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About Geoff Gartly

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So far Geoff Gartly has created 96 blog entries.

Accountant help – why we are an investment

By |2025-10-10T15:27:52+11:0010/10/2025|Categories: Blog, Business growth, small business|Tags: , |

Is my Accountant help a Cost or an Investment to My Small Business? Your accountant could be one of your best investments when it comes to business advice. Advice such as sales, business growth, and exit planning? While the perception is that Accountants are just there for tax and compliance at Gartly Advisory, we are so much more . As your small business accountant, we passionately help our clients with advice on many aspects of their business.The Common Perception: Accountants is a Cost that needs to be incurred, but not much valueMany business owners see accountants as a necessary compliance [...] READ MORE

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GST and Small Business Exporting: What Small Manufacturers Need to Know

By |2025-10-09T13:56:34+11:0009/10/2025|Categories: Blog, Business growth|Tags: , , |

Expand your small business exporting sales . If you’re a small manufacturer looking to grow beyond Australia, exporting overseas can open up a world of opportunity. But before you start filling overseas orders, it’s worth getting clear on one important thing — how GST works when you export. The Good News — Exports Are Usually GST-Free When you, as a small business exporter and developing a small business exporting sales strategy, these export goods out of Australia, are generally GST-free. That means you don’t charge GST to your overseas customers when you make the sale, as long as the [...] READ MORE

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Transitioning from builder to property developer

By |2025-10-10T11:18:26+11:0029/09/2025|Categories: Blog, Business growth, Trade & construction|Tags: , , , , , |

If you're a small builder looking to transition from Builder working on client projects to the more lucrative world of property development, particularly townhouse projects, then we are here to help. Let's explore crucial strategies for managing costs, navigating GST, and ensuring your business thrives, not just survives as you decide to transition to property development. While demand for townhouses remains steady, rising costs, complex regulations, and fierce competition for high-quality land continue to squeeze profit margins. Over the years many builders decide its time to make their own homes and enjoy the potential profits housing developments can bring. [...] READ MORE

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Divorce accountant: helping you to ensure your tax position is right

By |2025-09-26T19:03:27+10:0015/09/2025|Categories: Dispute management, Estate Planning, News for you|Tags: , |

As a Divorce Accountant, we aim to help you get a fair and equitable deal as you work through an emotional time. What You Need to Know When It All Splits Up Divorce and taxes are neither fun nor part of life's matters. With at least one in three marriages ending in divorce — and countless more de facto relationships breaking down — the capital gains tax (CGT) roll-over provisions for relationship breakdowns have become increasingly relevant for Australians navigating separation. At Gartly Advisory, we specialise as Divorce Accountants and help clients navigate divorce tax and business implications of separating [...] READ MORE

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Putting Your Home in a Trust

By |2025-09-14T09:24:36+10:0014/09/2025|Categories: Blog, CGT, Dispute management, Taxation|Tags: , |

 One asset protection strategy that is often considered is putting your home in a trust.  While this may offer some asset protection benefits, it also comes with significant tax consequences, particularly the loss of the Capital Gains Tax (CGT) principal residence exemption. Before you transfer your most valuable asset into a legal structure such as a company or trust, here’s what you need to know about how family trusts work, when they do and don’t protect your home, and why CGT issues can often outweigh the protection benefits.  What Is a Family Trust and How Does It Offer Asset Protection? [...] READ MORE

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Buying a Franchise?

By |2025-10-11T13:01:57+11:0031/08/2025|Categories: Blog, Business growth, franchise, Services accounting for small business, small business|

Thinking about buying a franchise? Before you get to enthused over that shiny logo or start dreaming of matching polos with your name embroidered on them, hit pause and ask the most important question of all: Why do I want to buy a franchise? Owning a franchise isn’t for everyone—and it certainly isn’t a shortcut to freedom, riches, or four-day workweeks. But for the right person, with the right system, it can be a launchpad to a profitable and rewarding business journey. We have many clients who have owned franchises and done very well . Let’s explore what you need [...] READ MORE

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Tuning Your Small Business Strategy to be like an F1 Machine

By |2025-09-08T10:17:30+10:0002/07/2025|Categories: Blog, Business growth|Tags: , , , , |

Your small business strategy should be - Ready, Set, grow: Start the New Financial Year Like a Pro! July 1 isn't just the start of a new financial year — it’s your fresh start, your green light, your moment on the grid. This is your chance to shake off last year’s engine rattle and tune your business into a lean, mean, revenue-generating machine. Think of yourself as the team principal of your very own Formula 1 outfit. (Or better yet, Brad Pitt in that upcoming F1 movie — calm under pressure, stylish, and slightly dangerous) Here are 5 turbocharged [...] READ MORE

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Don’t let Trump’s tariffs ruin your business

By |2025-06-05T09:17:07+10:0004/06/2025|Categories: Blog, News for you, small business|

Trumps Tarriffs are making big waves in 2025 Just when you thought 2025 couldn’t get any weirder—Donald Trump is back in the White House. Again. Armed with a fresh spray tan and a tariff plan almost as big as his ego he's dropped the economic equivalent of a brick into the global swimming pool. And while the cannonball was aimed at China, the splash could hit your Aussie small business just as we already have high interest rates and high living costs. So, should you panic? Maybe just a little but be strategic You should get smart, review your numbers, [...] READ MORE

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Ormond Small Business

By |2025-06-04T06:05:42+10:0004/06/2025|Categories: Blog, Business growth|

Ormond Small business is the hub of our town, nestled just 12 kilometers southeast of Melbourne's CBD, Ormond is a vibrant suburb that seamlessly blends residential charm with a thriving Ormond small business community. With its rich history, diverse enterprises, and strong community spirit, Ormond offers a unique landscape for small business and locals alike. A Snapshot of Ormond Situated within the City of Glen Eira, Ormond is home to approximately 8,328 residents. The suburb boasts a mix of architectural styles, from Victorian and Edwardian homes to modern developments, reflecting its evolution over time. Key amenities include the Ormond railway [...] READ MORE

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Divorce and my business :Protecting Your Small Business During Divorce

By |2025-09-26T17:03:05+10:0025/05/2025|Categories: Blog, Dispute management, Estate Planning, Exit Planning|Tags: , , |

Divorce and my business are the number one questions that we often get asked. What happens, and how can we manage the damage when going through a divorce? We are here to help, as divorce can be hard, emotional and full of financial traps. When your ex-partner is also tied into your small business, the financial and emotional toll can be overwhelming. At Gartly Advisory, we understand that the end of a relationship isn’t just personal—it’s business. And it's where you may have questions on how divorce and my business will end up. Whether your partner was a co-owner, silent [...] READ MORE

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Why You Need to Pay Yourself a Wage as a Business Owner

By |2025-10-09T15:31:41+11:0008/05/2025|Categories: Blog, small business, Super, Taxation|Tags: , , |

For small business owners, wages and having an understanding of how to pay themselves are critical to maintaining both personal financial stability and the long-term health of the business. Determining an appropriate wage involves balancing profitability, cash flow, and tax efficiency while ensuring the owner is fairly compensated for their time and effort. Many small business owners struggle with whether to take a salary, drawings, or dividends, each of which has different implications for tax and business sustainability. A well-structured owner’s wage strategy can also improve superannuation contributions and support future wealth planning. As a new business owner, you’re [...] READ MORE

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ATO interest charges

By |2025-04-05T17:06:50+11:0005/04/2025|Categories: Blog, small business, Taxation|Tags: , |

Soon, you will no longer be able to claim ATO interest charges. Navigating the Australian Taxation Office's (ATO) penalty and interest remission policies has become more challenging due to recent updates in their guidelines and policy being adhered to by the new ATO Commissioner. This will add substantially to the cost of the DEBT!Taxpayers seeking relief from penalties and ATO interest charges must now adhere strictly to the conditions outlined by the ATO Understanding ATO Interest Charges The ATO imposes interest charges to encourage timely tax payments and to ensure fairness among taxpayers. The primary types of interest charges include:- [...] READ MORE

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Don’t Stop Marketing When Business is Okay

By |2025-09-24T10:43:36+10:0031/03/2025|Categories: Blog|

Marketing, keep it coming .It’s a common trap for small business owners: things are going well, the phones are ringing, orders are coming in, and your schedule is booked out for weeks. So, you pause your marketing efforts—after all, you don’t need more customers right now, right? Wrong! The truth is that consistent marketing is not something you should only focus on during the quiet times. In fact, stopping your marketing when business is good is one of the fastest ways to hit a dry patch later. The most successful businesses understand that marketing is not just a fix for [...] READ MORE

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Tracking Sales Performance for Your Small Business

By |2025-03-26T10:00:36+11:0026/03/2025|Categories: Blog, Business growth|Tags: , , |

Every small business should take time each month to celebrate revenue growth and sales performance. It's more than a feel-good moment—acknowledging your progress is a key part of building a long-term growth strategy. If you want to be among the top-performing small businesses in your industry, you need to be actively involved in monitoring and driving sales growth. This means not just looking at your bank balance at the end of the month but digging into the data behind your revenue—what's working, what isn't, and where you can improve. Surprisingly, many small business owners don't know their exact sales performance [...] READ MORE

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Our Guide to Managing a Deceased Estate Tax Return

By |2025-09-02T22:55:30+10:0017/03/2025|Categories: Blog, Estate Planning, Taxation|Tags: , , |

Lodging a final Deceased Estate Tax Return is one of the important things to do when managing someone's final affairs. Dealing with the loss of a loved one is a deeply emotional and challenging time. Beyond grief and sorrow, there are often a number of administrative tasks to navigate. One of these tasks is managing the deceased person's tax return. It's a task that can seem daunting, especially if you're unfamiliar with the tax system. However, understanding the process can make it less overwhelming. We, as Accountants who specialise in this area, can help.In the Australian context, the taxation obligations [...] READ MORE

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Does your business team functions like a F1 racing team!

By |2025-03-26T10:03:52+11:0016/03/2025|Categories: Blog, Business growth, Services accounting for small business|Tags: |

The Importance of Teamwork in Formula 1 and How It Can Propel Your Business to Success In the high-stakes world of Formula 1, the fusion of speed, precision, and strategy is not just about pushing a car to its limits but orchestrating a team towards victory over a whole race season . This same ethos of teamwork is critical in running a successful business. Here’s how the collaborative spirit of Formula 1 can inspire your small business team to chase a championship of its own—a prosperous and profitable year. The Symbiotic Relationship Between Driver and Team In Formula 1, [...] READ MORE

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How To Maximise Profit for Your Business

By |2025-08-28T08:14:49+10:0007/03/2025|Categories: Blog, Business growth|Tags: , , |

To maximise profit is not that hard. It would be best if you focused on a few changes in your business. Running a business allows your creativity to thrive. You are in charge and can make decisions that push you out of your comfort zone. Making a profit is one of the most important business operations.One of the best profit leavers is to increase Gross Margin. Look at how your Gross Profit looks . This is Sales less direct costs to provide the product or service. Lets explore Sale 1 - $1000 . - less product cost of say [...] READ MORE

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Product development and keeping your products or service new

By |2025-03-05T10:03:25+11:0005/03/2025|Categories: Blog, Business growth|Tags: |

  Product development and growth are essential for any business. A product in your business has a lifecycle and a potential use-by date. Keeping it vibrant in the market requires continuous effort, creativity, and passion. Take a moment to evaluate your products; have they been around for a while? As the years go by, even the most popular items you have been selling can lose their sparkle and appeal. That's why it's essential for small business owners to rejuvenate their product offerings bi-annually. My father was the accountant for Hills Industries, and I, too, worked there as a student, [...] READ MORE

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Paying a Dividend from my company or Keep the Profits ?

By |2025-09-08T10:15:19+10:0001/03/2025|Categories: Blog, Business growth, Services accounting for small business|Tags: , , |

‍Paying a dividend from my company is one of the most important decisions you'll have to make is what to do with your profits. Should you pay a dividend to yourself as the business owner, or reinvest the money back into the company or both? It's a question that many business owners struggle with, and there's no one-size-fits-all answer. We argue that paying a dividend is an effective way to reward shareholders. Others believe that reinvesting profits is the key to long-term growth and success. In this article, we'll explore the pros and cons of both options, so you can [...] READ MORE

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Superannuation Contributions and deadlines

By |2025-02-21T11:35:42+11:0021/02/2025|Categories: Blog|

It is important to understand the timing of superannuation contributions and when and how they are recorded in the Fund. One of the most common ways an SMSF grows its capital is through contributions made by its members. As you age, fund members focus more on boosting super as this attractive investment vehicle is built and established for your retirement. These contributions can be in contributed by cash, electronic transfers, or other financial instruments. Understanding when a contribution is considered to be made is essential for SMSF trustees to ensure compliance with superannuation laws and tax obligations. This is especially [...] READ MORE

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Transferring XRP to your SMSF

By |2025-01-23T07:54:28+11:0023/01/2025|Categories: Blog, SMSF|Tags: , , |

With Trump's era now in full swing, crypto  such as XRP is enjoying growth. We have had a few queries lately about moving the client's crypto from their own name into a family trust or SMSFTransferring cryptocurrency, such as XRP, into your Self-Managed Super Fund (SMSF) can be a strategic way to align your digital assets with your retirement goals and manage capital gains. However, it requires careful compliance with Australian Taxation Office (ATO) regulations and documentation. Here's how to approach the process in a compliant and seamless manner.The first step is to ensure that your SMSF’s trust deed allows [...] READ MORE

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Running a B n b using Your SMSF

By |2025-01-08T16:39:24+11:0008/01/2025|Categories: Blog, Estate Planning, small business, SMSF, Trade & construction|

Many ask if it is possible running a B n B using your SMSF? The allure of a coastal property. The sound of waves crashing, stunning sunsets, and the potential for lucrative rental income and capital growth. These are all good reasons to invest in coastal real estate. If you have a Self-Managed Super Fund (SMSF), you might wonder whether such an investment could fit within your retirement strategy. The short answer is yes, but with a few critical hurdles to navigate. The Vision vs. The Rules Picture this: a charming beach house listed as an Air BnB, earning a [...] READ MORE

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Carry Forward Concessional Contributions Tax Planning Strategies for 2025

By |2024-12-31T10:20:16+11:0031/12/2024|Categories: Estate Planning, Services accounting for small business, SMSF, Taxation|Tags: , |

Carry Forward Concessional Contributions can assist in your tax planning strategy for 2025 . As a small business owner, navigating the tax landscape can save money and help you grow your financial future. One area worth exploring is carry-forward concessional contributions. This tax strategy enables you to boost your retirement savings while potentially reducing your tax liability, especially for those in their 50s who have not had sufficient cash flow to contribute in the past. We also use the strategy for those one of big tax bills, such as capital gains, that can sometimes help dilute your tax bill. What [...] READ MORE

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Investing in Cryptocurrency by my SMSF

By |2024-12-07T12:35:51+11:0007/12/2024|Categories: Blog, Estate Planning, SMSF|Tags: , , , , |

Investing in Cryptocurrency by my SMSF is becoming an attractive option for many. With the growing interest in cryptocurrency as an asset class, many SMSF (Self-Managed Superannuation Fund) trustees are exploring the potential of digital currencies like Bitcoin and Ethereum to diversify their portfolios. While Crypto can be an exciting investment, managing it within an SMSF has unique challenges and compliance requirements. Cryptocurrency investments in an SMSF environment raise issues such as trust deed considerations, compliance, storage methods like cold wallets, and how to sell crypto assets effectively. Whether you're just starting or looking to refine your approach, these insights [...] READ MORE

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Can I run my business as a partnership

By |2025-09-30T19:25:03+10:0018/11/2024|Categories: Blog, Taxation|Tags: , , |

Running a business as a Partnership or as a sole trader, you need to tread carefully. These simple entities are popular, as they are easy to set up. They are also simple to manage and have fewer complications than a company or a family trust, making reporting easy to prepare. However, partnerships are most suited to businesses operated by family members, individuals or those working on a small scale. Partners in crime - mates don't always make good business partners It's worth noting that a partnership can be formed between individuals, trusts, or companies. A sole trader is just you. [...] READ MORE

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Geoff Gartly, Chartered Accountant, SMSF specialist, Business Exit Planner and Certified Business Valuebuilder Advisor, has over 35 Years of experience working with large and small businesses in accounting.

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|  Privacy Policy & Website terms and conditions
| Complaints Policy |  Financial Services Guide

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