Post Type: Article

We manage a lot of self-managed super funds at Sharp Accounting, and one thing we see more often than you might expect is members without a Binding Death Benefit Nomination in place. For an SMSF, a BDBN can be relatively straightforward to administer because the fund’s trust deed can set out how the nomination operates…

A payment plan can help solve a timing problem. It can’t fix a business that routinely uses money intended for GST, PAYG withholding or super to cover its operating costs. That distinction matters as the Australian Taxation Office continues to take a firmer approach to overdue business debt. At 30 June 2025, the ATO’s collectable…

For many business owners, selling the business is expected to fund retirement or the next stage of life. However, the sale price isn’t necessarily the amount the owner will ultimately retain. The proposed capital gains tax changes announced in the 2026-27 Federal Budget could affect that outcome for some business owners from 1 July 2027.…

The ATO rolled out a new super transfer verification requirement in May 2026, and if you use the ATO app to manage your superannuation, it affects how you move your super from here on. Here is what changed, who it affects and what you need to do. What Changed With ATO Super Transfer Verification in…

SMSF property investment just got a whole lot more competitive. The 2026 Federal Budget left the key rules inside superannuation intact, and in a market where everything else is shifting, that is a significant advantage. Here is what stayed the same, what it means, and why now is a good time to pay attention. What…

Every year, the federal budget gets handed down, and a lot of it doesn’t seem relevant for business owners, but this year, there are a few changes that may impact more than you realise. The detail really matters here. There are changes to capital gains tax, negative gearing, and business structures that will directly affect…

What the big funds don’t make obvious, and what to do about it. For years, Australians have trusted large superannuation funds to manage their retirement savings. But increasingly, many are asking, “Is this really working for me?” If you’ve ever felt disengaged, frustrated, or unsure about how your super is being managed, you’re not alone,…

Here’s a common mistake we see often at tax time: claiming car expenses based on a car logbook that no longer reflects how you actually use your vehicle. The Australian Taxation Office has reminded taxpayers that now is a good time to check whether your car logbook is still doing its job. Many people assume…

A client recently came in, ready to sign finance paperwork for a new work vehicle. He’d sorted everything with his bank – just needed our signature on the company financials. Before we signed anything, we asked him one question: “How does your business report GST – cash or accrual?” He paused. “Accrual, I think. Why…

From 1 July 2026, superannuation payments shift from quarterly to payday. For most business owners, this change hasn’t even registered yet – but it will have a major direct impact on cash flow. In our strategic planning sessions over the past few months, we’ve been working through what this means for clients who are building…

You’re running a profitable business. Revenue is strong, you’ve built a solid team, and the kids are in private school. By most measures, you’ve made it. But here’s the question that keeps successful business owners awake at night: are you making the most of what you’ve built, or are you leaving money on the table?…

The final weeks of the year tend to push every business owner a little harder than usual. There is pressure to finish everything, keep the team steady and prepare for what comes next. This is exactly when taking a step back becomes essential. A proper break is not about slowing down progress. It is about…