https://btmh.com.au/blog/ Business Tax & Money House (BTMH) is a Bondi Junction accounting and tax firm offering tax, business, accounting, SMSF and growth advisory services. en-AU Wed, 16 Sep 2026 00:00:00 GMT https://btmh.com.au/director-penalties/ https://btmh.com.au/director-penalties/ Wed, 16 Sep 2026 00:00:00 GMT A company's debts are the company's – with three exceptions. Unpaid PAYG withholding, GST and super can be recovered from directors personally through a director penalty notice. What the notice is, how it arrives, and why the date on it matters more than the date you read it. Business Business Structure https://btmh.com.au/the-new-1000-deduction-and-its-one-trap/ https://btmh.com.au/the-new-1000-deduction-and-its-one-trap/ Wed, 16 Sep 2026 00:00:00 GMT From 2026-27, employees get an automatic $1,000 deduction for work-related expenses – no receipts, no logbook. Mostly that means less admin. But there is one catch that trips people up. Uncategorized https://btmh.com.au/is-your-business-ready/ https://btmh.com.au/is-your-business-ready/ Thu, 03 Sep 2026 00:00:00 GMT Is your business ready? The ATO is watching closer in 2026 The ATO can now see your bank transactions, contractor payments, even income from Uber or Airbnb – all cross-checked… Business Structure Financial Compliance https://btmh.com.au/how-to-calculate-gst/ https://btmh.com.au/how-to-calculate-gst/ Tue, 01 Sep 2026 00:00:00 GMT GST is 10% of the price before GST, which means it is one-eleventh of the price your customer pays. Take 10% off the total and you overpay the ATO on every invoice. Here is the arithmetic, both directions, with the shortcuts worth memorising. Taxes Tips https://btmh.com.au/starting-contractor-business/ https://btmh.com.au/starting-contractor-business/ Tue, 01 Sep 2026 00:00:00 GMT If you are picking up contracting work on site, you do not need a company, a trust or a business plan. You need an ABN, a bank account and a handful of things nobody tells you about – super, insurance and the reason the ATO already knows what you were paid. Business Business Structure https://btmh.com.au/the-company-structure/ https://btmh.com.au/the-company-structure/ Tue, 01 Sep 2026 00:00:00 GMT A company is a separate legal person that owns the business, signs the contracts and owes the debts. That line between the company and you is the whole reason most businesses end up in one – so it is worth knowing exactly where the line holds, and the three situations where it does not. Business Business Structure https://btmh.com.au/the-trust-structure/ https://btmh.com.au/the-trust-structure/ Tue, 01 Sep 2026 00:00:00 GMT A trust is not a thing that trades so much as a way of holding something. Understanding who the trustee is, what the deed says and why the income has to go out every year is most of what you need before deciding whether one belongs in your structure. Business Business Structure https://btmh.com.au/unit-trust-vs-company/ https://btmh.com.au/unit-trust-vs-company/ Tue, 01 Sep 2026 00:00:00 GMT Both give every owner a defined, transferable stake, so both work between unrelated parties. The choice turns on two things that pull in opposite directions: whether profit can stay in the entity, and whether the character of income survives the trip out to the owners. Business Business Structure https://btmh.com.au/director-id-reporting-changes-are-coming-from-1-july-2027/ https://btmh.com.au/director-id-reporting-changes-are-coming-from-1-july-2027/ Tue, 21 Jul 2026 00:00:00 GMT 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… Business Business Structure Financial Compliance News https://btmh.com.au/buying-a-house-through-your-super-the-rules-just-changed/ https://btmh.com.au/buying-a-house-through-your-super-the-rules-just-changed/ Mon, 13 Jul 2026 00:00:00 GMT If you’ve ever thought about using your self managed super fund to buy an investment property, there’s a new deadline you need to know about. From 10 August 2026, SMSFs… News Superannuation https://btmh.com.au/new-aml-ctf-rules-what-do-they-mean-for-btmh-clients/ https://btmh.com.au/new-aml-ctf-rules-what-do-they-mean-for-btmh-clients/ Fri, 10 Jul 2026 00:00:00 GMT From 1 July 2026, new Australian Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws apply to certain services provided by accountants and advisers. As part of these requirements, BTMH may need… News https://btmh.com.au/working-from-home-deduction-what-the-70c-rate-actually-means/ https://btmh.com.au/working-from-home-deduction-what-the-70c-rate-actually-means/ Fri, 05 Jun 2026 00:00:00 GMT Working from home? You can claim related costs as a cents-per-hour worked method. ATO allows a claim of 70c per hour worked from home. Here’s how it works and where… Individual Tax Return Tax Returns Taxes https://btmh.com.au/has-your-business-crossed-a-gst-threshold-heres-what-changes-from-1-july-2026/ https://btmh.com.au/has-your-business-crossed-a-gst-threshold-heres-what-changes-from-1-july-2026/ Mon, 01 Jun 2026 00:00:00 GMT 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,… Business Taxes https://btmh.com.au/fbt-2026-how-we-approach-it-with-clients/ https://btmh.com.au/fbt-2026-how-we-approach-it-with-clients/ Mon, 25 May 2026 00:00:00 GMT 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…. Business Taxes https://btmh.com.au/federal-budget-2026-27-what-it-means-for-your-business/ https://btmh.com.au/federal-budget-2026-27-what-it-means-for-your-business/ Tue, 19 May 2026 00:00:00 GMT 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… Business Business Growth Business Structure Financial Compliance Loans Taxes https://btmh.com.au/federal-budget-2026-27-what-it-means-for-your-personal-finances/ https://btmh.com.au/federal-budget-2026-27-what-it-means-for-your-personal-finances/ Tue, 19 May 2026 00:00:00 GMT Every budget brings change – but this one has some real bite for investors, especially owners of investment properties. Here’s what the 2026–27 Federal Budget means for your personal finances,… Individual Tax Return News Tax Payments Tax Returns Taxes https://btmh.com.au/fuel-response-payment-plan/ https://btmh.com.au/fuel-response-payment-plan/ Fri, 08 May 2026 00:00:00 GMT 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… Business Business Structure News Taxes https://btmh.com.au/payday-super-practical-checklist-for-businesses/ https://btmh.com.au/payday-super-practical-checklist-for-businesses/ Thu, 23 Apr 2026 00:00:00 GMT 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… Business Business Structure Payroll https://btmh.com.au/top-cyber-security-tips-for-individuals-2026-guide/ https://btmh.com.au/top-cyber-security-tips-for-individuals-2026-guide/ Wed, 11 Feb 2026 00:00:00 GMT Cyber criminals are constantly looking to steal personal information, money and identities. The good news is that many cyber-attacks can be prevented from using basic security habits. This guide covers… News Tips https://btmh.com.au/top-cyber-security-tips-for-businesses-2026-guide/ https://btmh.com.au/top-cyber-security-tips-for-businesses-2026-guide/ Tue, 03 Feb 2026 00:00:00 GMT Cyber security is not just a technical issue – it’s a business risk. If your business data is lost, stolen or compromised, recovery can be costly, time-consuming and damaging to… News Tips