Trump’s tariffs: what they mean if you export to the USA
If you’re a small business that exports to the USA, these tariffs are more than just a political talking point – they’re a very real and tangible change to your export costs. So, what can you do to minimise the impact of these tariffs on your bottom line? Why is President Trump introducing these trade […]
Why Discretionary Trusts must prepare a Distribution Minute before 30 June 2025
If you operate a discretionary trust, it’s essential that a valid Trust Distribution Minute is prepared and signed on or before 30 June 2025. This isn’t just an administrative task — it’s a critical legal requirement with serious tax consequences if overlooked. What Is a Trust Distribution Minute? A Trust Distribution Minute is a formal […]
Meet JAX: Xero’s new AI assistant for small businesses
Xero has officially launched JAX (Just Ask Xero) — a new AI-powered assistant designed to help small businesses and their advisors find answers faster and navigate the Xero platform more confidently. Whether you’re checking up on overdue invoices, trying to understand your cash flow, or looking for help using certain features in Xero, JAX is […]
Why accurate ASIC records matter more than ever
Ensuring the accuracy and consistency of your personal details in the Australian Securities and Investments Commission (ASIC) records is not just a matter of compliance — it’s essential for the smooth operation and credibility of your company. Discrepancies in information such as your name, residential and business addresses, place of birth, and date of birth […]
Why more employers are choosing electric vehicles in 2025
The shift to electric vehicles (EVs) in Australia is no longer just about sustainability — it’s also about smart business. With rising fuel prices, environmental targets, and changing expectations from employees, companies are looking for cost-effective ways to modernise their vehicle offerings. One of the most compelling incentives? The Fringe Benefits Tax (FBT) exemption for […]
Is Your Business On the ATO’s Radar? Understanding Benchmarks and Staying Compliant
The ATO has stepped up its efforts to crack down on the shadow economy and detect underreporting of income or inflated deductions. If you’re a small business owner, it’s more important than ever to understand how your figures compare to others in your industry. One of the tools the ATO uses to assess whether your […]
From Spreadsheet to System: Why It’s Time to Break Up with Excel
We get it—spreadsheets are the comfort food of small businesses. They’re familiar, dependable, and always there for you when you need to whip up a quick formula. But while spreadsheets may have helped you get your business off the ground, they might be holding you back from reaching new heights. It’s time to leave the […]
Getting help with your small business debt
Are you struggling with debt? It’s a real worry when debt levels are on the up, but cashflow levels are heading down. We know the stress, uncertainty and pressure you can feel as the business owner. But it’s not all bad news. There are ways to overcome the debt and get things back on track. […]
Why Registering for FBT Matters: The Benefits of a Limited Audit Period
Fringe Benefits Tax (FBT) is often overlooked by businesses that provide benefits to employees outside of their salary. However, one of the most compelling reasons to register for FBT—even if your liability is minimal—is the significantly shorter audit period for registered businesses. Understanding this can save you from unexpected scrutiny and potential penalties down the […]
NEWS: The ATO’s latest small business hit list: what you need to know
The Australian Taxation Office (ATO) has once again outlined its focus areas for small business compliance, giving more than 2.5 million small businesses across the country a heads-up on where enforcement activities will be ramping up. While most small businesses are doing the right thing, the ATO is cracking down on those who are incorrectly […]
