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. […]
What you need to do to keep your SMSF property compliant?
Many business owners on the Sunshine Coast invest in commercial property within their self managed super fund (SMSF). This can be a great strategy to optimise your tax position and fund your retirement. While this may sound straightforward at first, it’s important to understand what you’ll need to do to keep your SMSF property compliant […]
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 […]
What tax can Grey Nomads claim while on the road?
If you’re following your dream of living the grey nomad life, here are our top tax tips of what you can claim while on the road. We understand that you’ve clocked off from the 9-to-5 while you’re chasing the sun, but don’t let your finances wander off the beaten track too. Whether you’ve retired, running […]
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 […]
How to Optimise Your Superannuation: Recontribution Strategy
Whether you’re a Sunshine Coast business owner with your own Self Managed Super Fund (SMSF) or an industry super fund, recontribution strategies can be a game-changer for your retirement savings. They can help deliver tax benefits for you and for financially independent children who are set to inherit your super. Explore what superannuation recontribution strategies […]
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 […]
Should My SMSF Have a Corporate or Individual Trustee?
Legally, SMSFs are a special type of entity called a “trust”. In its simplest form, a trust is just a structure where one party (called the “trustee”) holds assets on behalf of someone else. When it comes to self managed super funds, there are special rules about who can be the trustee and it starts […]
Navigating Childcare Subsidies: Optimising Family Financial Support
Eat, sleep, childcare, work, repeat – is that not how the saying goes? At ABA we know first hand how hard it is to juggle running a business on the Sunshine Coast and raising a family. Thankfully, the government offers a range of childcare subsidies to lighten the financial load, but do you know how […]