EEA-Advisory
EEA Advisory articles tagged EEA-Advisory.
What the Base Rate Entity Test Means for Your Company Tax Rate
Australian companies face an annual decision over which tax rate applies with lasting financial impact. This post explains the base rate entity test and breaks down its two key requirements: aggregated turnover under fifty million dollars and passive income under eighty per cent. It explores how failing either test leads to a higher tax rate and offers clear insights into the calculations that matter. Gain a better understanding of these vital criteria and the implications for your business.
Contractor or Employee Under ATO Rules in 2026
Understanding the real substance behind an employee or contractor classification is vital in 2026. The ATO, Fair Work Ombudsman and courts focus on the practical details rather than just the written contract. Misclassification can lead to severe financial penalties and reputational damage. Getting it right secures compliance, protects businesses from hefty PAYG withholdings and super guarantee debts, and gives workers clarity about their entitlements.
Queensland payroll tax on contractor payments: when your subcontractors push you over the threshold
Queensland businesses often rely on subcontractors for specialised skills, but payments to these workers can unexpectedly count as taxable wages. This may push wage bills beyond the 1.3 million dollar threshold, forcing companies to register and remit payroll tax. The guide explains when subcontractor payments count, how exemptions work, and offers practical steps to avoid costly penalties. It also highlights risks for grouped entities and provides clear advice for staying compliant.
Winding up an SMSF: the compliant exit when it no longer makes sense
Closing an SMSF is not simply about emptying the bank account. Trustees must follow a structured roadmap to meet ATO guidelines and avoid hidden tax issues. This guide explains why a self managed super fund may no longer be worth the effort and outlines every required step under the Superannuation Industry Supervision Act. It discusses common triggers such as rising costs, time constraints and family changes that affect fund viability. Trustees can confidently progress towards closure with clear, manageable advice.
Non-arm's length income traps that can tax your SMSF earnings at 45 per cent
Self managed super funds usually benefit from a concessional 15 per cent tax rate but can face a 45 per cent penalty when income is deemed non-arm's length. The Australian Taxation Office applies Division 295 to override the standard rate if transactions are not conducted on commercial terms. Trustees and advisers must understand and avoid these pitfalls to protect retirement savings. The rules now extend to both income and expenditure, with even pension funds in retirement phase affected.
Should you set up an SMSF in 2026? The balance thresholds where running costs actually stack up
In 2026, an SMSF remains attractive for those with at least two hundred thousand dollars in super, providing hands-on control and investment flexibility. Below this level, fixed running costs can outweigh the benefits of an SMSF. As your balance moves above three hundred thousand dollars and closer to five hundred thousand, the cost gap narrows compared to APRA-regulated funds. New legislation introduces additional tax on large super balances, prompting trustees to carefully balance running costs with tax implications.
In-specie transfers into an SMSF: moving shares and business property without triggering a tax bill
This guide explains the process of transferring assets in their current form directly into an SMSF. It details how listed shares and business real property can be transferred without converting them to cash. The guide also explores when capital gains tax may be triggered and outlines the necessary valuation and compliance steps. Trustees and business owners will gain confidence in managing their superannuation through clear advice and practical tips.
Cents Per Kilometre vs Logbook for Car Deductions in 2026
For the 2025–26 income year, Australians can choose between two methods to claim car deductions on their 2026 tax return. The cents per kilometre method uses a fixed rate of 88 cents for each work-related kilometre with a 5000 kilometre cap, while the logbook method lets you claim a percentage of actual running costs without any kilometre limit. This guide explains both methods in detail, outlining the record keeping requirements and ATO rules. Decide which approach best suits your needs and potentially boost your refund.
What Happens to a Family Business When a Director Dies
When an Australian family business loses a director, the company remains alive as a separate legal entity. It can continue trading, paying staff and entering contracts. The future depends on having other directors, share ownership, and a valid will with an appointed executor. Understanding these legal threads keeps the enterprise thriving, avoids conflict and protects family wealth.
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.
What Is Your Business Worth When You Sell in Australia
Selling your business in Australia requires understanding its true worth and the many factors that shape the final sale price. This guide explains how professional valuers use earnings, assets and risk assessments to measure value. With clear Australian examples and fresh data, the article shows how planning ahead can help you prepare for lawyer, accountant and tax office costs. It offers practical steps that turn valuation into a strategic tool for success.
NDIS provider accounting and tax compliance — sole-trader vs company structure
Choosing the right business structure plays a crucial role for NDIS providers in Australia. In this article we explain how operating as a sole trader offers simplicity, lower cost and fewer administrative demands. However a proprietary limited company provides stronger liability protection and better opportunities for growth when managing larger service agreements and investors. Readers will gain insight on how each structure affects tax, governance and compliance obligations, helping them align their risk appetite and future plans with the most suitable option.
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.
PAYG withholding variation: when it pays off for AU contractors and investors
A PAYG withholding variation allows taxpayers to adjust tax withholding to better match their year-end liability. This guide explains the process for contractors and property investors, detailing when to apply a variation and when to leave things as they are. It explores how upward and downward adjustments can improve cash flow throughout the year. The guide also highlights the ATO oversight and the benefits of tailoring withholding to expected tax outcomes.
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.
Australia commits to OECD Crypto Asset Reporting
Discover why the OECD Crypto Asset Reporting Framework matters for Australians and act now to secure your records before ATO scrutiny.
Master ATO 2026 Tax Prep for Brisbane Businesses
Brisbane small business owners must act now to prepare for ATO 2026 changes. Upgrade software, manage cash flow and secure success. Get started today
Secure Your Dream Home with Approval In Principle
Learn how an Approval in Principle streamlines buying a home in Australia. Shop with confidence and secure your future today
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.
Bookkeeper vs Accountant: Ultimate Guide for Aussie Biz
Australian business owners often struggle to decide between hiring a bookkeeper or an accountant. This guide explains the roles of each professional—from day-to-day BAS filing to strategic tax planning—and offers tips on staying compliant, preserving cash flow, and facilitating business growth.
Australian Income Tax Brackets 2025-26: A Simple Guide & Real-World Examples
Stop guessing how much tax you really pay. We translate official ATO rules into plain English, debunk the ‘higher bracket’ myth, and provide step-by-step calculations for incomes ranging from $30k to $220k. Plus, get the details on the upcoming tax cuts locked in for July 2026.
The Difference Between a CA and an Accountant in Australia
A clear and practical guide explaining how Chartered Accountants differ from general accountants in qualifications, legal authority, fees and the services they can provide.
ATO Interest No Longer Tax-Deductible from 1 July 2025: What Businesses Must Know
From 1 July 2025, the ATO’s General Interest Charge and Shortfall Interest Charge will no longer be deductible. This guide explains what has changed, how it affects business cash flow, and the strategies to minimise your exposure to costly interest.
How Do High Income Earners Reduce Taxes in Australia? Smart Strategies for 2025
Discover how high income earners reduce taxes in Australia with proven strategies for 2025, super, trusts, franking credits, negative gearing and more.
How to Select a Financial Advisor for Your Brisbane Family Business: A 7-Step Compliance-Ready Roadmap
Why the Right Advisor Matters for a Brisbane Family Business Family businesses account for close to seventy per cent of all Australian enterprises, yet only a minority survive beyond the second generation. The difference between those that thrive and those that falter often lies in the quality of professional guidance they receive. A licensed, conflict-free
What Are the Benefits of Hiring a Business Accountant?
Hiring a professional business accountant is more than compliance—it’s a strategic move that frees your time, trims tax, improves cash flow and delivers data-driven insights. Discover how local expertise in Queensland, Brisbane and the Gold Coast turns numbers into growth opportunities for your business.
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.
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.
Financial Planning for Young Families in Australia
As young Australian families embark on the rewarding yet challenging journey of raising children and managing household needs, understanding the nuances of financial management becomes crucial. It’s not just about making ends meet but about crafting a secure and prosperous future. With the guidance of EEA Advisory, experts in family financial planning, this article presents
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
Navigating the NDIS: A Comprehensive Guide for New Participants
The National Disability Insurance Scheme (NDIS) represents a significant advancement in disability support and services in Australia. Tailored to empower individuals with disabilities, the NDIS offers extensive support options. However, for newcomers, navigating this system can be daunting. This guide, presented by EEA Advisory, simplifies the process, helping you harness the NDIS’s benefits and explaining
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