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The start of a new financial year brings fresh opportunities, but also important regulatory changes that business owners must prepare for. Beginning 1 July 2025, a number of significant reforms will take effect that may directly impact your operations, payroll, and long-term financial planning. Here are the top changes small businesses need to know. Superannuation … Read more

As a business owner in Australia, understanding and efficiently managing your Business Activity Statement (BAS) obligations is crucial for maintaining compliance and ensuring the smooth operation of your enterprise. The Australian Taxation Office (ATO) provides several tips to assist businesses in preparing and lodging their BAS accurately, particularly concerning Goods and Services Tax (GST) reporting. … Read more

The cost of living has eased over the past year but consumers are still under pressure. For business, planning is the key to managing Christmas volatility. The countdown to Christmas is on and we’re in the midst of a headlong rush to maximise any remaining opportunities before the Christmas lull. Busy period or not, Christmas … Read more

‘Payday super’ will overhaul the way in which superannuation guarantee is administered. We look at the first details and the impending obligations on employers. From 1 July 2026, employers will be obligated to pay superannuation guarantee (SG) on behalf of their employees on the same day as salary and wages instead of the current quarterly … Read more

Understanding and managing cash flow is crucial for the success of any small business. It’s more than just the money in your bank account; it’s about planning for future cash inflows and outflows to ensure you have the resources to keep your business running smoothly. Many profitable businesses still struggle to pay their bills because … Read more

For many small business owners, their business is their largest asset and for many, one that is expected to help fund their retirement. But what is your business really worth and what sets a high value business apart? Every business owner is naturally curious about just how much their business is worth. However, for every business … Read more

From 1 July 2024, the amount you can contribute to super will increase. We show you how to take advantage of the change. The amount you can contribute to superannuation will increase on 1 July 2024 from $27,500 to $30,000 for concessional super contributions and from $110,000 to $120,000 for non-concessional contributions. The contribution caps … Read more

Discover our top strategies to steer clear of gifting the Australian Tax Office an unexpected bonus this holiday season. 1. Keep team gifts spontaneous $300 is the minor benefit threshold for FBT so anything at or above this level will mean that your Christmas generosity will result in a gift to the ATO at a … Read more

As a business owner one of the perks is the ability to claim tax deductions for expenses related to motor vehicles used in your business operations. This includes cars and certain other vehicles that play a role in running your business smoothly. The good news is that claiming motor vehicle expenses can help reduce your … Read more

What is the end game for your business? Succession is not just a topic for a TV series or billionaire families, it’s about successfully transitioning your business and maximising its capital value for you, the owners. When it comes to generational succession of a family business, there are a few important aspects: Succession of the … Read more