Black and Krantz - Accountants and Financial Advisers

6 tips to help businesses avoid financial difficulties: https://1l.ink/T43H8P7

Small business owners can face many challenges that impact their finances. It could be something small, like an unpaid invoice every now and then, or something bigger, like a natural disaster or an out-of-control business debt.

Big or small, these financial pressures can build up and become something you can’t control. Financial Counselling Victoria outlines 6 tips to help businesses avoid financial difficulties.

It’s always a good idea to review your finances, even if your business is doing well.

These issues are complex but we will make it simple for you.

Make a simple decision – Contact us today on 03 9682 3000. We look forward to meeting with you soon: https://1l.ink/2KTQ7RK

Division 296 tax on large super balances: https://1l.ink/LCSSQJZ

Div 296 tax is now in legislation and levied directly on the individual with balances over $3m in super fund.

You have the choice of paying Div 296 tax personally or elect to release the amount from your super (or use a combination).

If electing a release, your application generally must be lodged within 60 days of the assessment notice. Tax attributable to a defined benefit interest is generally deferred until benefits become payable.

These issues are complex but we will make it simple for you.

Make a simple decision – Contact us today on 03 9682 3000. We look forward to meeting with you soon: https://1l.ink/N2GSP2W

Professionals at helping you make smart choices about your money: https://1l.ink/MGR5LL2

Let's be honest here – everyone, yes even you, would like to be wealthier than they are now.

Managing and protecting your wealth is no joking matter. (Especially those jokes about how many accountants it takes to change a light bulb!). You deserve a serious and comprehensive program to manage your wealth and your decisions – with Wealth Control© you get exactly that.

These issues are complex but we will make it simple for you.

Make a simple decision – Contact us today on 03 9682 3000. We look forward to meeting with you soon: https://1l.ink/JFRN3HN

How Do I Write Legally Compliant Terms and Conditions for My Business? - https://1l.ink/H62DH76

Well-drafted terms and conditions protect your business and set clear expectations for customers.

They must comply with the Australian Consumer Law, be fair, and address your specific business needs.

Keep your terms current and enforceable by ensuring customers actively agree to them, writing in plain English, maintaining proper records and completing regular reviews.

These issues are complex but we will make it simple for you.

Make a simple decision – Contact us today on 03 9682 3000. We look forward to meeting with you soon: https://1l.ink/VRB54K2

Paid parental leave super contributions have started: https://1l.ink/32P4LBM

From July 2026, the new Paid Parental Leave Superannuation Contribution (PPLSC) has started.

Given, the ATO will pay the contribution to the fund on file with the ATO, you may need to check personal and super details are up to date with the ATO, services Australia and your fund.

These issues are complex but we will make it simple for you.

Make a simple decision – Contact us today on 03 9682 3000. We look forward to meeting with you soon: https://1l.ink/BQN5XP3

Managing your mental health and wellbeing during times of uncertainty: https://1l.ink/RPZVHW5

Running a small business has always required grit, creativity and the ability to adapt quickly. However, today’s environment brings a level of uncertainty that can present challenges for everyone.

Economic pressures, rising operating costs, shifting customer behaviour and ongoing workforce challenges don't just affect business decisions; they can also affect your mental health and wellbeing.

Here are some practical strategies to help you navigate uncertainty and manage stress: https://1l.ink/TWM6P2J

ATO reminds practitioners to avoid common FBT mistakes: https://1l.ink/TKS3XQQ

The ATO has warned tax practitioners about common mistakes made by taxpayers and their advisers when lodging fringe benefits tax returns.

During a March webinar, the ATO laid out common mistakes made by taxpayers and advisers when lodging their fringe benefits tax (FBT) returns.

These issues are complex but we will make it simple for you.

Make a simple decision – Contact us today on 03 9682 3000. We look forward to meeting with you soon: https://1l.ink/S2B65SH

Payday Super: 6 Things Small Businesses Need to Know: https://1l.ink/25DQXH8

Instead of paying super quarterly, you’ll need to pay it with each payroll, and contributions have to reach employees’ funds within 7 business days.

The amount doesn’t change — but timing, systems, and risk do.

What to Do Now

Prepare early to avoid disruption:

☑️ Model your cash flow under the new system
☑️ Confirm your payroll software is ready
☑️ If necessary, transition off the ATO clearing house
☑️ Review employee pay structures
☑️ Businesses that act now will transition smoothly. Those that don’t risk cash flow pressure, system issues, and penalties.

These issues are complex but we will make it simple for you.

Make a simple decision – Contact us today on 03 9682 3000. We look forward to meeting with you soon: https://1l.ink/HKZ74TK

Why every business should have an AI policy: https://1l.ink/53QBV6M

Discover why a clear workplace AI policy is essential to protect your business, ensure compliance, and harness AI safely.

Artificial intelligence (AI) isn’t just a buzzword. It has quickly become part of everyday work.

Whether it’s drafting documents, analysing data, creating marketing content, or streamlining customer interactions. In many small and medium-sized businesses, employees are already experimenting with AI tools, often without formal guidance or approval from their employer.

These issues are complex but we will make it simple for you.

Make a simple decision – Contact us today on 03 9682 3000. We look forward to meeting with you soon: https://1l.ink/BMPDLFX

Does Your Small Business Need to Follow AML Privacy Rules? - https://1l.ink/SQP3K65

Compliance with new anti-money laundering (AML) laws may subject your small business to additional privacy obligations it did not face before.

If your business will be required to comply with the Anti-Money Laundering and Counter Terrorism Financing Act 2006 (AML Act), you also need to consider your privacy obligations when handling personal information.

Even if you operate a small business that would normally be exempt from privacy regulation, the new AML laws could change this.

These issues are complex but we will make it simple for you.

Make a simple decision – Contact us today on 03 9682 3000. We look forward to meeting with you soon: https://1l.ink/3HB5T2L