Geoff Gartly CA SMSF

About Geoff Gartly

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So far Geoff Gartly has created 140 blog entries.

Selling your caravan park
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Selling your caravan park

Blog, Exit Planning

Selling your caravan park

By Geoff Gartly|2025-11-01T16:52:23+11:0001/11/2025|Categories: Blog, Exit Planning|Tags: caravan parks, exit planning, retirement|

Selling Your Caravan Park needs a robust exit plan that begins now! Selling your caravan park is one of the biggest decisions you’ll make in your business journey. After years of welcoming travellers, maintaining sites, and watching countless red sunsets, it’s time to begin a new chapter. Whether you’ve run a family-owned caravan park for decades or recently taken over management, caravan park exit planning should be part of your long-term strategy. This process isn’t just about numbers on a page — it’s about legacy, emotion, and opportunity. Selling your caravan park gives you the chance to unlock the capital [...] READ MORE

Managing Family business Disputes
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Managing Family business Disputes

Blog, Exit Planning

Managing Family business Disputes

By Geoff Gartly|2025-11-01T16:22:29+11:0001/11/2025|Categories: Blog, Exit Planning|Tags: disputes, family business, legal|

Family business disputes can lead to a premature exit by a key player. If the dispute is not resolved quickly and effectively, it may lead to a breakdown in communication and a loss of trust among family members. The result is that one or more family members leave the business or sell their shares, potentially leading to a significant change in the ownership structure and management. Ultimately, a change of direction, passion, and in some cases, family members hold long-term personal grudges toward each other. Ultimately, the decision to exit a business due to a family dispute will depend on [...] READ MORE

Ai in Cafe and coffee shops in melbourne
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Ai in Cafe and coffee shops in melbourne

Blog

Ai in Cafe and coffee shops in melbourne

By Geoff Gartly|2025-12-12T16:29:33+11:0020/10/2025|Categories: Blog|Tags: ai, barista, cafe, cafe owner, coffee, robots|

How will AI in cafes change my business? Ai in a cafe is here. Running a café is more than just serving coffee — it’s about crafting experiences, creating community, and making moments that keep customers coming back. But in today’s fast-changing world, staying competitive means embracing new technology. Ultimately, the local coffee shop, like every other business, aims to improve the customer experience. AI has begun to change the way we all do business. Embrace it and see where it can assist in both productivity and innovation. One of the biggest innovations reshaping the hospitality landscape is Artificial Intelligence [...] READ MORE

Accountant help – why we are an investment

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

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

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

Blog, Business growth

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

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

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

Transitioning from builder to property developer
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Transitioning from builder to property developer

Blog, Business growth, Trade & construction

Transitioning from builder to property developer

By Geoff Gartly|2026-01-13T11:06:35+11:0029/09/2025|Categories: Blog, Business growth, Trade & construction|Tags: builder, construction, gst, profit, property developer, trade|

If you’re a small builder ready to move beyond client projects and step into the more profitable world of property development, particularly townhouse developments, we’re here to help guide that transition. Property development is not just construction — it’s a business that demands careful planning, strong financial management, and a clear understanding of risk. In this guide, we explore essential strategies for cost control, GST management, and building a development business that doesn’t just survive, but thrives. While demand for townhouses remains strong, rising construction costs, complex regulations, and fierce competition for quality land continue to place pressure on [...] READ MORE

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

Dispute management, Estate Planning, News for you

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

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

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

Putting Your Home in a Trust
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Putting Your Home in a Trust

Blog, CGT, Dispute management, Taxation

Putting Your Home in a Trust

By Geoff Gartly|2025-09-14T09:24:36+10:0014/09/2025|Categories: Blog, CGT, Dispute management, Taxation|Tags: cgt exemption, home in a trust|

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

Buying a Franchise?
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Buying a Franchise?

Blog, Business growth, franchise, Services accounting for small business, small business

Buying a Franchise?

By Geoff Gartly|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

Tuning Your Small Business Strategy to be like an F1 Machine
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Tuning Your Small Business Strategy to be like an F1 Machine

Blog, Business growth

Tuning Your Small Business Strategy to be like an F1 Machine

By Geoff Gartly|2025-09-08T10:17:30+10:0002/07/2025|Categories: Blog, Business growth|Tags: f1, revenue targets, sales, small business, small business advice|

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

Don’t let Trump’s tariffs ruin your business

By Geoff Gartly|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

Ormond Small Business
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Ormond Small Business

Blog, Business growth

Ormond Small Business

By Geoff Gartly|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

Divorce and my business :Protecting Your Small Business During Divorce
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Divorce and my business :Protecting Your Small Business During Divorce

Blog, Dispute management, Estate Planning, Exit Planning

Divorce and my business :Protecting Your Small Business During Divorce

By Geoff Gartly|2025-09-26T17:03:05+10:0025/05/2025|Categories: Blog, Dispute management, Estate Planning, Exit Planning|Tags: business owner, divorce, financial plan|

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

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

Blog, small business, Super, Taxation

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

By Geoff Gartly|2025-11-20T10:42:07+11:0008/05/2025|Categories: Blog, small business, Super, Taxation|Tags: business owner, drawings, wages|

For small business owners, wages and an understanding of how to pay themselves help both their personal finances and stability, as well as 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 with different tax and business sustainability implications. A well-structured owner’s wage strategy can also improve superannuation contributions and support future wealth planning. As a new business owner, you’re already accustomed to [...] READ MORE

Caravan Park Planning expanding accomodation
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Caravan Park Planning expanding accomodation

Blog, Growth tools

Caravan Park Planning expanding accomodation

By Geoff Gartly|2025-04-21T13:10:57+10:0021/04/2025|Categories: Blog, Growth tools|

Caravan Park Planning: Is It Worth Adding New Cabins? When it comes to caravan park planning, timing is everything. If you manage a regional caravan park, you’ve probably noticed how shifts in local growth and tourism trends can really impact your business. Let's take a moment and analyse the decision many face—whether or not to invest in four new cabins for my park. So, is it worth it? let's explore the dilemma that one of our clients decided to undertake. The Investment in New Cabins Our clients decided that they would like to sell off 2 older cabins and purchase [...] READ MORE

Who might be impacted by your sale of business
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Who might be impacted by your sale of business

Blog, Exit plan, Growth tools

Who might be impacted by your sale of business

By Geoff Gartly|2025-04-06T08:57:47+10:0006/04/2025|Categories: Blog, Exit plan, Growth tools|Tags: business sale, small business|

The sale of your business has impacts throughout your business community . The sale is an emotional one too. Your business has been part of your daily life, your community, and possibly your identity. Maybe it’s a local retail shop, a café with regulars who order “the usual,” or a growing online store where you know half your customers by name. So, what happens when you decide to sell? Beyond the dollars and paperwork, there’s a ripple effect—affecting more people (and things) than you might expect in the sale of business. Let’s walk through the behind-the-scenes heroes of your business. [...] READ MORE

ATO interest charges
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ATO interest charges

Blog, small business, Taxation

ATO interest charges

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

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

Don’t Stop Marketing When Business is Okay

By Geoff Gartly|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

Tracking Sales Performance for Your Small Business
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Tracking Sales Performance for Your Small Business

Blog, Business growth

Tracking Sales Performance for Your Small Business

By Geoff Gartly|2025-03-26T10:00:36+11:0026/03/2025|Categories: Blog, Business growth|Tags: cashflow, sales tools, small business|

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

Does your business team functions like a F1 racing team!
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Does your business team functions like a F1 racing team!

Blog, Business growth, Services accounting for small business

Does your business team functions like a F1 racing team!

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

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

How To Maximise Profit for Your Business
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How To Maximise Profit for Your Business

Blog, Business growth

How To Maximise Profit for Your Business

By Geoff Gartly|2025-08-28T08:14:49+10:0007/03/2025|Categories: Blog, Business growth|Tags: profit, small business, small business advice|

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

Product development and keeping your products or service new

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

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

Paying a Dividend from my company or Keep the Profits ?
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Paying a Dividend from my company or Keep the Profits ?

Blog, Business growth, Services accounting for small business

Paying a Dividend from my company or Keep the Profits ?

By Geoff Gartly|2026-01-12T10:16:14+11:0001/03/2025|Categories: Blog, Business growth, Services accounting for small business|Tags: cashflow, dividends, small business|

‍Paying a dividend from my company is one of the most important decisions you'll have to make about how to use your profits. Should you pay yourself a dividend, reinvest the money in the company, or do 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. Lets explore the pros and cons of both options, so you can make an informed decision that's right for your business. Understanding [...] READ MORE

Superannuation Contributions and deadlines
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Superannuation Contributions and deadlines

Blog

Superannuation Contributions and deadlines

By Geoff Gartly|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

Transferring XRP to your SMSF
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Transferring XRP to your SMSF

Blog, SMSF

Transferring XRP to your SMSF

By Geoff Gartly|2025-01-23T07:54:28+11:0023/01/2025|Categories: Blog, SMSF|Tags: crypto, smsf, xrp|

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