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Engineer analyzing retention payments in construction site
Accounting

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.

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May 15, 2026 No Comments
Businessman explaining director loans and Division 7A traps with documents.
Accounting

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.

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May 13, 2026 No Comments
Two businessmen discuss SAV in office setting with city view.
Accounting

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.

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May 7, 2026 No Comments
Person in Bunnings Warehouse using PowerPass for small business purchases.
Business Finance

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.

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May 1, 2026 No Comments
a row of gas pumps filled with gas
Business Finance

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.

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April 16, 2026 No Comments
a calculator sitting on top of a table next to a laptop
Financial

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.

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April 16, 2026 No Comments
Aerial view of Brisbane city skyline illustrating business succession planning in Australia
Business Finance

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.

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January 21, 2026 No Comments
Australian Parliament House symbolizing crypto regulation in Australia
Business Finance

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.

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January 16, 2026 No Comments
Parliament House Canberra during Australia’s Economic Reform Roundtable
Financial Advisory

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.

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August 19, 2025 No Comments
Director reviewing company finances to comply with Division 7A and Fringe Benefits Tax rules in Australia, 2025.
Business Finance

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.

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August 1, 2025 No Comments
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NDIS

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

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September 6, 2023 No Comments
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Business Finance

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

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August 21, 2023 No Comments

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