Bonerath & Co. Accountants

Borrowing money from your company?

Division 7A mistakes can come with a nasty tax bill.

Here’s what business owners need to know for 2026–27:

Division 7A Loans: What Business Owners Need to Know in 2026–27 Division 7A loans explained for 2026–27. Understand the 8.77% benchmark rate, minimum yearly repayments, loan terms and the risk of deemed dividends.

Entertainment expenses can be a tricky area at tax time.

Can you claim a client lunch? What about staff functions, Christmas parties or meals while travelling for work? And where do GST and FBT fit in?

Our latest article breaks down the rules around entertainment expenses in Australia, with practical examples to help you understand what may and may not be deductible.

Read the article to learn more.

Can I claim a tax deduction for entertainment expenses? Taxation > Are entertainment expenses tax deductible in Australia? Learn the rules for client entertainment, meals, staff functions, GST and FBT so you can claim expenses correctly and avoid costly tax mistakes.

Should you buy a business premises or keep leasing?

The answer goes well beyond comparing rent with loan repayments. Cash flow, tax, flexibility, ownership structure and your longer-term plans can all change the equation.

Our latest article explores what business owners should consider before making the call.

Buy or Lease a Business Premises? Business > Explore the financial, tax and strategic considerations of buying versus leasing your business premises, including cash flow, ownership structures and long-term wealth planning.

Do you need to lodge a TPAR this year?

If your business pays contractors, it’s worth checking before the 28 August 2026 deadline.

TPAR requirements apply to a range of industries, including building and construction, cleaning, courier, road freight, IT and security services. And depending on your business activities, the rules can apply even when these services aren’t your main source of income.

Read the full 2026 TPAR guide here:

Guide to the Taxable Payments Annual Report (TPAR) Requirements Taxation > Are you receiving reminders from the Australian Taxation Office (ATO) about the deadline for lodging your Taxable Payments Annual Report (TPAR)? Do you need a refresher on what’s required to lodge your own report? ‍This article provides a detailed overview of the TPAR and its requirem...

Buying a car through your business might seem like an obvious way to access tax benefits, but the outcome is not always as straightforward as it appears.

Before you buy, finance or lease your next business vehicle, read our guide to understand the questions you should be asking.

Buying a Car Through Your Business? Here’s What You Need to Know! Business > Buying a car through your business in Australia may be a smart financial move, especially if you use the vehicle for business purposes. It can offer several advantages, including tax benefits and financial flexibility. However, there are specific rules and considerations you should be awa...

The ATO has identified a number of areas it is paying closer attention to in small businesses.

It’s worth understanding what the ATO is focusing on and where businesses commonly get caught out.

Read our latest article to see what business owners should know.

Is Your Business On the ATO’s Radar? Business > Learn what the ATO is targeting in small businesses, including income reporting, deductions, GST, private expenses, vehicles, super and tax debt.

STP finalisation is due 14 July for most employers, which means there are only a few days left to review and finalise your payroll data.

Read our latest article for a practical guide to STP finalisation, including what to check before lodging and which due dates may apply to your business.

STP Finalisation — What You Need to Know Payroll > The financial year changeover brings a multitude of added tasks to every business' to-do list; one of which is to complete their payroll finalisations. Similar to previous years, all Australian employers must complete their payroll finalisation process for the year using the Single Touch P...

Award wages are up 4.75%. But what does that mean for the margin on work already underway?

In addition to updating payroll, businesses should also review the cost to complete current projects.

Find out what to check.

Higher wages may have changed the profitability of your construction projects Building & Construction > Construction businesses should review project margins, labour costs and cash flow following the 4.75% minimum award wage increase.

Thinking about buying equipment?

The instant asset write-off could affect when and how your business claims the cost, but the rules are not always as simple as “spend under $20,000 and claim it back straight away”.

Our latest guide explains who may be eligible, which assets can qualify, how GST affects the threshold and what happens when an asset costs $20,000 or more.

Read the full guide:

The Instant Asset Write-Off Taxation > The Federal Budget for 2025-26 was announced last month, and there was no extension of the instant asset write-off so many business owners have used to get on top of small business cash flow. Businesses looking to take advantage of the program must act quickly, or they’ll have to revert...

EOFY is coming up quickly.

Before 30 June, take a moment to read through our EOFY 2026 tax planning guide and make sure you know what to review before the financial year ends.

EOFY 2026: A tax planning guide for business owners Accounting >