Geoff Gartly CA SMSF

About Geoff Gartly

Geoff Gartly CA is an experienced Australian chartered accountant and business adviser who works with small business owners, families and individuals on practical tax, accounting, structuring and advisory issues. Through Gartly Advisory, he focuses on helping clients understand their numbers, make better business decisions, manage compliance obligations, and plan ahead with confidence. His work often sits at the intersection of tax, business improvement, succession, SMSFs, estate planning and asset protection. Geoff’s style is practical and plain-English: he aims to turn complex financial and tax matters into clear options, so clients can make informed decisions about their business, wealth and future.

How can I make my small business successfull?
Gallery
How can I make my small business successfull?

Accounting & Business Insights, Business Growth & Scaling

How can I make my small business successfull?

By Geoff Gartly|2024-09-23T22:00:07+10:0008/04/2023|Categories: Accounting & Business Insights, Business Growth & Scaling|Tags: cashflow, small business|

How can I make my small business successful is something all business owners strive to do. The road to success is not always smooth, and there are obstacles to overcome. However, with the right strategies and mindset, you can achieve your goals and thrive in today's competitive marketplace. In this article, we'll explore some key tips and tactics that can help you take your small business to the next level. From defining your niche and target audience to creating a strong brand and building a solid online presence, we'll cover everything you need to know to make your small business [...] READ MORE

How long should I be staying around after selling my business
Gallery
How long should I be staying around after selling my business

Accounting & Business Insights, Exit plan

How long should I be staying around after selling my business

By Geoff Gartly|2023-04-06T21:49:51+10:0006/04/2023|Categories: Accounting & Business Insights, Exit plan|Tags: exit the business, selling, walk away|

Selling my business and how long I should be staying around after selling my business is a subjective decision. Many owners think that the exit of their business to a new owner will be simple. A business sale is not that simple. The seller often doesn't consider the implications of staying after they sell their business. How long and why will depend on your stay with what the new owner sees as perceived value. Some small business owners have the perception that, like selling a house, they will hand over the keys; in return, they will get a bag of [...] READ MORE

Should I sell my factory when I sell my business
Gallery
Should I sell my factory when I sell my business

CGT concessions, Exit plan

Should I sell my factory when I sell my business

By Geoff Gartly|2023-03-25T22:03:32+11:0025/03/2023|Categories: CGT concessions, Exit plan|Tags: cgt, factory, smsf|

To sell my factory? What are the options to consider for selling my factory at the time of my business sale? If you sell your business that includes a factory or an office building, do you need a strategy for options for what to do with the property? The decision is entirely depending on your personal and financial goals. To help you with your decision-making process, here are a few possibilities: Sell the factory along with the business: If the new owner of your business wants to continue operating the factory or your business premises, you can consider selling it [...] READ MORE

A Simple Business plan that works
Gallery
A Simple Business plan that works

Accounting & Business Insights, Business Growth & Scaling

A Simple Business plan that works

By Geoff Gartly|2023-04-08T11:22:59+10:0025/03/2023|Categories: Accounting & Business Insights, Business Growth & Scaling|Tags: business plan, cashflow, small business|

Unveiling the Power of a simple Business Plan for small business is Your Blueprint to Success A Simple business plan for small business helps you dream big! Are you an entrepreneur or business owner aiming to achieve success in your ventures? Do you find yourself constantly facing setbacks and challenges that just make it a little harder hinder your growth? The solution is in the power of a well-crafted simple business plan that kicks goals. A small business action plan is a blueprint that outlines your goals, strategies, and tactics to achieve success. It is your roadmap to success and [...] READ MORE

The emotion to sell my business
Gallery
The emotion to sell my business

Exit plan

The emotion to sell my business

By Geoff Gartly|2023-03-25T07:53:42+11:0025/03/2023|Categories: Exit plan|Tags: business sale, emotional attachement, sell|

Why I am afraid when sell my business? There are several reasons why people may be afraid to sell. It can be a scary time and leads some to thinking as to why they may be afraid to sell my business. Its not an easy time for some and health may play a big factor. Its why the sale of a business or any significant asset needs a plan. The sale of your business can be one of your biggest asset and you need the time to make sure its done right. Here are top reasons why people are [...] READ MORE

Renovating and flipping your home for profit . The potential Tax Implications

By Geoff Gartly|2024-02-19T15:25:13+11:0011/03/2023|Categories: Accounting & Business Insights|Tags: cgt, renovation|

Renovating and flipping your home can be an exciting and rewarding experience as a homeowner. However, before you embark on a renovation project to sell your home for profit, it's essential to understand the tax implications involved. After watching TV shows like the Block, are you inspired to become a property flipper?In this article, I will explore the basics of renovating and flipping your home, the ATO tax implications, and offer tips to help you maximize your profit while avoiding common mistakes. The Basics: What is Renovation and Flipping your home? Renovation is improving or updating your home, either for [...] READ MORE

Is an SMSF setup right for you?
Gallery
Is an SMSF setup right for you?

Accounting & Business Insights, SMSF (Self-Managed Super Fund)

Is an SMSF setup right for you?

By Geoff Gartly|2024-02-19T15:54:04+11:0021/02/2023|Categories: Accounting & Business Insights, SMSF (Self-Managed Super Fund)|Tags: cashflow, invest, retirement, SMSF trustee|

Deciding to implement an SMSF setup is something that needs a plan if undertaken.We are observing that our clients are taking the opportunity to review their Superannuation and retirement goals, The markets are changing, and people are beginning to plan for their retirement strategy. We are receiving several questions from clients asking whether, given the current market fluctuations of their investment in the superannuation, it is a great time to take charge of your own Superannuation. Some are evaluating if it is a great time to take control by setting up a new Self-Managed Superfund, commonly known as an SMSF. [...] READ MORE

Your exit planning journey
Gallery
Your exit planning journey

Accounting & Business Insights, Exit plan

Your exit planning journey

By Geoff Gartly|2025-12-29T00:06:24+11:0020/02/2023|Categories: Accounting & Business Insights, Exit plan|Tags: exit, owner, small business|

Exit Planning Starts Today: A Practical Guide for Small Business Owners Are you thinking about the future of your small business and wondering how to begin your exit planning journey? You’re not alone. Many small business owners delay exit planning because they’re unsure where to start or assume it’s something to deal with later. However, with the right guidance from an experienced exit planning and succession advisor accountant, you can create a clear plan that protects your legacy, maximises value, and ensures a smooth transition. A well-structured exit plan doesn’t just prepare you for selling or transitioning your business — [...] READ MORE

Cost reduction and Maximizing Profit in Your Business

By Geoff Gartly|2024-02-19T15:39:40+11:0008/02/2023|Categories: Accounting & Business Insights, Business Growth & Scaling|Tags: cashflow, small business|

Cost reduction by reducing expenses means great profits, right or wrong? What is Cost Reduction & Why Is It Important for Business Owners? Cost reduction is one of the most important aspects of running a successful business. It can help businesses save money and increase their profits. But doing it correctly will achieve great results for your bottom line. Expenses slashed for the sake of it may be detrimental. As a business owner, you need to be aware of different cost reduction strategies and how they can help you achieve your goals. By understanding the basics of cost reduction, you [...] READ MORE

5 Steps to Make Your Business Sale Ready and Increase Its Value

By Geoff Gartly|2024-02-19T15:43:22+11:0001/02/2023|Categories: Accounting & Business Insights, Small Business Accounting Services|Tags: business sales, sale of business|

Is your business sale ready for that next opportunity? Selling a business is a complex process, but it doesn't have to be overwhelming. With the right strategies and preparation, you can maximize the value of your business and make it sale ready. Selling a small business can be a daunting task, but with the right exit plan and growth strategies, you can make sure that you get the best deal possible. Retirement may seem like a distant goal, but with careful planning and the right resources, it can become a reality. Let's explore how to get your small business sale [...] READ MORE

Sales tools for small business
Gallery
Sales tools for small business

Accounting & Business Insights, Business Growth & Scaling

Sales tools for small business

By Geoff Gartly|2024-02-19T15:48:16+11:0003/12/2022|Categories: Accounting & Business Insights, Business Growth & Scaling|Tags: sales tools, small business|

Effective Sales Tools for the small business smart checklistDo you use tools that help grow sales in your business? Sales are the lifeblood of any business. Yet how many of us have had training in closing a sales deal as small business owner? With a new year about to start, it’s time to review your sales process and help your business grow. Set a budget that you and the team can aim for in 2023 Working with your customer The art of selling is to focus on the prosperity and happiness of your customers! “Don’t bother telling the world you [...] READ MORE

SMSF and commercial property

By Geoff Gartly|2024-02-19T15:58:23+11:0002/10/2022|Categories: Accounting & Business Insights, Estate Planning, SMSF (Self-Managed Super Fund)|

SMSF and commercial property is an investment often held by an SMSF and is a good strategy. Is holding your business premises, Factory or shop in an SMSF a good strategy? Allowing your SMSF to hold your business real property is a fantastic opportunity for the small business owner to isolate its business asset from the main trading company. It also means you can become a long-term tenant of your SMSF. There are some distinct advantages for both estate planning and long-term protection strategies of your asset in an SMSF. Any property strategy it must be done properly and there [...] READ MORE

Reminder: new .au domain names – have you got yours register your business now!

By Geoff Gartly|2026-07-22T10:37:42+10:0006/09/2022|Categories: Accounting & Business Insights, small business|

Is your domain name uptodate .Au domain names are here. On 24 March 2022, anyone with a local connection to Australia (including businesses, associations, and individuals) has been able to register a new category of domain name known as au These shorter, more straightforward domain names end in .au, NOT. com.au and effectively create 2 domain names. These will then be .com.au, .net.au, .org.au, .gov.au or .edu.au. Do you have a “.com.au” domain name? Existing domain name.com.au license holders have been provided priority to register the .au direct equivalent of their domain name until 20 September 2022, After this date, [...] READ MORE

Small business specialist advice pathways grants to help you build your business!
Gallery
Small business specialist advice pathways grants to help you build your business!

Accounting & Business Insights, Business Growth & Scaling

Small business specialist advice pathways grants to help you build your business!

By Geoff Gartly|2024-02-19T16:16:00+11:0031/08/2022|Categories: Accounting & Business Insights, Business Growth & Scaling|

If you are a business in Victoria, you may be eligible for the newly opened Small Business Specialist Advice Pathways Program. This grants $2,000 to "employing small businesses to access professional advice and services to help them make informed business decisions and plan for the future." Eligible projects include: a) Advice and analysis regarding the management of cash flow, preparation of cash flow budgets and projections, b) Profitability analysis and formulation of financial management and/or operational business strategies, c) Strategic analysis to revise business planning and/or governance arrangements, d) Advice regarding the management of debts and liabilities, or e) Advice [...] READ MORE

Downsizer contribution eligibility to be lowered to age 55

By Geoff Gartly|2024-02-19T16:28:18+11:0008/08/2022|Categories: Estate Planning, News & Updates, SMSF (Self-Managed Super Fund)|Tags: contributions, super, superannuation|

The downsizer contribution is an after-tax contribution. Therefore when it hits your SMSF or super fund, no tax is payable on the way in. It also means upon retirement, and it can be paid as a benefit. A benefit that is returned tax-free when you withdraw the funds from your SMSF Legislation passed Last week parliament passed legislation, resulting in the downsizer contribution to allow house owners over the age of 55 to access this strategy. The lowering to age 55 is expected date for the enactment would be later this year (2022) Downsizer contributions help you to increase your [...] READ MORE

What to do when a loved one dies?

By Geoff Gartly|2024-02-19T16:34:39+11:0001/08/2022|Categories: Accounting & Business Insights|

Join Geoff as he explains in simple terms what to do to finalise the taxation affairs of a loved one after they have died. Our youtube video outlines some of the steps that you as the executor may need to undertake. We welcome you to contact us further on 95979966 if we can assist you. https://youtu.be/Ike688p601A

Small business cashflow
Gallery
Small business cashflow

Accounting & Business Insights, Business Growth & Scaling, Small Business Accounting Services

Small business cashflow

By Geoff Gartly|2025-10-02T17:17:06+10:0026/07/2022|Categories: Accounting & Business Insights, Business Growth & Scaling, Small Business Accounting Services|Tags: cashflow, small business|

Small business cashflow is so important. This is highlighted in this week's Accoutantsdaily article about cash flow. What's highlighted is an enormous gap for many small businesses. The last 2 years have highlighted major issues for small businesses and cash flow is one on top of the list. Small businesses have been plagued by closures and staff absenteeism due to Covid. This can account for why some businesses' cash flow is facing an uphill battle in recovery. But there is also a fundament lack of planning by some small businesses. Not knowing where you going is like a hose [...] READ MORE

Am I a share trader for tax purposes?
Gallery
Am I a share trader for tax purposes?

Accounting & Business Insights, Taxation & Tax Advice

Am I a share trader for tax purposes?

By Geoff Gartly|2022-06-10T06:54:15+10:0010/06/2022|Categories: Accounting & Business Insights, Taxation & Tax Advice|

A Share trader is regarded by the ATO as conducting a share trading business when it comes to reporting your tax, based on factors around how you and how often you invest. An investor is looking long term and will not frequently undertake a systematic approach. Tax law regards Share trading is assessed as income on a Revenue Account, and no Capital Gains Discount can be claimed. Share traders and tax However good news for share traders is, share losses are allowed as a tax deduction un S8-1 of the ITA997. A share trader can recognize unrealized losses and gains [...] READ MORE

Local manufacturing in Moorabbin and Dandenong South
Gallery
Local manufacturing in Moorabbin and Dandenong South

Accounting & Business Insights, Business Growth & Scaling

Local manufacturing in Moorabbin and Dandenong South

By Geoff Gartly|2025-12-12T16:16:19+11:0003/06/2022|Categories: Accounting & Business Insights, Business Growth & Scaling|Tags: manufacturing, small business|

Local Manufacturing Tax help for Melbourne’s South East Local manufacturing businesses based in Melbourne’s South East, particularly Moorabbin, Dandenong South, Carrum Downs and Seaford, can take advantage of valuable tax incentives to boost productivity and modernise their operations. Bringing forward tax incentives is one of the most effective ways for manufacturers in Moorabbin and Dandenong South to upgrade equipment, improve efficiency and support long-term growth. Helping Local Manufacturing Businesses Thrive Gartly Advisory, Melbourne accountants based in Ormond, specialise in supporting local manufacturing businesses in the South East suburbs. We love working with manufacturers, and our advice is simple: use the [...] READ MORE

Builders and developers face uncertain times
Gallery
Builders and developers face uncertain times

Accounting & Business Insights

Builders and developers face uncertain times

By Geoff Gartly|2022-05-27T02:06:20+10:0027/05/2022|Categories: Accounting & Business Insights|

Tread carefully in the coming months when planning your property development or if you are a supplier in the building construction industry Property development is rewarding except in times of uncertainty. Unfortunately, we are now facing one of those uncertain times. The last two years of working through Covid and lockdowns are impacting the construction industry. We are now seeing significant building players over the last few months into liquidation or closing. This indicates that it is the start of what may well be a tough few years ahead. Many of our clients are commenting on what they feel is [...] READ MORE

Business Ratios for a healthy small business
Gallery
Business Ratios for a healthy small business

Growth Tools for Small Business

Business Ratios for a healthy small business

By Geoff Gartly|2022-04-22T03:05:12+10:0022/04/2022|Categories: Growth Tools for Small Business|Tags: business health, growth, ratios|

Business ratios that measure your small business Six Power Ratios to Start Tracking Now in your small business These six power ratios are designed to measure the heart of your small businessDoctors monitor the health of humans, why not measure and plot the health of your business. These powerful ratios help you track how healthy and well your business is going.Better than the blunt measuring stick of an aggregate number, a ratio expresses the relationship between two numbers, which gives them their power.If you’re planning to sell your company one day, here’s a list of six ratios to start tracking in your [...] READ MORE

When is a home exempt from CGT
Gallery
When is a home exempt from CGT

Accounting & Business Insights, Taxation & Tax Advice

When is a home exempt from CGT

By Geoff Gartly|2024-02-20T16:12:36+11:0020/04/2022|Categories: Accounting & Business Insights, Taxation & Tax Advice|Tags: cgt, cgtexemption, home|

Your home can be exempt from CGT providing it is your castle. You need to do a few things to make sure it meets the ATO The ATO considers several factors when determining if a dwelling is considered a client’s main residence. Various tests in relation to different factors to determine to see if you meet this test as your home. This may vary depending on the circumstances and it may be several factors. What makes a home regarded as your home and makes your home exempt from CGT? The main residence test for a dwelling is based on facts [...] READ MORE

Acting as an SMSF Trustee and incapacity!
Gallery
Acting as an SMSF Trustee and incapacity!

Estate Planning, SMSF (Self-Managed Super Fund)

Acting as an SMSF Trustee and incapacity!

By Geoff Gartly|2024-09-28T14:42:04+10:0015/04/2022|Categories: Estate Planning, SMSF (Self-Managed Super Fund)|Tags: POA, SMSF trustee, Trustee|

SMSF Trustee role needs to be considered in your Estate planning Acting as a SMSF Trustee and incapacity are crucial issues to consider in running an SMSF. Have you considered what happens when something goes wrong, and you in a position to run your SMSF? Control is one of the main reasons many establish an SMSF. As an SMSF Trustee, you can control your own SMSF. You as the SMSF Trustee and member can control how the Funds' investments and the strategy on how and where. What happens if you can't do it anymore? What happens if things go [...] READ MORE

Your’e Net Promotor Score
Gallery
Your’e Net Promotor Score

Accounting & Business Insights

Your’e Net Promotor Score

By Geoff Gartly|2022-04-14T22:45:10+10:0014/04/2022|Categories: Accounting & Business Insights|Tags: measuring|

Measuring the love in your business - youre Net Promotor Score What is your net promoter score, and why is it essential in building value to your business?Your Net Promoter Score, NPS affectionately referred to, is one of the most effective ways to uncover how satisfied and loyal customers are to your brand, product, or service. It's a great start towards adding creditability towards a future business sale and the love for your businessA good net promotor score is derived from detractors vs promotors.Promotors are those customers who "love "you, and Detractors are those who are just friends or not in love [...] READ MORE

Business exit planning for couples
Gallery
Business exit planning for couples

Accounting & Business Insights, Exit plan

Business exit planning for couples

By Geoff Gartly|2022-04-14T22:37:54+10:0014/04/2022|Categories: Accounting & Business Insights, Exit plan|Tags: couples, exit plan|

Business Exit planning for couples is an exciting opportunity but it needs to get it right. Working as a romantic couple brings pleasure, frustration, and opportunity rolled up into one package. When a romantic couple that can work together in a business bet it right their business booms. It ll comes together it's a special relationship that can build a business Planning the exit from your business as a couple is essential to get it right. Both partners are on a journey on their own life paths. Working together often can mean spending 24/ seven together. That's a big ask [...] READ MORE