Pacifica Chartered Accountants

Do you know what your Profit & Loss Statement is really telling you about your business Our Plain English guide explains what to look for in your P&L, how to spot changes in revenue, margins and expenses, and how to use those insights to make better business decisions and improve profitability.

Plan, Perform and Prosper with Pacifica.

Plain English guide to profit and loss When you’re in control of your profit and loss (P&L), you have a tighter hold on the reins of your profitability. Read our Plain English guide to P&L and learn how to boost your profits.

Even small accounting mistakes can have a big impact over time. Here are five common pitfalls every business owner should know and some practical ways to avoid them.

5 common accounting mistakes (and how to avoid them) Are you making any of these accounting mistakes? We’ve outlined the top 5 accounting pitfalls that small business owners trip over, so you don’t have to make the same mistakes

Healthy cashflow is the foundation of every successful business. Here are a few practical tips to help you stay on top of your cashflow and make more confident business decisions.

Plain English guide to cashflow Positive cashflow is the beating heart of your business. Dive into our Plain English guide to cashflow and find out how to get in complete control of your cash position.

DIY accounting might sound like a good economy, but investing in an accountant could be the best financial decision you make as a business owner.

Is DIY accounting really saving your business money? DIY accounting might sound like a good economy, but investing in an accountant could be the best financial decision you make as a business owner.

Your family income is used to calculate your private health insurance (PHI) rebate.

⚠️ Underreporting your spouse’s income can = the wrong rebate, and = a reduced refund or a tax bill!

✅ How to avoid a tax bill
Report your spouse’s full income in your tax return, including any:
💼 salary packaging & fringe benefits
🏠 net rental or investment losses
💰 extra super contributions.

(A reasonable estimate is ok.)

Need to cut your business expenses? We’ll review your current costs, find the expenses that could be cut, and will provide a proactive spend management programme to reduce your spending.

Review your business expenses – and save Need to cut your business expenses? We’ll review your current costs, find the expenses that could be cut, and will provide a proactive spend management programme to reduce your spending.

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 fairness of the tax system.

Federal Budget 2026-27: Key Announcements

Pacifica is proud to be standing with Rotary Club of Cairns Sunrise throughout May to help raise awareness of domestic and family violence. Each Friday during the month, members of the Pacifica team are wearing purple polo shirts in support of the campaign, turning a simple gesture into a visible show of support for an issue that affects far too many individuals and families in our community.

This initiative is about more than wearing purple. It is about helping raise public awareness, encouraging conversation, and showing support for those impacted by domestic and family violence. Pacifica is pleased to stand alongside Rotary Club of Cairns Sunrise in support of this important cause. Pacifica’s support will also extend beyond the workplace, with team members taking part in the community rally on Friday 22 May. The walk will follow the Cairns Esplanade from Muddy’s Playground and Skate Park to Fogerty Park, helping shine a further light on the issue and showing support for individuals and families affected by domestic and family violence.

Anyone interested in joining the walk can find more information and register here: https://www.trybooking.com/events/landing/1538858

Pictured here are some of the Pacifica team supporting the Rotary Club of Cairns Sunrise community initiative. In a change that certainly caught the attention of the office, Pacifica Managing Director Michael Schramm also joined the initiative by wearing a purple polo shirt, stepping away from his trademark shirt and tie for the occasion.

The end of the financial year is fast approaching on 30 June. To get the best tax outcome for your business, you should look at a few things now.

Counting Down to EOFY