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Practical accounting, tax and business advisory insights for Melbourne, Sydney and Gold Coast owners – SMSF, BAS, compliance and growth strategies.

Ormond Small Business

By |2025-06-04T06:05:42+10:0004/06/2025|Categories: Accounting & Business Insights, Business Growth & Scaling|

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 |2026-09-28T10:57:13+10:0002/06/2025|Categories: Accounting & Business Insights|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 |2025-09-26T17:03:05+10:0025/05/2025|Categories: Accounting & Business Insights, Business & Family Dispute Management, Estate Planning, Exit Planning|Tags: , , |

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

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

By |2025-11-20T10:42:07+11:0008/05/2025|Categories: Accounting & Business Insights, small business, Superannuation, Taxation & Tax Advice|Tags: , , |

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

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May 2025 Newsletter

By |2026-09-28T10:57:21+10:0001/05/2025|Categories: Accounting & Business Insights, Capital Gains Tax (CGT), Estate Planning, News & Updates, Superannuation, Taxation & Tax Advice|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: Accounting & Business Insights, News & Updates, small business, Small Business Accounting Services, Taxation & Tax Advice, 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 |2026-09-28T10:57:28+10:0023/04/2025|Categories: Accounting & Business Insights, Business Growth & Scaling, Estate Planning, Exit Planning, small business, Small Business Accounting Services, Taxation & Tax Advice|

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 |2026-09-28T10:57:41+10:0023/04/2025|Categories: Accounting & Business Insights, News & Updates, Taxation & Tax Advice|

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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Caravan Park Planning expanding accomodation

By |2025-04-21T13:10:57+10:0021/04/2025|Categories: Accounting & Business Insights, Growth Tools for Small Business|

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

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Who might be impacted by your sale of business

By |2025-04-06T08:57:47+10:0006/04/2025|Categories: Accounting & Business Insights, Exit plan, Growth Tools for Small Business|Tags: , |

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

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ATO interest charges

By |2025-04-05T17:06:50+11:0005/04/2025|Categories: Accounting & Business Insights, small business, Taxation & Tax Advice|Tags: , |

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

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Don’t Stop Marketing When Business is Okay

By |2025-09-24T10:43:36+10:0031/03/2025|Categories: Accounting & Business Insights|

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

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Tracking Sales Performance for Your Small Business

By |2025-03-26T10:00:36+11:0026/03/2025|Categories: Accounting & Business Insights, Business Growth & Scaling|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: Accounting & Business Insights, Business Growth & Scaling, Small Business Accounting Services|Tags: |

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

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How To Maximise Profit for Your Business

By |2025-08-28T08:14:49+10:0007/03/2025|Categories: Accounting & Business Insights, Business Growth & Scaling|Tags: , , |

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

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Product development and keeping your products or service new

By |2025-03-05T10:03:25+11:0005/03/2025|Categories: Accounting & Business Insights, Business Growth & Scaling|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 |2026-09-28T10:57:49+10:0003/03/2025|Categories: Accounting & Business Insights, Business Growth & Scaling, News & Updates, small business, Small Business Accounting Services, Taxation & Tax Advice|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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Paying a Dividend from my company or Keep the Profits ?

By |2026-01-12T10:16:14+11:0001/03/2025|Categories: Accounting & Business Insights, Business Growth & Scaling, Small Business Accounting Services|Tags: , , |

‍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

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Superannuation Contributions and deadlines

By |2025-02-21T11:35:42+11:0021/02/2025|Categories: Accounting & Business Insights|

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 |2026-09-28T10:57:56+10:0004/02/2025|Categories: Accounting & Business Insights, News & Updates, small business, Small Business Accounting Services, SMSF (Self-Managed Super Fund), Taxation & Tax Advice, 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: Accounting & Business Insights, SMSF (Self-Managed Super Fund)|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: Accounting & Business Insights, Estate Planning, small business, SMSF (Self-Managed Super Fund), 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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5 Tips for Keeping Your New Year’s Resolutions

By |2026-09-28T12:23:55+10:0031/12/2024|Categories: Accounting & Business Insights, Business & Accounting Insights|Tags: , , |

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 you achieved your goals! Change Your Thinking It's very possible to overcome your habit of giving up on New Year's resolutions with a few basic tips. Above all else, avoid regarding your resolutions as something to aspire to and then forgetting them when they no longer seem pertinent or interesting. New Year's resolutions can be extremely enriching [...] READ MORE

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December 2024 Newsletter

By |2026-09-28T10:58:03+10:0017/12/2024|Categories: Accounting & Business Insights, small business, SMSF (Self-Managed Super Fund), Taxation & Tax Advice, 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 |2026-09-28T10:58:17+10:0017/12/2024|Categories: Accounting & Business Insights, small business, SMSF (Self-Managed Super Fund), Taxation & Tax Advice, 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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