Small Business

PSI Tax Rules for Consultants in Australia If you're a high-earning IT contractor, management consultant, engineer, or professional firm partner, there's a persistent myth doing the rounds: set up a company or family trust, funnel your income through it, and your tax rate magically caps out at 25% or 30%. Some go further and assume they can split that income with a lower-earning spouse to dodge the top marginal bracket entirely. At Aevum Accounting, this is one of the most da

Break free from the bank balance illusion by constructing an untouchable, automated cash shield for your quarterly liabilities If you log into your bank app and see $50,000 in your operating account, you don't actually have $50,000. A meaningful chunk of that money belongs to the ATO. It's GST you've collected on behalf of the government and PAYG you've withheld from your staff's wages. Spend it, and you're not borrowing from yourself, you're borrowing from the tax office. At

The truth about modern healthcare bookkeeping: when automatic 'GST-free' software codes accidentally invite a severe compliance audit If you run a medical clinic and your accounting software is automatically coding every invoice as GST-free, you may be building a ticking compliance bomb. Healthcare is one of the most closely watched sectors by the ATO, and the assumption that "medical equals no GST" is the single biggest myth in clinic bookkeeping. At Aevum Accounting, we wor

Protecting your lifetime exit: how to utilise generous federal tax concessions while avoiding catastrophic family succession traps You only sell a business once. Get the tax strategy wrong, and you can hand a significant slice of your retirement straight to the ATO on a transaction worth million. At Aevum Accounting, we work with business owners across Australia who are starting to think about the end game: selling up, restructuring, or passing the business to the next genera

The strategic cash flow blueprint for converting mandatory tax bills and operational overheads into premium corporate travel perks. Settling substantial commercial supplier invoices or massive quarterly tax bills often drains your vital operational cash flow. To make matters worse, most traditional banking institutions have completely blocked or heavily capped the generation of credit card points on government expenses, leaving business owners entirely unrewarded for their la

Payday Super 2026 Australian Employer Obligations If you currently pay your employees' superannuation quarterly, you have less than four months to prepare for one of the biggest changes to Australian payroll in a decade. On 1 July 2026, Payday Super becomes law. For some businesses, it's a software update and an admin adjustment. For businesses that have been treating the quarterly super window as a working capital buffer, it's a fundamental change to how the money flows. Eit

FBT exemptions salary packaging Australia The last two articles were heavy going. We covered school fees that cost $37,000 to pay, phantom income pushing employees into HECS repayments, and golf days that quietly attract a 47% tax. Not exactly cheerful reading. This one is different. FBT isn't only a compliance problem. Used properly, it's a planning tool. There are specific exemptions in the tax act that let you give staff laptops, electric vehicles, and meaningful gifts com

Fringe Benefits Tax calculation Australia Last week, we went through the hard no list: school fees, gym memberships, golf days. This week we're pulling the engine apart. The reason FBT catches so many people off guard isn't the tax rate itself, it's the way the ATO calculates the number you're taxed on. Once you understand that, the rest starts to make sense. We'll also cover the car logbook (which can save you thousands every year) and a less-talked-about consequence of acce

Business tax deductions: Australia FBT A lot of business owners think of their company account as an extension of their personal wallet. It's understandable. You built the thing. It's your money. So why can't you spend it how you want? The ATO's answer is straightforward. Your company is a separate legal entity. When it pays for something that benefits you personally, that's a fringe benefit. And fringe benefits are taxed at 47%. That rate catches a lot of people off guard, u

The ATO has given us a peek at its "naughty list"—the key focus areas for privately owned and wealthy groups in the year ahead. These aren't simple mistakes. They are complex, high-stakes technicalities that the ATO is actively pursuing, and getting them wrong can have disastrous financial consequences.

Hospitality Tax Deductions Australia Hospitality is arguably one of the toughest industries in Australia. The margins are thinner than a crepe, the hours are brutal, and the tax rules are as complex as a 12-course tasting menu. At Aevum Accounting, we call it the "pressure cooker" of business. Whether you're running a boutique cafe in Balcatta or a licensed restaurant in the CBD, your tax return shouldn't be a source of stress. Today, we’re unpacking the deductions you might

What if your values weren't just fluff? What if they were the most powerful, practical tool you have for building a successful business?

Medical Locum Tax Strategy Australia For many senior medical specialists, locum work offers a tantalising promise of freedom, higher rates, and a break from the administrative grind of a permanent hospital role. However, stepping out on your own often means walking into a complex financial landscape that many doctors aren't prepared for. At Aevum Accounting, we see many specialists, especially those moving to Australia from overseas, jump into locum work without a clear bluep

For many business owners, growth comes with a high price. The reward for success is often more stress, longer hours, and the crushing weight of a business that revolves entirely around you. This is how to avoid business burnout.

If you're a tradie who owns a business, this probably sounds familiar: your ute is your office, a shoebox under the seat is your filing system, and your hardcover diary is your entire operations manual.

Craft brewing is a passion industry. It’s an alchemy of science, creativity, and hard work, all aimed at producing the perfect schooner. But as any brewery owner knows, passion doesn't pay the excise tax, and it's a tough, competitive business. Here's our breakdown of tax incentives for breweries Australia.

For many Australians, the idea of lodging their own tax return is terrifying. In fact, over 70% of us are intimidated by the process. But here's the secret: for most people with straightforward finances, lodging your own tax return is simpler than you think.

It’s one of the most stressful and common problems in business: you look at your profit and loss statement, and it shows a healthy profit. But you look at your bank account, and there’s barely enough to cover next week's payroll. If this sounds familiar, you're not alone. This is the classic, and often fatal, confusion between profit and cash flow.