Tag: business planning

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.…

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…

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…

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?…

At Sharp Accounting, everything starts with understanding what matters most to you. For many of our clients, that is family, time freedom and financial freedom. In this video, Glenn shares how we help clients clarify their priorities and build a plan that supports both their financial goals and the life they want to lead.These foundations…

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…

A successful succession plan depends on more than agreements and financial structures. The people involved are what ultimately determine whether the transition is smooth or difficult. Preparing the next generation for leadership requires clarity, communication and a steady focus on building capability long before the handover takes place. This preparation matters whether the successor is…

A successful business succession plan needs more than good intentions and a willing successor. The structure behind the handover is what protects the value you have built and ensures the next person steps into a stable and well-supported business. This stage of the succession journey focuses on the technical aspects of the work. It is…

When you start thinking about succession or selling your business, one of the first questions that comes up is, “What is my business worth?” Many business owners have a figure in mind, but it is often based on gut feeling rather than evidence. The reality is, the value of your business is determined by more…

In my last article, I talked about why every business needs a succession plan. This time, let’s look at how to get started. Succession planning is not just about what happens when you step away. It is about setting your business up so it can continue to thrive without you. The earlier you begin, the…