Post Type: Article

Self-Managed Super Funds (SMSFs) often make headlines for the wrong reasons. If you’ve been wondering whether an SMSF is worth considering, or you already have one but want to make it work harder for you, let’s cut through the noise. At Sharp Accounting, we work with business owners and individuals who want to take more…

Once you’ve set clear goals, built a practical budget, and defined your growth targets, the next step is action. But growth doesn’t come from doing more of everything; it comes from doing the right things, in the right markets, for the right customers. At Sharp Accounting, we help business owners assess which growth opportunities are…

Growth doesn’t happen by accident. It takes clear goals, focused planning, and consistent follow-through. We work with business owners to set direction, build momentum, and stay accountable to the targets that matter, which becomes your roadmap to business growth. Define the Right Goals Vague ambitions like “grow the business” don’t cut it. To achieve real…

As the new financial year approaches, many business owners are focused on strategy, structure and setting clear goals for the year ahead. One area that can significantly influence your growth is business development. We may be the strategic partner you did not realise you needed. At Sharp Accounting, we do more than look after your…

As a business owner, a clear and practical budget helps you take control of your finances and make informed decisions throughout the year. A budget shows what you plan to do with your cash in the coming 12 months. When used in conjunction with your profit and loss statement, balance sheet, and cash flow forecast,…

As the end of the financial year approaches, it’s crucial for individuals and employers to review their superannuation strategies, especially when it comes to concessional contributions. These contributions offer valuable tax benefits, but timing is critical when your super is held in a managed or retail super fund. If your fund does not receive concessional…

Capital gains tax (CGT) is a key consideration for Australian investors and business owners when disposing of assets. Understanding how to use capital losses to offset capital gains is an important strategy for minimising tax liability. This article outlines how capital losses work, how they can be applied against capital gains, and what rules and…

With strong commodity prices and continued innovation in the agricultural sector, many agribusinesses are looking ahead to a positive 2024–25. While seasonal variation and cost pressures remain, proactive tax planning can help Victorian farmers maximise profitability and prepare for future challenges. Here are a few key farm tax and planning strategies to keep in mind…

If you operate a discretionary trust (also known as a family trust), there’s a crucial deadline approaching that could significantly impact your tax bill. To avoid unnecessary tax of up to 47% on your trust’s income, you must prepare and sign a Trust Distribution Resolution before 30 June 2025. Here’s why it matters — and…

If you operate your business through a discretionary or family trust, there’s a smart strategy you should consider before 30 June 2025 — using a bucket company to cap your tax rate. This approach could significantly reduce the amount of tax you pay on trust profits, and it’s one that many business owners are taking…

When it comes to building long-term wealth, superannuation is one of the most powerful tools available to Australians. But beyond preparing for retirement, your super can also help you save on tax if you know how to use it effectively. One of the best strategies available in the lead-up to 30 June 2025 is making…

Tax planning takes advantage of lawful and strategic ways to minimise tax liabilities this financial year and in future years. While it may minimise taxes in any given financial year, tax planning works best when used as part of a long-term financial strategy. This post will outline some tax planning considerations for businesses and individuals…