Category: Business Advisory

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,…

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…

Tax planning isn’t something you set and forget. Your strategy needs regular attention with changing regulations, business growth, and new opportunities. That’s why ongoing conversations with your accountant matter, ensuring you are proactive with your tax planning. Why regular tax planning makes a difference As your accountant and tax advisor, our goal is to help…

Your people are one of your business’s most critical assets. But are you doing everything you can to provide a supportive workplace that also drives performance and growth? This article explores practical ways to evolve your business, starting with your team. Investing in your employee experience isn’t just the right thing to do—it also enhances…

In the current fast-changing business landscape, unforeseen challenges can arise at any time. A well-structured business plan helps business owners navigate uncertainty, identify opportunities, and mitigate risks. It provides clarity, ensuring you’re prepared for any crisis while keeping your business on track for success. Why Now Is the Best Time to Create a Business Plan…

If you’re struggling to achieve the results you want, you may be missing a key element of The Results Mindset formula. This approach ensures that ideas are implemented, goals are achieved, and desired outcomes become a reality. The Formula for Achieving Results Decisions x Actions x Accountability = Results 1: Decisions: Defining Your Focus What…