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Tuning Your Small Business Strategy to be like an F1 Machine – 5 Power Moves to Kick Off the Financial Year

By |2025-07-02T11:18:36+10:0002/07/2025|Categories: Blog, Business growth|Tags: , , , , |

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

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July 2025 Newsletter

By |2025-07-01T15:43:33+10:0001/07/2025|Categories: Blog, Business growth, small business, SMSF, Super, Taxation|Tags: , , , , |

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 pension means test changes – what they mean for you Changes to deductibility of interest on ATO debts Selling shares? Beware of all the CGT rules.     Click here to download our July Newsletter     Contact us on 03 9597 9966 if you have any questions relating to matters raised in any of our Client [...] READ MORE

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Don’t let Trump’s tariffs ruin your business

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

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

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Ormond Small Business

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

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

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June 2025 Newsletter

By |2025-06-02T19:09:48+10:0002/06/2025|Categories: Blog|Tags: , , , , , , , , |

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 return We take a closer look at some common deductions that the ATO often keeps a close eye on, like working from home costs and using your own car for work. Our tips will help you get your claims right and avoid unwanted surprises.   2. Proposed Division 296 tax: Key issues and implications There’s been a [...] READ MORE

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Divorce and my business :Protecting Your Small Business During Divorce

By |2025-05-25T18:07:43+10:0025/05/2025|Categories: Blog, Dispute management, Estate Planning|Tags: , |

Divorce and my business are the number one questions that we often get asked. What happens and how can we manage the damage? We are here to help, as divorce can be hard. 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 its where you may have questions on how divorce and my business will end up. Whether your partner was a co-owner, silent investor, or simply involved in the day-to-day running of things, separation [...] READ MORE

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

By |2025-05-12T11:56:23+10:0008/05/2025|Categories: Blog, small business, Super, Taxation|Tags: , , |

Have you thought about paying yourself a wage as a business owner? Stop treating your business like an piggy bank you can just raid. Start getting paid properly by paying yourself a wage as a business owner.Running your own business comes with freedom, flexibility… and sometimes, financial iregularity. One of the biggest traps business owners fall into is not paying themselves a regular wage. Whether you're a sole director company or managing a growing team, it’s time to put yourself on the payroll. Here’s why paying yourself a steady wage isn’t just smart—it’s essential for a growing business. As a [...] READ MORE

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May 2025 Newsletter

By |2025-04-30T19:25:40+10:0001/05/2025|Categories: Blog, CGT, Estate Planning, News for you, Super, Taxation|Tags: , , , , , , , |

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 and property development Click here to download our May Newsletter Contact us on 03 9597 9966 if you have any questions relating to matters raised in any of our Client Newsletters.

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Why Business Owners Should Act Now before 30th June, 2025

By |2025-04-24T13:02:26+10:0024/04/2025|Categories: Blog, News for you, Services accounting for small business, small business, Taxation, Trade & construction|Tags: , , , , , , , , |

  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 businesses can deduct the full cost of assets (up to $20,000 each) in the same year that they are purchased and installed—no waiting, just real-time tax savings. 💸 Free Up Cash Flow & Fuel Growth Less tax = more cash to reinvest in other parts of the business such as Hiring and upskilling staff, Marketing campaigns, Office [...] READ MORE

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April 2025 Newsletter

By |2025-04-23T22:45:12+10:0023/04/2025|Categories: Blog, Business growth, Estate Planning, Exit Planning, Services accounting for small business, small business, Taxation|

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 sets them apart • No CGT exemption for homes held on trust • Concessional contributions: can there be too much of a good thing? Click here to download our April Newsletter Contact us on 03 9597 9966 if you have any questions relating to matters raised in any of our Client Newsletters.

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Budget 2025-26 Newsletter

By |2025-04-23T22:35:17+10:0023/04/2025|Categories: Blog, News for you, Taxation|

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 • Super Guarantee payable on payday from 1 July 2026 • Extra tax for super earnings for account balances above $3 million • Energy bill relief • Expanding bulk billing incentives • Cheaper medicines Click here to download our Budget Newsletter Please feel free to contact our office on 03 9597 9966 if you have any queries about [...] READ MORE

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ATO interest charges

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

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

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Don’t Stop Marketing When Business is Okay

By |2025-03-31T12:28:59+11:0031/03/2025|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, consistent marketing is not something you should only focus on during the quiet times. In fact, stopping your marketing when business is good is one of the fastest ways to hit a dry patch later. The most successful businesses understand that marketing is not just a fix for [...] READ MORE

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Tracking Sales Performance for Your Small Business

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

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

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Does your business team functions like a F1 racing team!

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

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

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Product development and keeping your products or service new

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

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

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March 2025 Newsletter

By |2025-03-04T16:29:22+11:0003/03/2025|Categories: Blog, Business growth, News for you, Services accounting for small business, small business, Taxation|Tags: , , , , , , , , |

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 Contact us on 03 9597 9966 if you have any questions relating to matters raised in any of our Client Newsletters.

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Superannuation Contributions and deadlines

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

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

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February 2025 Newsletter

By |2025-02-04T19:20:05+11:0004/02/2025|Categories: Blog, News for you, Services accounting for small business, small business, SMSF, Taxation, Trade & construction|Tags: , , , , , , , , , , |

  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 by the ATO Coalition election announcements Super and hardship: a safety net in financial difficulty ATO confirms tax deductibility of financial advice fees   Click here to download our February Newsletter     Contact us on 03 9597 9966 if you have any questions relating to matters raised in any of our Client Newsletters.    

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Transferring XRP to your SMSF

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

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

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Running a B n b using Your SMSF

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

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

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December 2024 Newsletter

By |2024-12-17T14:18:04+11:0017/12/2024|Categories: Blog, small business, SMSF, Taxation, Trade & construction|

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 any surprises. We explore claiming self-education expenses. While these costs are usually tax deductible if they relate to your work, there are some exceptions to be aware of. We also share “12 super tips for a merry and bright retirement.” These simple steps can help you get the most out of your super and build a more secure future. For [...] READ MORE

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November 2024 Newsletter

By |2024-12-17T14:13:28+11:0017/12/2024|Categories: Blog, small business, SMSF, Taxation, Trade & construction|

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 law   Enjoy reading our Newsletter here:  GARTLY-November-2024   Contact us on 03 9597 9966 if you have any questions relating to matters raised in any of our Client Newsletters.

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October 2024 Newsletter

By |2024-12-17T14:10:10+11:0017/12/2024|Categories: Blog, small business, SMSF, Taxation, Trade & construction|

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   Our Newsletter can be found here: GARTLY-October-2024   Contact us on 03 9597 9966 if you have any questions relating to matters raised in any of our Client Newsletters.

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September 2024 Newsletter

By |2024-12-17T14:05:54+11:0017/12/2024|Categories: Blog, small business, SMSF, Taxation, Trade & construction|

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 SMSF: Who can join the fund? “Debt recycling”…flavour of the month   Please read our Newsletter here: GARTLY-September-2024   Contact us on 03 9597 9966 if you have any questions relating to matters raised in any of our Client Newsletters.

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

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© Gartly Advisory Chartered Accountants 2024 
|  Privacy Policy & Website terms and conditions
| Complaints Policy |  Financial Services Guide

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