Tag: Tax

Updating Your Business Plan – A Reset, Refresh & Restart In The New Financial Year

Written on June 10, 2025. Posted in Blog.

A new financial year is more than just ticking compliance boxes—it’s a strategic opportunity to reflect, reset, and reposition your business for the year ahead. One of the most valuable tools you can leverage during this time is an up-to-date business plan.

While many businesses set a plan when starting out, it’s easy to let it sit on the shelf untouched. However, market conditions, customer behaviour, economic forecasts, and business priorities can shift significantly from year to year. Reviewing and updating your business plan annually ensures you stay agile, focused, and ready to tackle upcoming challenges and opportunities.

Super Tips for Sole Traders and Partnerships Before EOFY

Written on June 2, 2025. Posted in Blog.

If you’re self-employed—whether you run your own business as a sole trader or operate within a partnership – you’re probably used to wearing many hats.

From managing clients and keeping up with invoices to handling tax obligations, the to-do list never seems to end. But as we approach the end of the financial year (EOFY), one important thing that’s easy to overlook is your superannuation.

Tax Concerns When Managing an NDIS Budget

Written on May 26, 2025. Posted in Blog.

Self-managing your National Disability Insurance Scheme (NDIS) budget can give you more control and flexibility.

However, it also comes with important tax responsibilities – especially if you’re hiring support workers directly or receiving NDIS funding as a participant, nominee, or plan manager.

Carrying Forward Contributions Before The EOFY

Written on May 12, 2025. Posted in Blog.

As we approach the end of the financial year, it’s a great time to review your superannuation strategy – especially if you haven’t used up your concessional (pre-tax) contribution caps in recent years.

Thanks to the ATO’s carry-forward contributions rule, you may be able to boost your super and gain a tax advantage by topping up before 30 June.

Proactive Tax Planning Starts With You

Written on May 6, 2025. Posted in Blog.

As the end of the financial year (EOFY) approaches, it’s time to get your business records in order and ensure everything is ready for tax time.

EOFY can feel overwhelming, but with a bit of preparation and guidance, you can wrap things up smoothly and even find opportunities to strengthen your financial position for the year ahead.

The Instant Asset Write-Off: A Small Business Tax Perk Worth Knowing About

Written on April 15, 2025. Posted in Blog.

If you’re running a small business in Australia, you’ve probably heard the term “instant asset write-off” tossed around—especially come tax time, and more recently in the news.