Most small business owners spend years building something worth having. They manage cash flow through tight quarters, navigate compliance obligations, retain staff, serve clients, and reinvest when they probably should not have. The business survives because of them. And yet, when it comes to planning what happens when they step away, most do nothing. New…
The end of financial year has a habit of sneaking up on busy business owners. One minute you’re heads-down chasing invoices, the next minute it’s late June and you’re scrambling to find receipts, chase super deadlines, and work out whether that ute purchase actually qualifies for a deduction. It doesn’t have to be that way.…
The 2026-27 Federal Budget was handed down by Treasurer Jim Chalmers on the evening of 12 May 2026. For Queensland small and medium business owners, it’s one of the more consequential budgets in years. There’s good news on the business front (an instant asset write-off that’s finally being made permanent, the return of loss carry-back,…
April 2026 | Australian Accounting & Tax Update The next few months are shaping up to be one of the most consequential periods for small business compliance in recent memory. Between Payday Super on the horizon, a tax income rate cut coming in July, a critical asset write-off deadline, and another wage review cycle…
For many small business owners, the end of the financial year (EOFY) has a habit of arriving much faster than expected. One moment the year is in full swing, and the next it is June and business owners are scrambling to gather receipts, reconcile accounts, and understand what their tax position looks like. Unfortunately, leaving…
As the new financial year approaches this July, small business owners have a fantastic opportunity to review their strategies and implement fresh ideas to boost success. As a small business accountancy firm, we at VBA Tax understand the importance of proactive planning and making informed decisions to maximise your business’s potential. What do you…
As the end of the financial year approaches, small business owners must take the time to plan and prepare for the upcoming year. Budgeting is a critical aspect of this process, as it helps you understand your financial situation, set realistic goals, and make informed decisions about your business’s future. Here’s how you create an…
Why Tax Planning Matters As small business owners, we often find ourselves juggling multiple responsibilities, from managing operations and ensuring profitability, to managing staffing issues and marketing campaigns. Amidst the hustle, tax planning might not always take priority. However, tax planning before the end of the financial year can significantly impact your bottom line…
As a small business owner, the start of a new financial year can bring both excitement and a host of responsibilities. It’s crucial to stay informed and prepared for the changes and obligations that lie ahead. By addressing key aspects such as award pay rate increases, superannuation contributions, STP finalisation, WorkCover renewals, and budget planning,…
Tax time is fast approaching and with the current economic climate starting to shift its good to start your tax planning early. As FY22 comes to an end we begin to look ahead to the upcoming annual tax season. After a particularly strange year in the global economy, and with a small amount of uncertainty…