Accountant help – why we are an investment

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

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

Buying a Franchise?

By |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

August 2025 Newsletter

By |2025-10-06T00:04:20+11:0007/08/2025|Categories: Blog, CGT, News for you, small business, SMSF, Super, Taxation|Tags: , , , , , , , , |

    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 to expect from tax reform Tax deductibility of clothing     Click here to download our August Newsletter     Contact us on 03 9597 9966 if you have any questions relating to matters raised in any of our Client Newsletters.

July 2025 Newsletter

By |2025-10-06T00:10:05+11:0001/07/2025|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

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

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

By |2025-10-09T15:31:41+11:0008/05/2025|Categories: Blog, small business, Super, Taxation|Tags: , , |

For small business owners, wages and having an understanding of how to pay themselves are critical to maintaining both personal financial stability and 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 of which has different implications for tax and business sustainability. A well-structured owner’s wage strategy can also improve superannuation contributions and support future wealth planning. As a new business owner, you’re [...] READ MORE

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

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.

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

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.

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.    

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

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

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.

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.

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.

August 2024 Newsletter

By |2024-12-17T13:59:41+11:0017/12/2024|Categories: Blog, small business, Taxation, Trade & construction|

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 (by text) is hard to do Small business energy incentive   Our Newsletter can be found here:  GARTLY-August-2024     Contact us on 03 9597 9966 if you have any questions relating to matters raised in any of our Client Newsletters.

Trust vs Company

By |2025-08-24T16:39:09+10:0010/10/2024|Categories: Blog, Services accounting for small business, small business, Taxation|Tags: , , , |

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 Pty Ltd companies) are two popular structures. We stress that Family Trusts are for family affairs, but suitable for non-family ownership where two non-related partners enter into a business. Trust vs Company: Each entity type has advantages and considerations, and don't be surprised if the best structure is one of each. Here's a comprehensive overview to help [...] READ MORE

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