Business Finance
EEA Advisory articles tagged Business Finance.
Are Dual Cab Utes FBT Exempt in 2026
This blog post explores the Fringe Benefits Tax implications for dual cab utes in the 2026 FBT year. It explains that a dual cab ute only qualifies for an FBT exemption if it meets the ATO eligibility criteria and if private travel remains minor and infrequent. If a vehicle is used for regular family trips or shopping, it becomes subject to FBT just like a passenger car. The article debunks common myths and outlines the dual hurdles of engineering and behavioural requirements that employers must meet. It offers practical insights for managing FBT risks effectively.
Aussies Pull $13 Billion From Big Super Funds: What It Means for Your Retirement Path
Australians moved about $13 billion from the nation’s biggest super funds into self-managed super funds over the past year, driven by a hunger for control, faster decision making and tailored portfolios. SMSF assets have now topped $1 trillion, almost a quarter of all super savings, while industry giants scramble to keep members engaged. This article explains the drivers behind the switch, compares performance data and outlines practical checks to help readers decide whether staying with a large fund or going DIY best suits their retirement goals.
ATO debt and payment plans: negotiating with the ATO when cash flow is tight
Dealing with tax debts can leave business owners feeling overwhelmed when cash flow is tight. This guide explains how ATO payment plans let you pay off tax debts in manageable instalments. It outlines what the ATO expects and the documents needed to secure a practical repayment plan. Learn effective strategies to negotiate terms that fit your business needs while avoiding further penalties.
Building & construction industry retention payments — accounting treatment under AASB 15
Retention payments present both opportunities and challenges for Australian builders. They secure a percentage of progress claims as a safeguard while impacting cash flow. Under AASB 15, revenue is recognised when performance obligations are met, even if cash is withheld. Accurate classification, journal entries, GST timing, and reconciliation are vital for compliance and smooth financial reporting. This article explains the effects on building contracts and trust account requirements across various states.
Director loans and Division 7A in 2026: avoiding deemed-dividend traps
Directors in private companies know the nerve-wracking moment when personal use of company funds raises red flags. Division 7A can reclassify these loans as unfranked dividends that incur heavy tax at the top marginal rate. In 2026, increased ATO scrutiny and higher interest rates heighten the risk of costly penalties. Directors can protect profits by ensuring full repayments or establishing a complying written loan agreement. Read on to discover practical guidance and insights.
What Does SAV Mean When Selling A Business?
Understanding Stock at Valuation is crucial for both buyers and sellers in business transactions. This guide explains how SAV is used to adjust the final sale price by accounting for current inventory values. It highlights the process of a joint stocktake conducted just before settlement to ensure fair pricing. The article compares SAV with WIWO labels and answers common legal and tax questions. Readers gain a clear insight into an important pricing mechanism in the Australian market.
What is Bunnings Warehouse PowerPass and is it worth it for small businesses in Australia?
Bunnings PowerPass offers registered Australian small businesses exclusive trade prices and digital tools with no membership fee. The account provides deferred payments, helping businesses manage cash flow while saving money on bulk purchases. Each transaction flows seamlessly into an online portal and mobile app for easy integration with accounting systems. With genuine savings and improved efficiency, PowerPass is a smart solution despite a few downsides such as variable discount depths and the risk of interest on late payments.
Australia Fuel Excise Cut Impacts Fuel Tax Credits
In 2026 Australia temporarily reduced fuel excise rates by half for three months, impacting the Fuel Tax Credit program. The cut lowers charges on unleaded petrol and diesel as well as the eligible credit, which may raise net fuel costs for many enterprises. Businesses with accurate fuel records benefit by receiving the correct refund, while others risk under- or over-claiming. The article explains the law behind the temporary reduction and offers practical steps for finance teams to stay compliant and maintain healthy cash flow.
2025 26 Federal Budget Early Release Review
This article provides a thorough analysis of the early-released 2025 26 Federal Budget. It explains how the government set the economic narrative ahead of the election and cost of living challenges. The review dissects headline figures, legislative guardrails and the practical impact on households and businesses. Drawing on the most recent economic outlook and fiscal updates, it offers detailed insights and forecasts for the remainder of the financial year.
Avoid Business Sale Pitfalls With Smart Retirement Planning
Secure your future with smart retirement planning that blends super and diverse investments. Act now to ensure peace of mind after work.
Secure Brisbane Business Succession Now
Brisbane’s business community thrives yet many owners lack a documented succession plan. This article reveals why the succession gap exists and examines legal challenges while offering a practical ninety-day roadmap to secure wealth and protect your legacy.
Conquer Crypto Regulation in Australia
Australia leads digital finance innovation with an urgent need for clear crypto guidance. The article explains regulatory frameworks and licensing requirements, giving exchanges, investors and start-ups the tools they need to operate confidently. Read now for practical insights.
The SBSCH Shutdown: How to Prepare for the End of the ATO’s Small Business Super Clearing House
The ATO will close the Small Business Superannuation Clearing House by 1 July 2026. Learn what the shutdown means for employers, key transition dates, and how to stay compliant under the new Payday Super regime.
Australia’s Economic Reform Roundtable 2025: What It Means for Your Wealth
Treasurer Dr Jim Chalmers has convened Australia’s most influential business, union and policy leaders for a three-day Economic Reform Roundtable. With $1 trillion in debt, rising tax burdens and subsidies under review, the discussions could reshape household budgets, investment strategies and business cash flows. Here’s what you need to know to protect and grow your wealth.
ATO Tax Rules About Using Your Company’s Money
In 2025, Australian SMEs face stricter ATO scrutiny on how company funds are used. This guide breaks down Division 7A, Fringe Benefits Tax, and directors’ duties to help you stay compliant, avoid penalties, and make informed decisions when accessing company money.
What Australian Business Owners Should Know About Labor’s Tax on Unrealised Super Gains
Labor’s proposed tax on unrealised super gains over $3 million could reshape retirement planning and asset management for business owners. Understand the risks, responses, and how to prepare.
Fringe Benefit Tax Guide for Australian Businesses in 2025
Discover how Fringe Benefit Tax (FBT) works for Australian businesses in 2025. Learn calculations, cost-saving tips, and compliance essentials.
From Compliance to Counsel: The Future of Australian Accounting in 2025
Australian accounting is shifting from compliance to strategic advisory services in 2025, driven by tech, client needs, and new regulations. Discover why this trend is reshaping the industry and what it means for firms and businesses.
Understanding Bunnings PowerPass Privacy Policies and Data Security Measures
Discover the specific privacy policies and data security measures for Bunnings PowerPass users. Learn how Bunnings collects, stores, and protects your personal information while ensuring compliance with legal standards.
Xero February 2025 Updates: What Businesses Need to Know
Xero’s February 2025 updates bring significant improvements to invoicing, bill management, e-invoicing, and UK tax processes. Learn how businesses can adopt these features while avoiding potential pitfalls.
Effective Management of NDIS Funding: Insights and Guidance from EEA Advisory
The National Disability Insurance Scheme (NDIS) marks a significant shift in disability support within Australia, offering individuals with disabilities greater control and support. However, navigating and managing NDIS funding can be complex. EEA Advisory is here to guide you through effective strategies and tips for managing your NDIS funding, helping you achieve your goals and
June’s Accounting Shift: Why It’s Time to Reassess Your Financial Guide
Introduction: The journey of entrepreneurship thrives on solid financial footing and strategic planning. In this equation, accountants play an indispensable role. But like any partnership, sometimes a fresh perspective is needed. Here’s why June might be your golden month to find a new financial partner and how to make that transition smooth. The Role of
Schedule an appointment with an industry-specific expert
Simplifying finance for businesses, we handle the complexities. With EEA Advisory, you focus on your passion and we take care of your financial journey.
