Payday Super: 6 things every business owner needs to know before 1 July 2026
If you employ staff, one of the biggest changes to hit your business in years is coming on 1 July 2026. It’s called Payday Super, and it fundamentally changes how and when you pay superannuation. Under the current system, you have until 28 days after the end of each quarter to pay your employees’ super. […]
How can a self managed super fund pay my business rent?
Sunshine Coast business owners tell us that the rising cost of rent is quickly eating into their profits. We understand that you can’t manage without your premises. But what if that rent could fund your retirement instead? Owning your commercial property through a self managed super fund (SMSF) can be a game-changer. Although you’d still […]
How to make TPAR Reporting Easier
If your business pays contractors for certain services, you may be required to lodge a TPAR (Taxable Payments Annual Report) with the ATO. We’ll guide you through the details and give you tips that will streamline your TPAR process, save you time, and help you avoid penalties. What is TPAR? Most small businesses on the […]
Optimise Your Tax Deduction with a Property Depreciation Schedule
Many of the Sunshine Coast business owners we work with are surprised to learn just how much they can claim back through depreciation on their residential or commercial investment properties. Especially when they’ve renovated or purchased newer builds. But to tap into these benefits you need to have a professional prepare a property depreciation schedule. […]
Tax Planning tips for Small Businesses on the Sunshine Coast
Here at ABA Advice Beyond Accounting we know how hard you’ve had to work to build a small business on the Sunshine Coast. And how challenging it can be to stay on top of managing finances and changing tax laws. So, we’ve put together a list of practical tips to help you with your tax […]
Making Waves: What Accounting and Surf Lifeboat Teams Have in Common
Most business owners would say accounting and surf lifeboat rowing are worlds apart; one is about analysing and balancing numbers, and the other is about stamina and saving lives. We’d like to offer a different perspective. Accounting and surf lifeboat rowing Before anyone can dip an oar into the water as a surf boat rower, […]
Essential Tips for Negotiating ATO Payment Plans Successfully
We’ve put together some essential tips for negotiating ATO payments successfully because the ATO continues to crack down on collecting tax debt. We understand that these negotiations can be daunting. However, taking the right approach and ensuring you are well prepared means you can successfully negotiate a plan that works for your Sunshine Coast business. […]
Understanding the New Super Tax: What You Need to Know
The Australian Government has proposed a new super tax for individuals whose Total Superannuation Balance (TSB) is over $3 million. This tax is proposed to apply from 1 July 2025 (for the 2026 financial year) and be first assessed as at 30 June 2026. It would apply a 30% tax rate on the earnings attributable […]
Retire Early Like Bill and Jennifer: Proven Strategies Revealed
Discover how Bill and Jennifer* retired three years ahead of schedule using proven strategies in financial planning. Planning for retirement can be complex, especially when navigating different assets and structures to optimise your ideal retirement outcome. This case study shows how Bill and Jennifer, a Sunshine Coast couple in their late 50s, used strategic financial […]
Q1 Financial Review: Proven Accounting Advice for Business Growth
The completion of the first quarter of your financial year is an important time to assess your Sunshine Coast business’s performance and make strategic adjustments. Evaluating this period and acting now can help you address challenges early and make improvements to ensure you meet your annual goals. Here are some key elements of your strategic […]