6 pricing strategies to boost revenue
A good pricing strategy is the foundation of any successful business. Not only can effective pricing build your customer base, but it can also build brand awareness while increasing your revenue. That said, there are lots of different pricing strategies out there, so choosing the right one(s) for your business is critical. Here six you […]
How much should you pay yourself?
Being the boss means you get to make all the big decisions about your business – including how much to pay yourself in wages, salary or drawings. As the owner, you might need to underpay yourself in the early stages of building your business, so you can reinvest the profits. But your time is valuable […]
Loss carry back rules reintroduced
At the Federal Budget in May 2026, the Government announced that it would reintroduce a loss carry back tax offset for companies, providing a crucial buffer to any business facing difficult trading conditions. How the rules work Typically, company tax losses have only been able to be carried forward and deducted against income derived in […]
Get ready for surcharge removal
From 1 October 2026, businesses will no longer be able to apply a surcharge to debit, prepaid and credit card payments on designated eftpos, Mastercard and Visa networks. This is a significant shift, not only for consumers, but also business owners, who only have a couple of weeks to prepare for this change. Surcharging explained […]
When was the last time you reviewed your business spending?
In the current economic climate, covering your operational costs and overheads can be a major challenge. Higher running costs are affecting all businesses, from large down to small. In Australia, a recent survey from Prospa shows that nearly half (46%) of SMEs have raised prices over the past three months to offset rising costs. And […]
Benchmarking your business against competitors
No business exists in a vacuum. Whatever sector or industry group you trade in, you’ll be surrounded by competitors, established industry leaders and upcoming challengers. Benchmarking is one way to understand how well your business performance compares against these close competitors, and what the wider-reaching challenges are within your industry. But how does benchmarking work? […]
TPAR Reminder: Is your business required to lodge a Taxable Payments Annual Report?
As we move through the new financial year, it’s a good time for businesses to review their reporting obligations with the Australian Taxation Office (ATO). One obligation that is often overlooked is the Taxable Payments Annual Report (TPAR). If your business engages contractors in certain industries, you may be required to lodge a TPAR each […]
Push for major banking and ATO change to combat billions in fraudulent mortgage loans
Artificial intelligence is changing the way we work, communicate, and do business. Unfortunately, it is also making it easier for fraudsters to create convincing fake documents. Australia’s major banks are now calling for secure, consent-based access to income information held by the Australian Taxation Office (ATO) as concerns grow over fraudulent loan applications supported by […]
Your FBT obligations are almost due – why lodging matters
As the Fringe Benefits Tax (FBT) lodgement deadline approaches, it’s a point in the compliance cycle that often doesn’t receive the same attention as income tax – yet it carries its own set of risks if overlooked or misunderstood. For many businesses, the question isn’t just whether FBT applies, but whether the position taken has […]
Division 296 – does it affect you?
From 1 July 2026, a new tax (Division 296) will be introduced to reduce concessional tax rates on superannuation earnings above $3 million. But how does Division 296 work, and are you affected? What is Division 296? Currently, income earned on superannuation balances is generally taxed at a headline rate of up to 15%. However, […]