ATO watchlist for small business breaches
Pandemic-era leniency is a thing of the past and the regulator is warning small and medium enterprises (SMEs) it is keeping an eye on them. Information is now published quarterly…
Sole trader? Smash your business goals in 2025
It sounds like an odd question to ask in March, but did the start of the financial year sneak up on you? Join the club! While everyone talks about July…
Steer clear of these red flags on your return
The Australian Taxation Office has provided a heads-up about the areas it will be focussing on when reviewing tax returns this year. The ATO says there are three common errors…
Success Story: Bright Spark Electrical’s Journey with Navwealth
Mark is the founder and CEO of Bright Spark Electrical, a small electrical company. He first approached Navwealth in 2019 when he was starting up his business. Mark needed help…
Mastering EOFY: Essential Tips for Small Business Owners Working with Bookkeepers
By Hayley Kalms As the Navwealth Director of Bookkeeping Resources, I understand the significance of the approaching end of the financial year for small business owners like you. It’s a…
Managing risk when growing your business
It’s a risky business being in business for yourself, so knowing how to identify and manage risk is an important part of running a thriving business. Anything that impedes a…
Bookkeeping Essentials for Business Success
By Hayley Kalms – Director: Bookkeeping Resources As the Director of Bookkeeping Resources, I’ve had countless conversations with new clients who share a common struggle: not having enough time to…
Navigating FBT and your obligations
Businesses looking to attract and retain staff often provide employee benefits, on top of salary, as a way to sweeten the deal. Many of these benefits (but not all) can…
9 tips for improving your profits
There are many advantages to running a small business. You have the flexibility and independence to make your own decisions, you can turn your vision into a reality and then…
Making sure your deductions don’t get personal
It can be easy to overlook your personal use of business assets when it comes to completing your business and self managed super fund tax returns but be warned, the…