Unpacking the Proposed “$3 Million” Super Tax.
What High-Balance Members Need to Know As the 2024–25 financial year draws to a close, superannuants with large balances face a pivotal change. The March 2025 Budget introduced Division 296: a proposal to impose an additional 15 per cent tax on the portion of fund earnings attributable to Total Super Balances (TSB) above $3 million. Although the legislation has yet to pass through [...]
The Importance of Early and Proactive Tax Planning for Business Owners
For business owners, preparing for tax time often evokes a sense of stress and urgency. Many find themselves scrambling in June to gather receipts, organise financial documents, and meet compliance deadlines. But what if tax season didn't have to be frantic? What if, instead of reacting to tax obligations, you could strategically plan ahead to optimise your tax position while [...]
Stay Ahead: Key Takeaways from the 2025-26 Federal Budget
The 2025–26 Federal Budget handed down on 13 May 2025 reflects a combination of fiscal restraint and targeted support measures, with a strong emphasis on cost-of-living relief, housing, health and aged care, and the transition to a net zero economy. Here’s a summary of the key announcements. For the full report click here. Personal Taxation The Budget confirmed Stage 3 [...]
Selling Your Business? Key Financial Steps to Prepare
Selling a business is more than a financial decision—it’s an emotional journey. Whether you’re stepping away after years of hard work, pursuing new opportunities, or planning for retirement, the process of selling requires careful preparation to ensure you achieve your desired outcome. Regardless of the reasons behind the sale or the success of the business, one truth remains: financial readiness [...]
Do You Need a Tax Accountant? Key Benefits for High-Income Earners and Business Owners
For high-net-worth professionals and business owners, navigating Australia’s complex tax landscape can feel like solving an intricate puzzle. Between ever-changing regulations and the demands of managing wealth or running a business, the risks of missed opportunities or compliance issues are high. While some attempt to tackle taxes alone, the guidance of a professional tax accountant can be transformative—streamlining your obligations [...]
The value of audit in your business success strategy
Businesses that engage genuinely in the audit process will realise value in the confidence it can bring in terms of business success, financial security, improved profitability, efficiencies and productivity. For those seeking to attract new investors or finance from banks, audit offers additional opportunities to satisfy requirements and provide peace of mind. As Sydney accountants with a long established presence [...]