Minimise Your Business Tax: The Guide 2024

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Minimise Your Business Tax: The Guide 2024


Here’s a guide to the strategies you can use to minimise your business tax.


Tax Planning Starts Here.

Talk to us TODAY before the 30 June 2024 deadline for
assistance to reduce your tax.


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Events Coming Soon

30 Jun '24

SMART Life - Issue 17 - Winter 2024

Australia has become an expensive place to live, so it’s not surprising that the lure to retire at an idyllic, low-cost, offshore location is getting a lot of attention. We discuss the pros and cons.


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28 Jun '24

Why winter is the best time to buy a caravan

Winter deals can help you find a caravan within your price range without compromising on quality.


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27 Jun '24

Why EOFY is the best time to buy a new car

The End of Financial Year (EOFY) can be a great time if you’re in the market for a new car.


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27 Jun '24

Preparing for the EOFY for property investors

As the EOFY approaches, property investors need to be proactive to ensure they are in the best position to negotiate tax time.


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27 Jun '24

The Impact of Mental Health Awareness Training on Small Business


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26 Jun '24

Industrial property becomes a prime asset

The industrial sector is currently experiencing limited supply and high demand as the population grows.


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25 Jun '24

Shore up your cash flow before EOFY

Using various forms of finance is a viable strategy to ensure you start the new financial year with strong cash flow.


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24 Jun '24

Episode 12: Time Management Like A Boss

It’s time to take control of your time. It’s time to stop being ‘busy’ and start being ‘productive’. It’s time to learn how to invest your time to create your best life. Kate Christie has taught time to thousands of professionals and business owners around the world – exactly how to find hours of extra time and then design their best lives. What would 30 extra hours a month mean to you?


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20 Jun '24

Smart Wins Multiservice Firm of the Year

We are thrilled to announce that SMART Business Solutions Group has been awarded the prestigious Multiservice Firm of the Year at the 2024 Australian Accounting Awards! This recognition is a testament to our commitment to excellence, innovation, and the comprehensive range of services we provide to our valued clients.


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17 Jun '24

Episode 11: How to Attract, Mentor and Keep Great Staff

Heather Gallagher has spearheaded transformative initiatives in the mortgage broker space through her role as Head of Training and Education at outsource Financial. She has been instrumental in empowering brokers and administrative staff through tailored mentoring programs and weekly learning sessions.


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4 Jun '24

Qualifying For A Car Loan As A Casual Worker

One of the main considerations when applying for a car loan as a casual worker is your income.


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31 May '24

Median house prices to hit $1.34 million

Property prices could be about to climb higher with new analysis predicting the major capital cities will see significant growth in the next three years.


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29 May '24

Property prices reach another record high

Property prices have hit yet another record, with capital city house prices rising by 1 percent.


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28 May '24

How To Add Long Service Leave in Xero


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27 May '24

Getting Your RAD back

Accommodation payments (called Refundable Accommodation Deposits – RADs for short) are one of the most misunderstood areas of residential aged care. Many people don’t realise that a RAD is not “lost” money but is refundable when you leave care or pass away.


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27 May '24

Strategies To Generate Equity Faster

Creating equity isn’t always about spending time in the market. You can also manufacture equity if you buy well and implement some proven strategies.


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27 May '24

What does the Federal Budget mean for aged care?

This year’s Federal Budget focussed on the rising costs of living and how to help Australians manage. Before the Budget there was speculation that we would see changes for aged care funding and fees, but what made it into the Budget?


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27 May '24

If Aged Care Advice is Confusing...Get Advice

RADs, DAPs, MPIRs, MTAs and ACATs !! These are just a few of the acronyms you will face when navigating aged care decisions. It might even feel like you’ve landed in a foreign country where you don’t understand the language or the rules.


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27 May '24

Episode 10: SMSF - Is It The Right Investment Strategy For You?

Explore the world of self-managed superannuation funds (SMSFs) with expert Shannon Smit as she shares insights on wealth-building, retirement planning, and investment strategies using super as a vehicle.


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24 May '24

How to quickly improve your credit score

Your credit score is a track record of how you manage debts.


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22 May '24

What happens to your property after a breakup?

Before getting into the specifics of property division, it's important to understand the concept of legal ownership.


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21 May '24

Close The Dream Gap

Close The Dream Gap. Starting at age 5, many girls begin to develop limiting self-beliefs. They stop believing their gender can do or be anything. This is the Dream Gap.


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20 May '24

4 benefits of asset leasing for businesses

Asset leasing provides businesses with several advantages, an attractive option for acquiring essential equipment and machinery.


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16 May '24

Warehouse Construction To Rebound

New warehouses on the back of rising interest rates, new construction is expected to rebound as tenant pre-commitments firm up and demand rises.


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15 May '24

Service stations are not done yet

Despite electric vehicles growing in popularity there is still a need for traditional service stations, according to an expert.


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15 May '24

Can I sell a tenanted property?

It’s important to initiate transparent communication with tenants well in advance of listing the property for sale.


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15 May '24

Federal Budget 2024 / 2025

Budget 2024-25 is a pre-election budget for the people with everyone getting a little something to ease cost of living pressures. For business, there is the extension of the $20k instant asset write-off again.


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13 May '24

Quick Ways To Boost Your Business’ Cash Reserves

Secured business loans play an important role in supporting small business owners.


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13 May '24

Quick Ways To Boost Your Business’ Cash Reserves

Secured business loans play an important role in supporting small business owners.


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13 May '24

Episode 9: Mentoring Leaders So They Can Lead

Join Shannon Smit as she interviews Sharyn McClafferty, CEO of Slipstream Group, in a podcast episode discussing leadership, team growth, and the value of continuous learning and development for business success.


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10 May '24

Commercial Property Rebound ‘Better Than Expected’ For Investors

With rising interest rates hurting sentiment across the commercial property sector, 2024 is now shaping up to be “better than expected.


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8 May '24

Mastering Your Retirement: Is an SMSF the Ultimate Investment Strategy for You?

A Self-Managed Super Fund (SMSF) is a type of superannuation fund that gives members greater control over their retirement savings.


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3 May '24

Fashion For A Cause: The Original Pre-Loved Fashion Market

LIVE EVENT
3rd May 2024


Welcome to Mornington Peninsula's original pop-up pre-loved market with a difference. Fashion For A Cause is a not-for-profit fundraiser event. Grab a fashion bargain or unique piece, wine with friends, bid on silent auction items, all to raise funds for Clothes 4U.Inc. All proceeds from the event including stall sales, ticket sales and clothing purchases on the night will be double-dollar-matched and donated to Clothes 4U Inc.


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2 May '24

Accessing money in your SMSF

The ATO has made a call to professional accountants to help identify and manage illegal early access to superannuation by members of SMSFs.


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1 May '24

Do your kids want to take over your business?

It’s important that generational succession is managed as closely and diligently.


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30 Apr '24

Bank of Mum and Dad

The great wealth transfer from the baby boomer generation has begun and home ownership is the catalyst.



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30 Apr '24

Company Money Crackdown

The ATO is cracking down on business owners who take money or use company resources for themselves.


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29 Apr '24

Episode 8: Rebuilding After Divorce

In this episode of The Accountant That Builds, host Shannon Smit, Founding Director of Smart Business Solutions Group, shares valuable insights on navigating financial challenges post-divorce.


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23 Apr '24

Rebuilding After Divorce

Going through a divorce or separation is undoubtedly challenging, but it's essential to take control of your financial future. By understanding the impact of separation on your assets, seeking professional advice, and creating a solid financial plan, you can navigate this difficult time with confidence.


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22 Apr '24

Leveraging Technology to Drive Business Growth

Technology has transformed the way businesses operate, allowing them to reach new customers, expand into new markets, and improve operational efficiency.


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22 Apr '24

Achieving Sustainable Growth Through Strategic Planning

Scaling up a business is not just about increasing revenue or expanding into new markets; it's about creating a solid foundation for sustainable growth.


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22 Apr '24

Understanding the 7 Key Strategies for Business Growth

Every business, regardless of its size or industry, shares a common goal: to grow and thrive in a competitive market.


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18 Apr '24

Non-compete clauses and worker restraints under review

A new issues paper from Treasury’s Competition Review questions whether non-competes and other restraints are limiting job opportunities and movement.


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18 Apr '24

How much is my business worth?

For many small business owners, their business is their largest asset and for many, one that is expected to help fund their retirement.


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17 Apr '24

The assault on professional services

The ATO has signalled that it is willing to pursue professional services firms who divert profits to avoid tax.


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16 Apr '24

Budget 2024-25

The 2024-25 Federal Budget is the third for the Albanese Government and consistent with previous years, the primary themes are expected to be the cost of living and the economic shift to net zero.


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15 Apr '24

Warning on SMSF asset valuations

The ATO has issued a warning to trustees of SMSFs about sloppy valuation practices.


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15 Apr '24

Warning on SMSF asset valuations

The ATO has issued a warning to trustees of SMSFs about sloppy valuation practices.


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15 Apr '24

Episode 7: Scaling Up - Strategies for Business Growth

In this episode we explore the key areas in your business that you can influence to promote growth, adapt the seven ways to grow for your unique business, and understand how these strategies impact your profit and cash flow.


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5 Apr '24

4 Things You Need To Know About Equipment Finance

Equipment finance means there is a viable solution for businesses grappling with cash flow management amid equipment upgrades.


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4 Apr '24

SMART Market Wrap - February 2024

Investors maintained a healthy appetite for risk in February, encouraged by a generally favourable set of financial results from listed companies in the US and Europe.Headline inflation remained at an annual rate of 3.4% in January, still above the central bank’s target range.


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Related News

20 Apr

The Power of Tax Planning for Small Business

Tax planning is more than just a financial necessity—it's a strategic advantage for businesses of all sizes. By proactively managing your tax strategy, you can significantly reduce your liabilities, enhance cash flow, and ensure full compliance with ever-evolving tax regulations.


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20 Apr

Your 2026 EOFY Game Plan

Smart and strategic tax planning for business.


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1 Apr

Tax Return - Items To Consider

To maximise your deductions and ensure that your tax return is complete, please review the following items and advise your Accountant if any apply to you.


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