Business
27 articles from the BTMH team.
Director ID reporting changes are coming from 1 July 2027
From 1 July 2027, companies will need to provide director IDs to ASIC as part of some company updates. This may include: annual company reviews; appointing a new director; removing…
Read more →
Has your business crossed a GST threshold? Here’s what changes from 1 July 2026
If your GST turnover has dropped below the $75,000 threshold, you may be eligible to cancel GST registration or move to simpler reporting options from 1 July.From 1 July 2026,…
Read more →
FBT 2026 – how we approach it with clients
Before lodging electronically, FBT, the key step is to confirm what employee-related expenses exist and whether they create an FBT obligation. This is how we approach it with clients. 1….
Read more →
FEDERAL BUDGET 2026-27: What it means for your business
The Federal Budget has landed – and there’s quite a bit in it that affects how you run and structure your business. Here’s what you need to know, and what…
Read more →
Fuel Response Payment Plan – our approach to assessing if you qualify
Fuel Response Payment Plan – our approach to assessing if you qualify Fuel Response Payment Plan is not a grant – it’s a fuel-related ATO payment arrangement for the taxes…
Read more →
PayDay Super – practical checklist for businesses
From 1 July 2026, super must be paid on each payday instead of quarterly. You can work through this internally, or we can help you review your setup. What this…
Read more →
Small business CGT concessions: what you should know
If you’re a small business owner in Australia planning to sell or restructure your business, capital gains tax (CGT) may apply. However, the Australian tax system offers small business CGT…
Read more →
2026 Financial checklist for small business
Starting 2026 with a clear financial review helps small businesses stay compliant, manage cash flow effectively, and avoid last-minute tax issues. This checklist outlines the key financial areas every Australian…
Read more →
Why should every business owner keep a travel diary?
When you travel for business – meeting clients, visiting suppliers or attending conferences – it’s important to keep clear records of your activities and expenses. This helps you claim tax…
Read more →
Claiming vehicle expenses: cents per km or logbook method?
If you use your car for business purposes, you may be able to claim a tax deduction – but how you calculate that deduction depends on the type of vehicle…
Read more →
Smart moves: why Sydney small businesses need a tax expert?
Running a café, freelancing, or selling online in Sydney? Managing Australia’s tax system can get complicated fast. From GST to super obligations, staying compliant while optimising finances is challenging. A…
Read more →
SafeWork NSW $1,000 Small Business Rebate
If you’re a small business owner in NSW, you may be eligible for the SafeWork NSW $1,000 Small Business Rebate. This rebate helps you purchase eligible safety items to make…
Read more →
Claiming business expenses: What’s allowed and what’s not
Running a business means you’ll have many expenses, but not all of them can be claimed as deductions at tax time. Knowing which costs you can claim helps you save…
Read more →
FBT 2025 – What Employers Need to Know Before Lodging
The 2025 Fringe Benefits Tax (FBT) year officially closed on 31 March 2025, and employers across Australia should now be turning their attention to their FBT reporting and compliance obligations….
Read more →
A Simple Tax Guide when Subdividing Your Land in NSW
A Simple Tax Guide when Subdividing Your Land in NSW Thinking about subdividing your land in NSW? Many property owners are transforming larger plots into smaller, more valuable lots. Here’s…
Read more →
Employee vs Contractor – How to Get It Right in 2025
In 2025, it’s important for businesses to understand the difference between employees and independent contractors. Getting this wrong can lead to tax issues and potential penalties. UNDERSTANDING THE BASICS The…
Read more →
Federal Budget 2025–26: What It Means for You and Your Business
Federal Budget 2025–26: What It Means for You and Your Business The Federal Budget for 2025–26, delivered on 25 March 2025, focuses on providing immediate support to households and businesses,…
Read more →
Key Changes from the 2024-25 Federal Budget that may affect you
With the new financial year just around the corner, we will soon see a few new taxation changes come into effect. Being formally publicised during the 2024-25 federal budget, some of the new changes t
Read more →
Increasing Compliance Activity – ATO Small Business Benchmark
There are many ways to improve your business’ performance. While a trip to the accountant is a great way to get professional help in the optimizing of business procedures, home…
Read more →
Cash Flow Management – The Key to Financial Success of Your Business!
Let’s start with the purpose: Proper cash flow management is crucial to maintain liquidity and growth All business decisions must be made in consideration of cash flow impact Cash is…
Read more →
What is Superannuation Guarantee?
Superannuation Guarantee is the super an employer must pay on top of wages. It is 12% of qualifying earnings, and since 1 July 2026 it has to reach the fund within seven business days of each payday rather than once a quarter.
Read more →
ATO Scams – What do I do?
Scams are easily the most prevalent danger we face in our day-to-day lives. Even if you are familiar with all the classic warning signs, your online safety is not guaranteed….
Read more →
Shareholders Agreement: a Must-Have to Reach Common Goals
If you’re going into a business with others, we strongly encourage you to put a decent Shareholders Agreement in place. When you plan your venture, your thoughts are most likely…
Read more →
What to Consider When Planning a Significant Acquisition? Large Transactions and Tax
People plan significant acquisitions from various angles. But large transactions, such as purchasing expensive equipment, taking out strategic lease, investment property or holiday house, may have different tax implications. However,…
Read more →
Navigating Succession Planning and Exit Strategies
Succession planning and exit strategies are vital for your business’s growth. A good plan guarantees a new owner’s success and lets you leave on your own terms, be it due…
Read more →
Small Business Tax Management: Driving Success Through Effective Financial Strategies
Why Small Business Tax Management is Essential for Growth Tax planning is a critical aspect of running a small business. It involves a comprehensive review of your business, personal goals,…
Read more →
How to Use Strategic Tax Planning to Reduce Your Taxes?
Tax planning is a vital aspect of financial management that allows individuals and businesses to optimise their tax liabilities. By strategically assessing and organising their financial affairs, taxpayers can legally…
Read more →