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News and tips for business owners, families and investors.

Our blog is designed to make accounting, tax and business advice easier to understand. Explore practical articles, updates and insights from the Amarose Accounting team to help you make confident financial decisions.

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Start the New Financial Year with a Profit First Accountant

The start of a new financial year is the perfect opportunity to reset your financial habits, take control of your cash flow and finally put profit first. Running a business...

EOFY Isn’t Just About Tax. It’s A Health Check For Your Business.

For a lot of business owners, the end of financial year feels like a scramble. Missing receipts. Unreconciled accounts. Questions about super. Trying to remember what happened six months ago....

Negative Gearing Changes Australia 2026: What Property Investors Should Know

The conversation around negative gearing changes Australia 2026 is back in the headlines again. And whenever it comes up, emotions usually follow pretty quickly. For some Australians, negative gearing is...

Trust Distribution Changes Australia 2026: What Business Owners Need To Know

The proposed trust distribution changes Australia 2026 announced in the Federal Budget have created a lot of discussion across accounting, legal, and business communities. And honestly, that’s not surprising. Discretionary...

Payday Super Australia 2026: What Employers Need To Know Before 1 July

The Payday Super Australia 2026 changes are one of the biggest payroll and compliance shifts Australian businesses have faced in years. From 1 July 2026, employers will need to pay...

Australia’s Minimum Wage Is Increasing From 1 July 2026. Here’s What Business Owners Need To Know

The Minimum Wage Increase Australia 2026 announcement will affect millions of Australian workers and business owners from 1 July 2026. With higher payroll costs, super obligations and cash flow pressure...

Capital Gains Tax and Negative Gearing Changes: What Australian Property Investors Need to Know

Capital gains tax and negative gearing reforms are back in the headlines. And whenever these conversations start, property investors naturally start asking questions. Should I still buy property? Will the...

ATO Cracks Down on Holiday Home Tax Deductions: What Property Owners Need to Know

If you own a holiday home and rent it out occasionally through Airbnb, Stayz or short-term bookings, the ATO is paying closer attention. If you own a holiday property and...

Australian Federal Budget 2026–27: What the Changes Mean for Australians, Business Owners & Investors

The Australian Government has officially handed down the 2026–27 Federal Budget, and this year’s announcements focus heavily on: cost of living relief housing affordability tax reform small business support productivity...

FBT End of Year: What Business Owners Need to Know (Without the Headache)

FBT is here… and it catches more people than you’d think If you’ve ever paid for a team member’s car, covered accommodation, or set up a salary sacrifice arrangement, this...

Tax Planning for Small Business Owners in Australia: What to Do Before 30 June

For many business owners, tax only becomes urgent in the final weeks of the financial year. That is when the questions start. What will the tax bill be? Is there...

Thinking About an SMSF? Here’s What You Really Need to Know First

Self-Managed Super Fund (SMSF) Accounting and Compliance Support A Self-Managed Super Fund, or SMSF, can offer greater control and flexibility over your superannuation. For the right people, it can be...

10 Practical Ways to Get Your Business Ready for 2026

The start of a new year brings a natural reset. Kids are back at school. Work routines are returning. And for many business owners this is the moment to pause,...

Your End-of-Year Business Budget Reset: A Fresh, Fun Way to Step Into the New Year With Confidence

As the calendar year starts winding down, most small business owners feel one of two things: a sudden burst of “new year, new me” energy or an overwhelming desire to...

Payday Super: What Business Owners Need to Know (Before July 2026)

With the introduction of Payday Super, employers can streamline super contributions and reduce the risk of missed or late payments. For years, Australia’s superannuation guarantee (SG) rules have let employers...

Do You Really Know the True Cost of Your Staff?

When you think about the true cost of staff, it’s tempting to stop at their salary or their hourly rate. However, that number only scratches the surface. The real cost...

Why Great Accountants Are One of Your Business’s Most Valuable Assets

How a trusted business accountant adds real value—and why it’s worth investing in the right one! As a new financial year begins, business owners often start to ask: Is my...

Superannuation Guarantee Increases to 12% from 1 July 2025: What Small Business Owners Need to Know

As of 1 July 2025, the Superannuation Guarantee (SG) rate has increased to 12%, marking the final step in the government’s plan to enhance retirement savings for Australian workers. The...

What’s Changing for Small Businesses from 1 July 2025

Your full guide to legislation, deductions, and payroll changes for small business starting 1 July 2025 for the new financial year. From super and wage increases to new compliance obligations,...

Is Your Business Ready for Tax Time? Here’s What You Need to Know This EOFY 2025

As the financial year draws to a close, there’s one big question every business owner should be asking: “Am I prepared for my business tax return?” Whether you’re running a...

Why Smart Business Owners Prepare Early for EOFY

As the countdown to 30 June ticks on, small business owners across Australia feel the familiar EOFY (End of Financial Year) rush creeping in. However, the truth is that the...

No More Deductions on Interest: ATO Interest No Longer Tax-Deductible from 1 July 2025

If you’re a business owner who sometimes falls behind on tax payments, there’s a big change coming that you need to know about. From 1 July 2025, the Australian Taxation...

Why Do I Need a Logbook for my vehicle? A Practical Guide for Australian Small Business Owners

If you’re wondering “why do I need a logbook?” for your business vehicle, the answer lies in how you claim car expenses with the ATO—and how much tax you might...

What’s the Best Business Structure for You in 2025?

Choosing the right business structure isn’t just a box to tick when registering your ABN. It’s a decision that can shape your tax obligations, personal liability, compliance requirements, and even...

Why Choosing a Certified Profit First Accountant Can Transform Your Business (and Your Bank Balance)

Let’s be honest—when it comes to small business finances, most people feel a little (or a lot) overwhelmed. You’ve got income rolling in, bills going out, tax time creeping up,...

It’s Tax Planning Time – Here’s Why You Shouldn’t Wait

June 30 is just around the corner—and that means it’s tax planning season. For small business owners, sole traders, and individuals alike, this is the time to take a step...

FBT 2025: Your Guide to Fringe Benefits Tax, What’s Changing, What to Watch, and How to Stay ATO-Compliant

It’s that time of year again — and no, we’re not talking about Easter eggs or end-of-quarter reports. March 31st marks the end of the Fringe Benefits Tax (FBT) year...

Avoiding the Business Owner Burnout

Running a business isn’t just a job—it’s a full-body, mind, and soul experience. And while the freedom, flexibility, and financial potential are undeniable, the reality for many business owners is...

New Year, New Business Habits: Boost Cashflow & Profits in 2025

As we settle into 2025, it’s the perfect time to shake off the holiday cobwebs and set up some good habits that will keep your cashflow steady and business profits...

Why Your Business Needs a CFO or Virtual CFO

In today’s fast-paced business environment, having a Chief Financial Officer (CFO) or virtual CFO is an essential role to ensure financial success. A CFO provides financial expertise, strategic planning, and...

Top 10 Reasons Your Business Needs a Business Accountant

Running a successful business involves more than just hard work and dedication; it requires strategic financial management. There are many reasons for having a business accountant, as they can be...

Property and Tax: Is Your Primary Place of Residence Really Tax-Free?

The concept of the main residence exemption suggests that your family home is exempt from capital gains tax (CGT) when you sell it. However, like most tax regulations, which also...

Mastering Cashflow and Profit for Business Success

In the world of business, managing money effectively is both an art and a science. Good money management goes beyond simply balancing the books; it’s about making strategic decisions that...

The Instant Asset Write-Off: What It Means for Your Business in 2023-24

If you’re a small business owner, the increase in the instant asset write-off threshold from $1,000 to $20,000 for the 2023–24 financial year is a major win. This change offers...

What’s Ahead for 2024–25? Key Financial Changes for Business & Individuals

As we move into the 2024–25 financial year, many Australians are wondering: what are the key financial changes for me and my business? While uncertainty still lingers, one thing is...

The Power of Engaging a Profit First Professional

In the competitive world of business, staying profitable is not just a goal—it’s a necessity. For many business owners, the challenge lies in not just generating revenue but ensuring that...

The Latest Minimum Wage Increase: What It Means for Your Business

Exciting News for Australian Workers and the Minimum Wage Increase On June 3, 2024, the Fair Work Commission announced a 3.75% minimum wage increase, bringing significant changes for businesses and...

The Generational Wealth Dilemma: Should You Embrace the Role of the ‘Bank of Mum and Dad’?

In the contemporary landscape of real estate, the dream of homeownership remains an enduring aspiration for countless individuals and families. However, the soaring prices of properties, juxtaposed with relatively stagnant...

Navigating the Company Money Crackdown: Understanding Division 7A

In the bustling world of entrepreneurship, where lines between personal and professional can blur, the Australian Taxation Office (ATO) has set its sights on a pervasive issue: the misuse of...

Ensuring SMSF Asset Valuations: A Critical Imperative for Trustees

When managing a self-managed superannuation fund (SMSF), valuing your assets correctly isn’t just good practice—it’s required by law. The Australian Taxation Office (ATO) recently reminded SMSF trustees that accurate valuations...

What’s Your Business Worth?

Working out how much your business is worth can feel overwhelming. Business valuation is full of moving parts, from financial analysis to intangible assets like goodwill. In this guide, we’ll...

Examples of Overcoming Cash Flow Challenges with Profit First

Business Cash flow problems can strike businesses at any point, often when least expected. Even profitable companies can face periods where cash flow becomes a bottleneck. As a specialised Profit...

Benefits of Tax Planning for Businesses in 2024

Tax planning offers substantial benefits for businesses of all sizes. It involves assessing your company’s financial state, forecasting upcoming profits or losses, and crafting strategies aimed at minimizing taxes and...

The Shift from Conventional Accounting to the Profit First Model

Embracing the wisdom embedded in the sayings “If it ain’t broke, don’t fix it” and “Nothing ventured, nothing gained,” we often find ourselves at a pivotal juncture. The decision before...

Navigating Fringe Benefit Tax

Navigating the Fringe Benefits Tax (FBT) landscape requires caution and clarity. As the FBT year concludes on 31 March, it’s essential to understand potential pitfalls that could attract the ATO’s...

Stage 3 Personal Income Tax Revamped

The Federal Government has unveiled a proposal to overhaul personal income tax cuts set to commence on July 1, 2024. This revision aims to redistribute benefits, targeting individuals with taxable...

Fast Track Your Financial Success

The modern business landscape is a dynamic one, and navigating the complexities of financial management can be a challenge for even the most seasoned entrepreneur. From strategic planning to operational...

Understanding Profit First

How Profit First For Your Business Can Transform It Into A Money Making Machine In the ever-competitive world of business, profitability reigns supreme. But true financial success goes beyond just...

How to be a Profitable Small Business Owner

Running a small business in Australia is a dream for many, offering the freedom and flexibility to be your own boss and build something from the ground up. But like...