Stafford Accounting

The numbers are in, and for once, they're good news for small business owners.

Switching from survival mode to growth mode – Stafford Accounting “Small business owners continue to show strong intent to build and transform – exploring new products, new customer segments and additional income streams.”

If you run a small business, the ATO has some advice. Spoiler: it starts with your records.

Taking steps to stay compliant with ATO rules – Stafford Accounting “Every year we see small businesses run into avoidable issues because they haven’t kept accurate records, reported all their income or managed their cashflow effectively”

Good revenue. Tight cash. It happens more than you'd think, and it's fixable.

Five ways to keep cash on track – Stafford Accounting Having a strong cash position gives a business a critical buffer when it comes to covering day-to-day operational expenses, paying suppliers and making capital purchases. However, cashflow can be notoriously difficult to manage in practice, even for profitable businesses.

From 1 July 2026, you can claim a $1,000 tax deduction with zero receipts. No substantiation required. It's one of the easier wins in this year's Budget 👷

Federal Budget 2026-27: Key Announcements – Stafford Accounting On Tuesday, 12 May 2026, Treasurer Jim Chalmers delivered the ‘most important and ambitious Budget in decades’. Certainly, the 2026-27 Federal Budget was ambitious, announcing significant reforms to capital gains tax and negative gearing in a bid to support home ownership and improve the fairnes...

Think your work vehicle arrangement is sorted for FBT? There's a change this year you'll want to know about before lodgement.

FBT tax time 2025-26 – are you ready? – Stafford Accounting The 2025-26 fringe benefits tax (FBT) year ended on 31 March 2026. As employers gear up for FBT tax time, there are a few changes for 2025-26 that employers should be aware of, especially if you provide plug-in hybrid electric vehicles (PHEVs) to your employees.

Are you ready for Payday Super?
From 1 July 2026, super contributions must hit your employees' funds within 7 business days of payday. Quarterly payments won't cut it anymore.
If you haven't started preparing, now's the time. Give us a call, we can help you get sorted before the deadline.

Prepare for Payday Super: Key Readiness Steps for Employers – Stafford Accounting From 1 July 2026, the way you pay your employees’ super is changing. Instead of making quarterly super payments to your employees’ funds, contributions will essentially need to be paid at the same time as salary and wages.

New financial year — new goals. 🎯
It's a great time to stop, reflect, and think about what you actually want from your business this year. More profit? Less stress? A business that doesn't need you every minute?
We've put together five practical tips to help you set goals that matter — and actually follow through on them.

Setting goals for you and your business for the new financial year – Stafford Accounting The new financial year is a new beginning. As a business owner this a great time for you to reflect on where you are at and think about your business goals for the financial year ahead.

It’s not about predicting the future, it’s about being prepared for it. Scenario planning helps you make confident decisions, no matter what comes next.

Planning for all eventualities: the benefits of scenario planning – Stafford Accounting In a business environment that’s currently highly volatile and changeable, it pays to scenario-plan for all eventualities.

Profit doesn’t always mean cash in the bank 💸

Your Statement of Cash Flows shows exactly how money moves through your business. It’s one of the most important tools to understand your true financial position.

If you’ve ever wondered “where is my money actually going?” this one’s for you.

Understanding Your Statement of Cash Flows – Stafford Accounting The statement of cash flows, (also known as the cash flow statement), shows how your business has generated and used cash (and cash equivalents) within a specific time period.

Do you really know what your balance sheet is telling you? 🤔

It holds clues about your business’s financial health and we’ve outlined 5 key things to watch for.

5 things your balance sheet can tell you about your finances – Stafford Accounting Chances are you’ve heard of the accounting term ‘balance sheet’. But what is a balance sheet? And what does it tell you about your finances?