CMA Accounting & Taxation Services

TRUE or FALSE ?
Do Accountants and Tax Agents work for the ATO?
Definitely FALSE !!!!

A common misconception is that we work for the ATO - absolutely not.

We work for our clients to assist them with their taxation and accounting requirements.
We work out the best outcome, for all of our clients - albeit small business, individual clients or large business.

Come and meet our Directors, Angela and Kelly and discuss moving forward with CMA.

Give the office a call on 54488161 or email [email protected] 👌🏻

🚨SCAM ALERT🚨

Received an email claiming the ATO has scheduled a phone appointment with you? It's a scam.

The email asks you to open an attachment to:

• ‘securely’ access relevant services, or
• reschedule the appointment

If you receive this email:

🛑 Do not respond
🛑 Do not click any links or open any attachments
🛑 Never enter your myGov sign in details or personal information
✅ Forward the email to [email protected]

Why Do Family Businesses Need Specialist Accounting?

Family businesses face financial complexities that non-family operations never encounter. You’re not just optimising one business entity. You’re managing multiple structures, coordinating tax across different entities and family members, balancing the needs of different generations, planning for succession that might be decades away, and making financial decisions that affect family relationships.

Looking Beyond Individual Entities

Traditional accounting treats each entity separately. Lodge the company return, sort out the trust distribution, file personal returns. That approach misses the connections. A distribution from the family trust affects someone’s personal tax. A salary paid to a family member affects the business profitability and their personal financial planning. A property held in one structure might create problems for succession planning in twenty years.

Managing the Human Side of Family Businesses

Family businesses also deal with non-commercial considerations that would be unthinkable in arms-length businesses. You’re paying the founder a pension from business income. You’re employing family members who might not be the best qualified candidates but you can’t turn away. You’re making decisions about property that has emotional significance beyond its financial value. You’re balancing fair treatment of all children against the reality that some are working in the business and others aren’t.

Succession Planning Across Generations

Succession planning in family businesses involves complexity that regular business sales don’t face. You’re not selling to the highest bidder. You’re transferring ownership to the next generation, often over years, with finance provided by the exiting generation, in a structure that needs to satisfy tax requirements, family fairness, and business viability. Get it wrong and you destroy both the business and family relationships.

Navigating Complex Family Group Tax Structures

Tax planning across family groups requires understanding structures that might have been set up decades ago by advisors who are no longer around, documented in ways that don’t reflect current practice, operating under trust deeds that create limitations on what you can do. Many family businesses discover too late that their structures don’t work for modern tax planning or limit their succession options.

How Specialist Accountants Support Family Enterprises

That’s why family businesses need accountants who understand both the commercial and personal dimensions. We’ve worked extensively with multi-generational family businesses. We understand the dynamics, the sensitivities, the need for clear communication with multiple stakeholders, and how to give advice that considers both financial outcomes and family relationships. Our experienced team knows when to push for commercial decisions and when to respect that family considerations outweigh pure financial logic.

To discuss further, please email [email protected] or call 0754488161 for an appointment

(Free 30 minute meet and great for new business clients)

CMA EOFY year party at Spirit House Cooking School at Yandina - time for a chill out - great company and good food 🥂🍹

Congratulations to Angela and Kelly on their one year anniversary, of buying the practice from Craig. Cheers to you both for many more years 🥂🍹The Team at CMA!

Happy New Financial Year and best wishes from the Team at CMA 🎉🥂🍹🍻

As of 01 July, 2026, the Australian Government is bringing in new laws regarding anti-money laundering (AML) and counter terrorism financing (CTF).

Accountants, banks, lawyers, real estate agents and other professions are required to do customer due diligence on clients.

Therefore you may be asked to provide your ID.

Further details listed below:

Did you know that topping up your superannuation before 20 June could significantly reduce your tax bill this financial year? 💡

Concessional contributions are taxed at just 15% inside your super fund, which for most people is well below their marginal tax rate. That means more money staying where it belongs, in your pocket and in your future. 💰

Just a reminder that the office will be closed on Friday June 12 for the Sunshine Coast Show holiday 🍦🍿🎪🎟️💸🎈🤡