Author: Suresh Rajani

It starts quietly. A few late payments. A tax bill you push back. Maybe you’re waiting on one big client to pay before everything balances out. But while you’re focused on keeping the business afloat, the law is watching you.  As a company director, you’re legally responsible for making sure your business doesn’t trade while…

Every scroll through social media these days reveals a new tax hack, property tip or strategy that promises to build wealth faster than ever before. It all sounds great. I mean who doesn’t want to pay less tax, own more property and set things up like the “wealthy” do? But here’s the problem… most of…

As of 1 July 2025, several significant changes have come into effect that directly impact Australian business owners. From wage increases to superannuation obligations and parental leave enhancements, these updates affect payroll, cash flow, and compliance requirements. Below is a summary of the key changes now in effect: 1. National Minimum Wage Increase: The Fair…

If you’re like me, the first thing you did this morning was check your accounting software to confirm your profit and loss reset to zero. And yes it did. The profit and loss is back to zero. A brand new financial year has begun. But behind the clean figures, your business is still carrying everything…

As I sit quietly at my desk, calendar jammed with deadlines, emails flooding in, WhatsApp and text messages lighting up my phone, calls ringing through back-to-back and a stack of missed calls waiting to be returned; I wonder: “Why do my clients hate me?” I mean, I’m just an accountant. All I ever do is…

As I power through a string of tax planning meetings with small business owners at this time of year, one thing I can say with confidence is this: You will NEVER hear me say, “Go buy a luxury car through your company as it will help with your tax.” And there’s a very good reason…

More control, more flexibility – and a lot more questions. It sounds empowering – until the rules, acronyms, and responsibilities start to add up. While Self Managed Super Funds (SMSFs) can offer flexibility, they also come with strict rules and responsibilities. Here are the 5 of the most common questions I come across in our…

Key proposals are still in limbo, and the election result will decide whether they become law, get reworked, or vanish altogether. Here’s what’s on the line and why it matters. ➤ Super Shock — 30% Tax on Unrealised Gains Over $3M One of the most contentious proposals is a new 30% tax on unrealised gains…

Imagine how you would feel if you borrowed $200,000 to invest in shares or property. Then, at tax time, your accountant tells you that the interest on the loan is not tax deductible — all because the funds were first transferred to your personal savings account before going to your agent or investment account. It’s…

Recent data indicates a significant increase in the issuance of Director Penalty Notices (DPNs) by the Australian Taxation Office (ATO). For Australian small business owners, managing tax obligations is a key part of keeping your business financially healthy. However, when tax debts pile up, the Australian Taxation Office (ATO) may take action, including issuing a…