SMH Accountants & Advisors

Directions Website Contact the business

SMH Accountants & Advisors SMH Accountants & Advisors is dedicated to providing top-notch accounting and taxation services to individuals and businesses of all sizes.

Diwali brings people together through light, tradition and a shared sense of community. πŸͺ”SMH Group is proud to be a Gold...
14/10/2026

Diwali brings people together through light, tradition and a shared sense of community. πŸͺ”

SMH Group is proud to be a Gold Partner of Melbourne Diwali 2026, supporting a celebration of culture and connection in the heart of Melbourne.

We look forward to celebrating with the families, businesses and communities that make our city so special.

πŸ“… Saturday, 31 October 2026
πŸ•‘ 2–10 pm
πŸ“ Marvel Stadium Square, Docklands
🎟️ Free entry

Save the date and bring your family and friends to celebrate with us.

πŸ“ž 03 9969 1247
🌐 smhaccountants.com.au

Growing revenue is positive, but higher sales do not automatically mean stronger profitability.Rising costs, pricing dec...
14/10/2026

Growing revenue is positive, but higher sales do not automatically mean stronger profitability.

Rising costs, pricing decisions and changes in gross margin can all affect how much your business actually keeps.

Regularly reviewing your numbers can help you understand whether growth is translating into healthier margins and better business performance.

SMH Accountants & Advisors can help you review your figures and identify the numbers that matter beyond the top line.

Book an appointment today.

πŸ“ž 03 9969 1247
🌐 smhaccountants.com.au

General information only. Consider your circumstances and seek professional advice.

09/10/2026

The right business structure is not simply about paying less tax.

It can affect your reporting obligations, personal liability, operating costs and plans for future growth. As your business changes, it may be worth reviewing whether the structure you began with is still appropriate.

Speak with SMH Accountants & Advisors for advice based on your business and circumstances.

πŸ“ž 03 9969 1247
🌐 smhaccountants.com.au

General information only. Restructuring may have tax and legal consequences. Seek professional advice before making changes.

A rushed BAS can lead to incorrect GST reporting, missed transactions and unnecessary corrections later.Keeping your boo...
05/10/2026

A rushed BAS can lead to incorrect GST reporting, missed transactions and unnecessary corrections later.

Keeping your bookkeeping current gives you more than a smoother lodgementβ€”it provides a clearer view of your cash flow and business performance.

SMH Accountants & Advisors can help organise your records, review your figures and prepare your BAS with confidence.

Book an appointment today.

πŸ“ž 03 9969 1247
🌐 smhaccountants.com.au

General information only. Consider your circumstances and seek professional advice.

Tax rate: as a sole trader, business profit is taxed at your personal marginal rate β€” up to 47% above $190,000. As a com...
28/09/2026

Tax rate: as a sole trader, business profit is taxed at your personal marginal rate β€” up to 47% above $190,000. As a company, it's a flat 25% for base rate entities (turnover under $50 million, no more than 80% passive income), or 30% otherwise.

Liability: sole traders carry unlimited personal liability. Companies offer limited liability for shareholders, though directors can still be personally exposed in specific situations.

Super: sole traders don't get compulsory super paid to themselves β€” it has to be voluntary. As a company director/employee, the company can pay super guarantee for you, and it's tax-deductible to the company.

Admin: sole trader is one simple tax return. A company means a separate return, ASIC reporting, a director ID, and Division 7A rules on any loans or drawings.

There's no one-size-fits-all answer β€” it depends on your profit level, growth plans, and risk exposure.

πŸ“ž Let's work out which structure actually fits your business. Link in bio.



( sole trader vs company tax Australia, business structure comparison, company tax rate 25 percent base rate entity, sole trader personal liability, superannuation guarantee company director, Division 7A shareholder loans, business structure advice Melbourne, incorporate business Australia, small business tax planning, company formation accountant)

25/09/2026

Payday Super has been live for 2 months. Here's what's already going wrong. ⚠️
Three mistakes we're seeing employers make right now:
The 7-business-day clock counts from when the money lands in the employee's fund, not when you hit pay. With the Small Business Super Clearing House gone for good, processing delays with a new provider can put you in breach even though you paid on time.

Contractors entitled to super are often paid through accounts payable, completely separate from payroll β€” so their super is being missed altogether.

Salary sacrifice now processes every payday instead of quarterly, making it easier to blow past the new $32,500 concessional cap without noticing.
One silver lining if you do fall short: the super guarantee charge itself is now tax-deductible under Payday Super. But the late payment penalty and interest component still aren't, and the old late-payment offset is gone for good.

πŸ“ž Let us get your payroll genuinely compliant. Link in bio.


(Payday Super compliance, superannuation guarantee 7 business days, super guarantee charge now deductible, payroll services Melbourne, small business super clearing house closure, contractor superannuation obligations, salary sacrifice concessional cap, ATO payroll compliance, employer superannuation obligations, payroll accountant Australia)

$300,000. That's how much you can put into super from selling your home β€” even if you're retired and even if it would no...
21/09/2026

$300,000. That's how much you can put into super from selling your home β€” even if you're retired and even if it would normally breach your contribution caps. 🏑

You (and separately, your spouse) can each contribute up to $300,000 from the sale proceeds β€” up to $600,000 per couple
You need to be 55 or older when you make the contribution
The home has to have been owned by you and/or your spouse for 10+ years
The contribution has to be made within 90 days of settlement

It doesn't count against your concessional or non-concessional caps, and there's no work test.

πŸ“ž Thinking about downsizing? Let's map out whether this applies to you. Link in bio.



(downsizer super contribution 2026, super contribution from home sale, downsizer contribution eligibility age 55, superannuation retirement planning Australia, contribution caps exemption, downsizer contribution 90 day rule, SMSF contribution strategy, retirement savings boost, property sale superannuation, financial planning Melbourne)

18/09/2026

If your trust pays a beneficiary without a TFN, this deadline is yours. πŸ“Œ

Exactly when it applies: if a beneficiary hasn't quoted their TFN before being paid or made presently entitled to trust income, the trustee must withhold tax from that distribution immediately β€” there's no grace period β€” at 47%, the top marginal rate plus the Medicare levy.

The trustee then has until 3 months after year-end β€” 30 September β€” to report what was withheld, on the Annual TFN Withholding Report, separate from the trust's income tax return.

We check this for every trust client, every year, so nothing slips through.

πŸ“ž Not sure if this applies to your trust? Contact us today. Link in bio.



Keywords: closely held trust TFN withholding, annual TFN withholding report, trustee tax obligations, family trust compliance Australia, trust distribution tax file number, trust accounting Melbourne, trust tax return deadline, beneficiary TFN requirement, ATO trust compliance, registered tax agent trusts

$1,000,000. That's Victoria's annual payroll tax threshold for 2026-27 β€” and "wages" means more than most business owner...
14/09/2026

$1,000,000. That's Victoria's annual payroll tax threshold for 2026-27 β€” and "wages" means more than most business owners think. 🏒

Cross $1 million in Victorian annual wages and you owe payroll tax at 4.85% (metro) or 1.2125% (eligible regional employers) on everything above the threshold
"Wages" includes salaries, bonuses, super, and often certain contractor payments too β€” not just base pay
Growing businesses also pick up the Mental Health and Wellbeing Surcharge once Australia-wide wages (apportioned) exceed $10 million: an extra 0.5%, rising to 1% combined once wages exceed $100 million

Cross the threshold without registering, and the State Revenue Office can go back and charge interest and penalties on top of the tax owed.

πŸ“ž Not sure if your business is close to the threshold? Let's check. Link in bio.



( Victoria payroll tax threshold 2026-27, payroll tax registration Victoria, State Revenue Office payroll tax, business wages threshold Australia, payroll tax rate Melbourne, mental health and wellbeing surcharge Victoria, growing business tax obligations, payroll tax penalty interest, small business payroll tax advice, Victorian employer obligations)

11/09/2026

Three important numbers have changedβ€”and overlooking them could cost your business. πŸ“Š

From Division 7A shareholder loans and concessional super contributions to the rising cost of unpaid ATO debt, these updates can directly affect your company or trust.

Tax settings aren’t β€œset and forget”. Regular reviews help ensure your figures, contributions and obligations remain up to date.

Need clarity on what these changes mean for your business?

Book a business advisory review with SMH Accountants & Advisors.

πŸ“ž 03 9969 1247
🌐 smhaccountants.com.au

General information only. Seek professional advice for your circumstances.



[Division 7A Benchmark Rate, Concessional Super Cap, ATO General Interest Charge, Business Tax Planning Australia, Company and Trust Tax Advice]

Address

82 Mount Alexander Road, Travancore , Victoria
Melbourne, VIC
3032

Opening Hours

Monday 8:30am - 7:30pm
Tuesday 8:30am - 7:30pm
Wednesday 8:30am - 7:30pm
Thursday 8:30am - 7:30pm
Friday 8:30am - 7:30pm

Alerts

Be the first to know and let us send you an email when SMH Accountants & Advisors posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to SMH Accountants & Advisors:

Shortcuts

Share