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insights
Stay informed with practical insights, expert tax advice and financial strategies designed to help your business grow with confidence.
Getting paid on time when your customers’ wallets are shrinking
With the Reserve Bank of Australia putting interest rates up again for the fourth time this year, plenty of households and businesses are feeling the squeeze. Higher loan repayments and rising costs leave less money available to cover other expenses. When that...
Family trust tax changes: the 30% minimum tax explained
If you run your business or investments through a family trust, it’s important to understand some proposed changes to how trust income is taxed. As part of the 2026–27 Federal Budget, from 1 July 2028, the Australian Government plans to introduce a minimum 30% tax on...
Payday Super, three months in – the mistakes we’re seeing
Since 1 July 2026, super is no longer something you deal with once a quarter. Under Payday Super, employers must make sure each employee’s super reaches their fund within 7 business days of payday. In our last article “Payday Super is coming,” we broke down what the...
What does your business need to earn just to stand still?
Understanding your breakeven point Most business owners can tell you what they turned over last year. Far fewer can tell you what they need to turn over next month before they can start making a profit – and even fewer know how that number changes throughout the year....
Your BAS payable or refundable – what it’s really telling you
This article is for businesses registered for GST. Registration is compulsory once your GST turnover reaches $75,000 ($150,000 for not-for-profits, and from the first dollar if you drive taxi or rideshare), and voluntary below that. If you're not registered, you don't...
You can now make online bill payments straight out of Xero
Xero has switched on online bill payments for Australian businesses, making it possible to manage the payment process without leaving your accounting software. “Most businesses don’t need a faster way to pay bills. What they need is a clear record of who prepared a...
Plan ahead while last financial year is still fresh
Could one hour reviewing last financial year's performance save you thousands more over the next 12 months? With another financial year behind you, now is the best time to take stock, while the details of how your business performed are still fresh. The decisions that...
2026–27 Federal Budget: What it means for you
On 12 May 2026, the Federal Government handed down its 2026–27 Budget. It includes some of the biggest tax changes in over 25 years. There are changes that affect businesses, investors, and individuals. We've broken it down into plain English below. The Federal Budget...
Tax planning for business owners: it’s not about June – it’s about how you run your business
Most business owners think about tax at one point in the year – usually when June is approaching or when their accountant asks for information. By then, the reality is simple: most of the decisions that impact your tax position have already been made. Tax isn’t...
GST for small business – Why it shouldn’t be costing you money
For many small business owners, GST is something that gets added on at the end – or worse, something that gets absorbed into pricing without much thought. That’s where problems start. While not every business is registered for GST – and some operate below the...
Payday super is coming – Here’s what business owners need to do now
For many business owners, superannuation has traditionally been something handled in the background – processed quarterly and reviewed occasionally. That’s about to change. The move toward “payday super” will require super to be paid at the same time as wages,...
The benefits of cloud accounting for small business
Why more businesses are moving to cloud accounting For many business owners, accounting systems are something you set up once and don’t think about again. But over time, this approach can create blind spots. The shift to cloud accounting has changed how businesses...