An accountant that is preparing tax returns. Accounting and tax return documents, pages and calculators. An elderly couple planning with their superannuation funds. A business man working on his investment property in Gordon.

Small Business

Almost all large businesses commenced at some time as a small business. Small Business is generally defined in Australia as being a business with turnover less than $2million. Small businesses receive tax concessions not available to other businesses. This includes:

  • The ability to report on a cash basis rather than complex accrual methods
  • Attractive depreciation deductions
  • Generous capital gains tax concessions for later disposal of the business.

Small business client generally require guidance and advice from time to time on minor matters which they consider important. We welcome your enquiries at all times.

When starting or buying a business or franchise, the wrong advice can be very costly.

There are numerous issues to consider and we endeavour to make sure all our business clients are structured correctly for taxation purposes taking into account financial and legal considerations.

Managing a SMALL BUSINESS

  1. Correct structure - Sole trader, Partnership, Trust or Company.
  2. Correct Registrations - Income Tax, ABN, GST, Pay As You Go Withholding, FBT etc
  3. Correct Insurances - Workers Compensation, Public Liability & other
  4. Business Name - Registration of any trading names other than company name
  5. Review of Tax Issues - Any tax issues specific to your business.
  6. Employment issues
  7. Bookkeeping & records
  8. Lodgement support
  9. Annual Reporting and Tax

Starting/Selling-

  • Business structuring
  • Valuing a business
  • Review of your existing business structure
  • Finance requirements
  • Registrations
  • Software Selection

Businesses Financial Options

  • Planning equipment/vehicle purchases
  • Government assistance, subsidies and grants, including R & D grants, export incentives etc.
  • Re-financing
  • We can refer you to specialists in dealing with creditors, business reconstructions and voluntary administrations
  • We have a network of specialist advisors who can assist in all related tax and financial matters.

Latest Accounting News

  • ‘Results in paying more tax’: ATO warns Australians against early super access

    The Tax Office is warning Australians against accessing their superannuation early for expenses related to inconsequential matters, events or items.

  • Employee or Contractor ?

    Before expanding your team, ensure your business can support the new role financially and operationally. Focus on hiring individuals who are adaptable and share your company’s values to foster a cohesive and resilient team. Establish clear onboarding processes and provide ongoing support to integrate new hires effectively.

  • Inherited assets: what you need to know about pre-CGT v post-CGT investments

    Inheriting assets, whether it’s a family home, shares, or an investment property, can offer significant financial benefits, but it often comes with unexpected challenges. 

  • WHS and OHS Regulatory Update: August 2025

    Officers have an ongoing duty to ensure their organisations remain compliant and stay informed about work health and safety matters. This update covers recent developments to help officers meet their obligations and stay current with WHS changes. 

Tax Specialists

We specialize in providing proactive tax planning strategies for our clients. High earning individuals and business clients can benefit by speaking to one of our tax advisors.

Bookkeeping

Good, fundamental book keeping will ensure that your accounts are up to date and give you proper control of your business. With over 85% of business failure attributed to poor financial control, skilled and professional bookkeeping will give you results that speak for themselves.

Superannuation Planning

Taking the time to plan for your future makes good financial sense. Ensure you have the money to live the lifestyle you'd like during your retirement.

Investment Properties

Preparation of negative gearing tax schedules for all investment properties. Including Depreciation Calculations and Special Building Write offs.