in the Coffs Harbour area

Make sure you always seek qualified advice!

What triggers an ATO audit?

The Smith Family's 2018 Work Inspiration

Chau & Hennessy Professional Accountants were proud to be a part of The Smith Family’s 2018 work inspiration, which provides an opportunity for young people to be introduced to new career ideas and develop their aspirations. The link below details the outcome of the 2017 work inspiration and how beneficial it was for the students.

Employee vs. Contractor

With an ever growing focus being placed on the misclassification of employees as contractors, this article focuses on the big question: ‘When is a contractor not a contractor?’

Tax tips 2018

CPA Australia have provided the following tax tips to assist small businesses.

ATO crackdown on work related expenses

Chau & Hennessy Professional Accountants are hiring!

If you are looking for a long term career in accounting we encourage you to send through your covering letter and resume.

Rotary Charity Golf Day 2018

We are proud to support the 2018 Rotary Charity Golf Day at Bonville Golf Resort, and encourage you to submit an entry or make a donation towards some very worthwhile causes.

19th Rotary Wine, Beer & Food Enjoyment

The 19th Rotary wine, beer & food enjoyment is on Saturday 19th May 2018 from 2.30pm at Pacific Bay Resort. Everyone is welcome!

One Agency property investor seminar 2018

Rotarians swing a club for a cause

Coffs Coast must decide on its future

A thought-provoking article by one of our partners, Richard Hennessy.

Financial Planning - It's a matter of survival

New superannuation rules for downsizing your home

New proposal to stamp our $100 bills with a use-by date to crack down on tax avoidance.

Congratulations to Paul on his new restaurant 'Silvios Italiano'!

Another new local business we hope the community will get behind and support.

Congratulations to Joe & Libby on their new venture!

Hoping to see the local community get behind this new and exciting concept.

2017 Rotary Charity Golf Day

Chau & Hennessy Professional Accountants are proud to support the 2017 Rotary Charity Golf Day at Bonville Golf Resort. This year the Mid North Coast Cancer Institute will be the main beneficiary with a Vital Signs Monitor to be funded from the proceeds of this event.

ATO cracks down on work-related expenses

Concerns raised as the ATO scrutinises work-related expenses.

Tax Tips 2017

You'll find a wealth of information in these annual tax tips now updated for 2017.

18th Rotary Wine, Beer & Food Enjoyment

The 18th Rotary wine, beer & food enjoyment is on this Saturday, 20th May 2017 from 2:30pm at Novotel Pacific Bay Resort.

Chau & Hennessy Accountants Positions Vacant

Positions for a Trainee Accountant & an Experienced Accountant are available within our firm.

Australian Financial Planning Newsletter

In this issue: Do happier people live longer? Do the super changes affect me? Aged care - not that easy!

The useful, free ATO app - myDeductions

The free ATO app myDeductions is useful for individuals and sole traders. Individuals can save time and keep their tax deductions organised. For sole traders, it's a record-keeping tool they can use to keep track of their income and expenses.

Coffs City Rotary Club supports cancer patients with technology

Coffs Harbour City Rotary Club has donated a small piece of equipment that will make a big difference to the Mid North Coast Cancer Institute (MNCCI).

Taxable payments annual report due 28 August

A reminder for those of you in the building and construction industry that paid contractors in 2015-16, your Taxable payments annual report is due 28 August 2016.

Tax Office cracks down on sharing economy

The ATO are starting to crack down on the $500 million sharing economy that allow hundreds of thousands of Australians to cash in on their spare rooms and parking spaces, lend their cars and drive people around town. Follow the attached 5 rules to ensure you declare every cent;

The Australian Taxation Office is warning everyone to be on the lookout as scammers experiment with new techniques

IT’S tax time, which means the scammers are out in force. The Australian Taxation Office is warning everyone to be on the lookout as scammers experiment with new techniques.

Chau & Hennessy
Professional Accountants

Ph: 02 6652 2999


ABN: 69 055 755 621

Liability limited by a scheme approved under Professional Standards Legislation.

Postal Address

PO Box 4042

Coffs Harbour Jetty NSW 2450


Street Address

Suite 2, 12-14 Edgar Street

Coffs Harbour Jetty NSW 2450