The Emotional Weight of Selling Your Business: Why Letting Go Takes Time
The selling your business for many is an emotional time. As the business owner, the idea of selling their business isn’t just a strategic move — it’s a deeply emotional journey. A business is rarely just a commercial transaction. Your business is often [...] READ MORE
Find the Right Tax Accountant in Melbourne: Why Gartly Advisory is Trusted for Personal and Business Tax Returns
When it comes to managing your finances, finding a good tax accountant in Melbourne can make all the difference. At Gartly Advisory, we understand that every client’s tax situation is unique. Our experienced team of tax accountants in Melbourne provide tailored advice, ensuring [...] READ MORE
Payday Super and small business superannuation
Payday Super Explained for Small Business Employers Payday Super is here and is enshrined in Legislation. For many small businesses, it will result in additional workload to meet ongoing obligations. For example, if you run a busy takeaway, you already know payroll [...] READ MORE
November 2025 Newsletter
Our November Newsletter features articles on the below topics: Christmas and tax – for business owners Reducing your tax bill while topping up your super Division 296 tax revisited – for super balances over $3 million Home equity access scheme (HEAS) [...] READ MORE
Strategic small business growth.
Growing Your Business: Understanding What People Really Want The Lessons of Masters and Bunnings Growing a business is more than just opening your doors and hoping customers will come. It’s a strategic process built around understanding what people actually want — and [...] READ MORE
Selling your caravan park
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 [...] READ MORE
Managing Family business Disputes
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 [...] READ MORE
Ai in Cafe and coffee shops
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, [...] READ MORE
Accountant help – why we are an investment
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 [...] READ MORE
GST and Small Business Exporting: What Small Manufacturers Need to Know
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 — [...] READ MORE
October 2025 Newsletter
This month, we bring you a selection of timely and practical articles covering key updates in tax and superannuation – all designed to keep you informed, confident, and in control of your finances. In this edition: Protecting your super from [...] READ MORE
Transitioning from builder to property developer
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. Developing property is a business that needs good planning. Let's explore [...] READ MORE
Divorce accountant: helping you to ensure your tax position is right
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. [...] READ MORE
Putting Your 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 [...] READ MORE
September 2025 Newsletter
Here’s what’s inside our September newsletter: Economic roundtable wash up – We break down last month’s economic and productivity roundtable outcomes, with the government firmly in control of what tax policy measures might or might not be introduced down the [...] READ MORE
Buying a Franchise?
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 [...] READ MORE
August 2025 Newsletter
What’s inside our August Newsletter? Unlocking savings: Your guide to Government concession cards Some CGT consequences of divorce and relationship breakdown The great wealth transfer: Are you ready? Self managed super funds: A suitable path to retirement control? What [...] READ MORE
Tuning Your Small Business Strategy to be like an F1 Machine
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. [...] READ MORE
July 2025 Newsletter
As we start the New Financial Year, here's a few things you will find helpful. What’s inside the July edition? Working from home and occupancy costs Super guarantee increase to 12% New super facts and figures from 1 July 2025 Age [...] READ MORE
Don’t let Trump’s tariffs ruin your 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 [...] READ MORE
Ormond Small Business
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 [...] READ MORE
June 2025 Newsletter
In this edition, we’ve pulled together some key updates and practical tips to help you stay ahead with your tax and super planning as we head towards 30th June and beyond. 1. Get on the front foot for your 2024-25 tax [...] READ MORE
Divorce and my business :Protecting Your Small Business During Divorce
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 [...] READ MORE
Why You Need to Pay Yourself a Wage as a Business Owner
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 [...] READ MORE
May 2025 Newsletter
This month we features articles on: • Good CGT records can save you money • Concessional super contributions vs mortgage paydown: what’s the smarter move? • Writing a will in a tax-effective manner • Binding death benefit nominations explained • Small-scale subdivision [...] READ MORE
Why Business Owners Should Act Now before 30th June, 2025
As June 2025 is fast approaching, this is a friendly reminder to take advantage of the $20K Instant Asset Write-Off & EV FBT Perks before it’s too late and Politicians change their mind! 💥 Slash Your Tax Bill Instantly Eligible [...] READ MORE
April 2025 Newsletter
Our April edition features pieces on: • We may need to talk about your family trust • Selling property? Buyers must withhold and pay the ATO! • Three great reasons to start a transition to retirement pension • Employees vs contractors: what [...] READ MORE
Budget 2025-26 Newsletter
Below are some of the key tax, superannuation and cost of living highlights you need to know: • Personal tax cuts • Medicare Levy low income thresholds increased • Higher education loan repayment changes • The missing Instant Asset Write-Off legislation • [...] READ MORE
Caravan Park Planning expanding accomodation
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 [...] READ MORE
Who might be impacted by your sale of 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 [...] READ MORE
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 [...] READ MORE
Don’t Stop Marketing When Business is Okay
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 [...] READ MORE
Tracking Sales Performance for Your 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 [...] READ MORE
Our Guide to Managing a Deceased Estate Tax Return
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 [...] READ MORE
Does your business team functions like a F1 racing team!
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 [...] READ MORE
How To Maximise Profit for Your Business
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 [...] READ MORE
Product development and keeping your products or service new
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; [...] READ MORE
March 2025 Newsletter
Our March edition features pieces on: Salary sacrifice vs personal deductible contributions: and the winner is… Beware of Bitcoin gains! Do you own an asset that is used in your spouse’s business? FBT checklist for 2024-25 Click here to download our March Newsletter [...] READ MORE
Paying a Dividend from my company or Keep the Profits ?
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 [...] READ MORE
Superannuation Contributions and deadlines
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 [...] READ MORE
February 2025 Newsletter
Our February Newsletter is packed with insights to help you navigate the year ahead, keeping you informed about key tax, financial and superannuation changes that may affect you. Articles include: Seven changes impacting your super in 2025 Rental data matching [...] READ MORE
Transferring XRP to your SMSF
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 [...] READ MORE
Running a B n b using Your SMSF
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 [...] READ MORE
5 Tips for Keeping Your New Year’s Resolutions
If you habitually set New Year's Resolutions at the beginning of the year and then abandon them a few days later, now is your chance to try something different. Imagine how your life could improve if you followed through on your resolutions until [...] READ MORE
Carry Forward Concessional Contributions Tax Planning Strategies for 2025
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 [...] READ MORE
December 2024 Newsletter
Our December Newsletter is packed with helpful articles for the festive season and beyond. As year-end celebrations approach, our first article explains the tax rules around Christmas expenses for business owners. We cover FBT, GST credits, and what’s tax deductible, so you can avoid [...] READ MORE
November 2024 Newsletter
Our November edition features pieces on: How taxable is that side hustle? The black hole of CGT and trusts What we know so far about payday super What tax receipts do I need to keep? Super on parental leave pay is now [...] READ MORE
October 2024 Newsletter
Our October Newsletter features pieces on: Making contributions later in life What is the right business structure? Selling a property with mixed rental and residential use Comparing SMSFs with other super funds The dangers of failing to declare income or lodge returns [...] READ MORE
September 2024 Newsletter
Our September Newsletter features pieces on: Who is a spouse under the tax laws, and why does it matter? Riding the market waves Take care if you sell your home after leaving Australia Separation and divorce: CGT consequences…and relief Setting up an [...] READ MORE
August 2024 Newsletter
This month features pieces on: The importance of “tax residency” Changes to preservation age CGT and foreign residents: complex rules apply! Selling a small business operated through a company – sell the shares or sell the assets? Spouse contributions splitting Breaking up [...] READ MORE
Investing in Cryptocurrency by my SMSF
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 [...] READ MORE
Can I run my business as a partnership
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 [...] READ MORE
Starting the Caravan Park Exit Planning 5 Essential Preparations Before Going to Market
Caravan Park exit planning starts early. After many years as owners of the local caravan park, you've decided to move on and sell your caravan park. This transition is about selling a property and handing over a thriving community hub that has grown [...] READ MORE
Building a business not reliant on its owner and holidays
The small business owners holidays. Does it happen? Taking a holiday can seem like a luxury they simply can't afford or think they can't have! However, did you know regular breaks are important for personal health and well-being and crucial for business building? [...] READ MORE
The fear of selling a business and letting go! Jason and Angie’s Tale of Selling Their Business After 25 Years
It's real: the fear of selling a business. After dedicating a quarter-century to their beloved local café, Jason and Angie Martin made the tough decision to sell. Their café was a go-to café in a regional seaside town they had lovingly nurtured from [...] READ MORE
How to Enhance your business Value before Selling: The Ultimate Checklist
Business owners who enhance your business value before selling put themself in the optimised position for success . But they also face their most significant financial decisions of their business career before going to market for sale. we know that a well-prepared business [...] READ MORE
Trust vs Company
A Trust vs Company is a decision many business startups need to consider when determining their trading vehicle. Choosing the right business structure is crucial to impacting your business operations, taxation, liability, and future growth. Family Trusts and Companies (typically Proprietary Limited or [...] READ MORE
Early access to smsf superannuation when facing business stress
It might be tempting as a business owner to take early access to smsf and superannuation. As the economy gets tough for many small business owners, keeping the doors open can feel like a tightrope between survival and financial disaster. With this in [...] READ MORE
How to set a tradie charge out rate
How do I calculate and set my tradie charge out rate? Your charge out rate can influence if you make a profit or a loss in your trade business. There are traps to be aware of when setting your rate. Be careful [...] READ MORE
Negotiating an ATO Payment Plan
ATO Payment plan for tax debt and Defaulting on tax payment plans If you have an ATO debt you can’t pay upfront, you can arrange an ATO payment plan for tax debt. This is an agreement between you and the ATO where [...] READ MORE
Elevate Your Caravan Park Business with our Caravan Park Accounting Services
Caravan Park Accountants that understand small business and the caravan industry! Attention caravan park owners in Australia! Are you ready to take your business to the next level? Our team of expert accountants, specifically trained to cater to the unique needs of caravan [...] READ MORE
July 2024 Newsletter
Our July edition features pieces on: Division 293 tax – will you be caught? The fine line between property development and “merely realising an asset” The CGT main residence exemption concessions are very useful The secret life of TFNs Can I add [...] READ MORE
Business social media platforms
Which Social Media Platforms Should Your Business Use? As part of your growth and marketing strategy, you need to get your business noticed on business social media platforms. With more than half the world on social media, no business can ignore the importance [...] READ MORE
Rapid business growth
The Pains of Rapid Business Growth Here is a problem most business owners would love to have! Imagine facing the prospect of your business growing too quickly, making you almost unable to keep up with the pressure of customer demand. Perhaps you [...] READ MORE
Turn Your Small Business Goals & Dreams into Achievements!
To make small business Goals, Write them down and make them happen. Are you a small business owner with big aspirations? I am, too, but when I set my business goals, they were so secret that I couldn’t remember them. Sharing your goals [...] READ MORE
May 2024 Tax planning Newsletter
Click here to download our Tax Planning Newsletter We hope this edition provides you with valuable insights and practical advice for tax saving strategies as the 2024 financial year comes to a close. Contact us on 03 9597 9966 if you have any [...] READ MORE
2024 tax planning questions frequently asked
Questions 2024 tax planning from our clients Here are some of the hot 2024 tax planning questions we have received this year about tax and 2024 tax planning. Please let us know if we can help you in any way. What are the [...] READ MORE
Proactive tax planning Accountant help
Working with a proactive tax planning accountant can deliver great tax-saving results. Small business tax planning is crucial for managing your finances effectively. You should implement smart tax strategies. That's why our clients like working with a proactive tax planning accountant. We can [...] READ MORE
Estate planning and documenting your future.
Estate planning for the living! What is Estate planning? Many of us go through life not thinking about the end. Many often think "Do I need a will"? Many don’t bother! We start life naked with nothing and we end up leaving an [...] READ MORE
Initial repair ATO for my rental property?
Initial repairs, ATO, and what's allowed are often asked when you acquire a new rental property with existing known repairs. The old house might need fixing before it can be rented. Initial repairs may include tasks such as plumbing, painting, new carpet installation, [...] READ MORE
Do I need an SMSF Trustee succession plan?
Creating a robust SMSF trustee succession plan is critical for Self-Managed Super Funds (SMSFs) managed by aging trustees. An effective succession plan ensures the smooth transition of control and management of the SMSF when the original trustees are no longer able or willing [...] READ MORE
Super Contribution Caps 2024-25
Good news for the Super contribution caps 2024-25 have been released. The government has announced that from 1 July 2024, the standard superannuation concessional contribution cap will increase from $27,500 to $30,000 Concessional superannuation contributions are any contributions paid into your superannuation that [...] READ MORE
Divorce and your Business
Navigating the Challenges and Moving Forward Divorce and your business. It can be a difficult and emotionally challenging process, and when a small business is involved, it adds another layer of complexity. A failed marriage may not directly cause a business to fail; [...] READ MORE
Why Managing Your Profit Margin is Crucial for Business Success
Profit Margin vs Markup can be calculated and result in different outcomes Profit margin and markup are separate accounting terms that use the same inputs and analyze the same transaction yet show different information. Both profit margin and markup use Revenue and costs as part of their [...] READ MORE
SMSF for Property development ventures and your SMSF
An SMSF can undertake property development. We, however, strongly recommend seeking advice from an SMSF accountant Melbourne. The ATO has issued a warning about the use of SMSFs to invest in property development in a manner that inflates the profits earned by the [...] READ MORE
Gifting assets to a family trust
Gifting Assets to a Trust or transferring property to a trust helps protect your investments and assets. Many families like to gift assets directly to members. There is no tax on gifting. We are often asked how much can you gift to [...] READ MORE
Selling my commercial business property!
How do I sell my commercial business property? When selling your business, your business operations and HQ are an essential and strategic part of your business. Most businesses operate from a premise of some sort, so when it comes to exit planning, your [...] READ MORE
Where is your Christmas spirit ChatGPT ?
Without a doubt, I would consider that Santa is one of the hardest-working people this time of the year. As an accountant, this time of the year we deal with the ATO and clients, but Santa has to deal with so much more. [...] READ MORE
Cashflow planning for small business during the holiday season
The holiday season brings joy and celebration, but for small businesses, it can also bring challenges when it comes to cashflow planning Cashflow, the lifeblood of any business. Cashflow is even more crucial during this period. Small businesses are starting to experience delayed [...] READ MORE
December 2023 – Client Newsletter
Click here to download our December Newsletter Superannuation remains a cornerstone of financial planning for most Australians. In this issue, we provide you with a practical to-do list to make sure that your super is working optimally for you. This to-do list includes [...] READ MORE
Are you being forced out of your business by an aggressive business partner?
Are you feeling trapped and forced out of your business by an aggressive business partner making your life hell?This situation can be incredibly stressful, leaving you powerless and questioning your dreams, motivation and aspirations. But fear not because help is here.Let’s explore the [...] READ MORE
Understanding Superannuation Death Benefits
Superannuation Death benefits are an estate planning matter that is a crucial aspect of financial planning.It is essential to consider what happens to superannuation upon death.Understanding the intricate system of superannuation death benefits is essential for effective financial planning and ensuring that your [...] READ MORE
Customer Retention Engagement Strategies
???? Customer Retention Engagement Strategies . Lets explore Unlocking the Secret to Keeping Your Customers Engaged in a competitive market ???????? Small businesses are facing unprecedented challenges in today's competitive market. With rising interest rates and soaring fuel costs, it's more important than [...] READ MORE
November 2023 – Client Newsletter
In the November edition of the Client Newsletter we delve into the intricacies of nominating a superannuation beneficiary, examining the various types of nominations and the legal requirements they must meet. Additionally, we tackle the complexity of tax residency in Australia. As the [...] READ MORE
Startup mindset shifts for small business!
5 Startup Mindset Shifts You Must Make as you launch your New Business.Starting out. Grab that winning mindset from day one to conquer challenges and thrive in the competitive business world. Starting a new business is an exhilarating experience requiring a unique mindset. [...] READ MORE
Can I Live in SMSF Residential Property upon Retirement?
Can you live in SMSF residential property held by your Fund?" No not directly, but follow the rules at retirement, and it may be possible. As you retire, retirement planning opens up opportunities for living and the next stage for your SMSF, your [...] READ MORE
October 2023 – Client Newsletter
Our Client Newsletter this month includes articles about: Property development – recent Federal Court decision Small Business skills and training boost CGT Small Business concession Post-tax personal Super contributions - benefits Click here to download our October Newsletter Contact us on 03 9597 [...] READ MORE
Passion and increase business profit
Increase your business profits by building a Business You Love, and a Business With Purpose: 7 Steps To Help You Find Your Passion and Increase Business Profits Creating a business you love is not something that can be done overnight. It requires a [...] READ MORE
SMSF property rules
Self-Managed Super Funds (SMSFs) allow individuals to take control of their retirement savings and invest in assets they have confidence will be right for their retirement strategy. Property investment is a popular choice for many SMSF trustees. However, it's crucial to understand the [...] READ MORE
September 2023 – Client Newsletter
Our September Newsletter has some interesting reading, find out about: Trademarks and intellectual propertyCan I claim my caravan for business?SMSFs being targeted by schemesCGT discount – what is it?Self Education deductions Click here to download our September Newsletter Contact us on 03 9597 [...] READ MORE
How to detect about your cheating in business by your business partner
Cheating in business happens more than we like to realise.Trust in business is the foundation upon which successful partnerships are built. Without trust, a business partnership is like a house of cards that is vulnerable to collapse at any moment. As a business [...] READ MORE
August 2023 – Client Newsletter
Enjoy the read! This month our newsletter contains tax issues such as: Tax debt & why do I have one?Gifting to employees – is this FBT?R&D – the basicsSuper withdrawals – what are my options?Should I have a Family Trust? Click here to [...] READ MORE
Dumb ways to get a tax audit !
A tax audit is often a result of business owners not doing something that's the norm. Doing dumb things that alert the ATO that some things are not quite right. It is becoming imperative that you prepare your GST records appropriately to avoid [...] READ MORE
July 2023 – Client Newsletter
As we start the New Financial Year, this month our newsletter contains topics including: Small Business Lodgement AmnestyIs it time to restructure my Business?SGC increase to 11% for Employers to payWork-related car expenses updated Click here to download our July Newsletter
Capital Gains Valuation – often done retrospectively.
When do you need a Capital Gains Valuation? There are several reasons why you would obtain a valuation, such as: We suggest that when selling your home or acquired property through inheritance, demolishing a home or rental for property development GST matters. [...] READ MORE
Recording obsolete stock in your accounting system
Identifying and recording obsolete trading stock write-offs for a small business involves several steps. Its that time of year, when you should undertake you annual stock take. We suggest to be practical in your approach. Use scales and estimates for small items such [...] READ MORE
2024 small business planning
Planning ahead for your 2024 small business journey is an important step toward success. “Your pathway review – never lost but on a journey – Geoff Gartly your small business Exit Navigator This week you should do yourself a favour and plan and [...] READ MORE
Are you inadvertently sabotaging your small business?
Sabotaging your business can happen in several ways. It's a silent killer of businesses for growth and success. It's like wood termites that infiltrates behind the framework of your home as a result when finally uncovered it results disastrously. Where on the surface, [...] READ MORE
Saying goodbye to my business is so sad
Saying goodbye to a small business can be a challenging and tear-jerking time. Letting go of a dream is a huge thing to do. Am I doing the right thing or should I continue?. Unfortunately, self-doubt can overcome your decision-making. Starting a small [...] READ MORE
Gst at property settlement is a cashflow trap for those mum and dad developers.
GST at property settlement is a tax that needs to be deducted at settlement. It continues to catch out Mum and Dad developers walking the cashflow-type rope. Many are not aware that they will only have effectively 90% of the sale at settlement [...] READ MORE
June 2023 – Client Newsletter
As we end this Financial Year, this month our newsletter contains topics including: Tax Planning strategies at year end for Small BusinessSMSF Client WebinarWork related deductionsRental property deductionsSeniors Health CardHobbies and taxMaximising cashflow Click here to download Newsletter
SMSF 2023 Client Webinar
Regulatory Changes: The Australian government frequently reviews and updates regulations related to SMSFs. SMSF trustees must stay informed about changes to compliance requirements, reporting obligations, investment restrictions, or contribution caps. What we will cover• New Labour Government – whats changing after the May [...] READ MORE
Budget Edition Newsletter – May 2023
Enjoy our Federal Budget summary Newsletter which includes: Superannuation is to be paid with wages - starting from 2026Instant asset write-off, down to $20kGDP adjustment factorSuperfund non-arms length expenditure review new rulesATO compliance program – more strength to collect taxes and keep you on [...] READ MORE
May 2023 – Gartly Newsletter
Enjoy the read! This month our newsletter contains tax issues such as: Temporary Full Expensing ceases in JulyFederal Budget - what to expectLatest developments in Trust distributionSMSF changes from July 2023Which option to finance my new car? Click here to download Newsletter
Estate Planning and SMSF : Leveraging the Power of SMSF
Estate planning and SMSF can play a large role when it comes to Estate planning, which is an often-overlooked aspect of financial planning when executing your Will, superannuation, and wishes. Estate planning determines how your assets will be distributed once you pass away. [...] READ MORE
What a buyer looks for when buying a small business
When buying a small business, a buyer typically looks for several key factors to ensure the purchase is a good investment. Here are ten things that a buyer might look for in the decision process: Financial performance: The buyer will want to see [...] READ MORE
How can I make my small business successfull?
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 [...] READ MORE
How long should I be staying around after selling my business
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 [...] READ MORE
April 2023 – Gartly Newsletter
Welcome to our April 2023 Newsletter. Our newsletter this month contains tax issues such as : Clarity on Trust Distributionsthe new rules on $3m Super balancesElectric cars exempt from FBTHow to Spot a Crypto ScamGST Audits and How to avoid themHow to find [...] READ MORE
Should I sell my factory when I sell my business
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 [...] READ MORE
A Simple Business plan that works
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 [...] READ MORE
The emotion to sell my business
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 [...] READ MORE
Renovating and flipping your home for profit . The potential Tax Implications
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 [...] READ MORE
Is an SMSF setup right for you?
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 [...] READ MORE
Your exit planning journey
Are you considering the future of your small business and wondering how to begin the exit planning journey? Unfortunately, many small business owners are in the same position as you, and it can be challenging to know where to start. However, with the [...] READ MORE
Cost reduction and Maximizing Profit in Your 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 [...] READ MORE
5 Steps to Make Your Business Sale Ready and Increase Its Value
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 [...] READ MORE
Sales tools for 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? [...] READ MORE
SMSF and commercial property
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 [...] READ MORE
Reminder: new .au domain names – have you got yours register your business now!
.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 [...] READ MORE
Small business specialist advice pathways grants to help you build your business!
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 [...] READ MORE
Downsizer contribution eligibility to be lowered to age 55
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 [...] READ MORE
What to do when a loved one dies?
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 [...] READ MORE
Small business cashflow
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 [...] READ MORE
Am I a share trader for tax purposes?
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 [...] READ MORE
Local manufacturing
Local manufacturing businesses based in the South East area in Melbourne such as Moorabbin and areas such as Currum Downes and Seaford can take advantage of bringing forward tax incentives to help their manufacturing business. Helping local manufacturing businesses Gartly Advisory are Melbourne [...] READ MORE
Builders and developers face uncertain times
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 [...] READ MORE
Business Ratios for a healthy small business
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 [...] READ MORE
When is a home exempt from CGT
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 [...] READ MORE
Acting as an SMSF Trustee and incapacity!
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 [...] READ MORE
Your’e Net Promotor Score
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 [...] READ MORE
Business exit planning for couples
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 [...] READ MORE
Weekly Newsletter April 7th
Super Guarantee Charge reminder. This is just a reminder that employers must meet their SGC obligations by the due date for the last quarter, which is Thursday 28th April 2022. The date super has been paid is when the payment hits the employee's [...] READ MORE
Customer Discounting for a trade business leads to profit leaks
Discounting leads to disaster for small business trade who discount to get work
Weekly Newsletter March 31st
The Federal Budget 2022 Here is our quick summary of the Federal Budget handed down on Tuesday. The Budget focused on keeping business and the economy going during uncertain times. It would be also be drafted with a focus on the following Federal [...] READ MORE
Weekly newsletter
Insolvency – Worrells Liquidation observations Despite the last 2 years being a rocky road for small businesses in Australia, liquidations and actions by the ATO have been very low. Yesterday I attended the Worrells Solvency seminar on the current state of play. Here [...] READ MORE
Car logbook and my car expenses deduction
You must only claim motor vehicle expenses relating to work travel and we recommend a logbook will substantiate your claim. To substantiate car expenses the ATO requires that you keep a car logbook or use the 20% statutory method. The car logbook is [...] READ MORE
Claiming occupancy expenses if your home business and cgt.
The implications of your home business and cgt needs to be considered if your home is regarded as a place of business. Typically many small businesses operate their business out of the home. Especially since the onset of covid. Occupancy expenses you can [...] READ MORE
What helps increase your motel occupancy rate and keeps your customers coming back to your accommodation business?
Motel Occupancy rates are a good indication of the profitability of your accommodation business. What brings back your customers? Why do some accommodation providers have high occupancy rates and some don't? In the seventies, it was “free colour tv ” now it is [...] READ MORE
Understanding job profit on my last job?
Making job profit on every job is important to make a profit and cover your business overheads and administration. In the world of Building and Construction, there are many types of tradespersons who operate small businesses in Australia. Some people are great trades [...] READ MORE
Rental expenses claim. Keeping the ATO happy
Are you claiming rental expenses that might relate to the private use of your rental property? The ATO has indicated that they intend to review taxpayers who have rental properties. Who’s on the title is important! When declaring the property. The ATO will [...] READ MORE
Can my Company pay a Franked Dividend?
Franked Dividends pay the shareholder a dividend and credit some of the tax paid by the Company. This is called franking and is transferring the tax as a credit when the Company pays Profit to shareholders and ensures that the tax paid is [...] READ MORE
New business startup what to do!
Starting out in a new business and being your small business startup journey I remember many years ago how exciting it was to begin the small business journey. It has been a journey twenty years later that's is full of ups and downs, [...] READ MORE
What happens to my business when I die?
When I die what happens to my business and my affairs? Will my business continue or just stop? If you were running as a sole trader and you die, in most cases, your legal personal representative will step in . It is their [...] READ MORE
Brighton Accountants
Brighton (3186) accountants are here to help based in Ormond! Gartly Advisory are Accountants based in Ormond, Melbourne. While we are not based in Brighton 3186, many of our clients are! Accountants that help Brighton Small business You need a professional Chartered Accountants group [...] READ MORE
A smart Cashflow Strategy will generate better business profits!
For many businesses, cash flow is an issue that holds the business back. But, unfortunately, there never seems like there is never enough cash when you need it. With Christmas around the corner, it’s time to plan. Naturally, a business owner will not [...] READ MORE
Why success will outdo failure every time
Are you taking a giant step to make a difference or falling into a black hole? The fear of failure has killed more dreams than all other fears combined. The fear of failure is insidious because it's mainly in your imagination. It can [...] READ MORE
Do you need a Proactive Small Business Accountant based in Melbourne?
When you need a Small business accountant who can provide you with advice that you can act on, talk to Gartly advisory Small Business Accountants Gartly Advisory is a passionate small business accountant. We help the businesses that grow and provide you with [...] READ MORE
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Geoff and the whole team at Gartly’s stand out as a reliable and dedicated accounting firm for small businesses. With their expertise, personalised approach, reliability, and commitment to client satisfaction, Gartly Advisory is a trusted partner. Their exceptional service make them a top choice for small business accounting needs.
