TBar Accounting

The ATO reminds shareholders of private companies that understanding how Division 7A of the tax legislation applies is crucial to avoiding costly tax consequences when accessing the company’s money or other benefits.

When Division 7A applies, the recipient of a payment, loan or other benefit can be deemed to have been paid an unfranked dividend that will be included in their assessable income.

Read more of this blog from Nathan here https://www.tbaraccounting.com.au/ato-warns-of-common-division-7a-errors/

Farming Families
We love working with farming families. There is nothing more “true blue” than a farming family.

We Get It — Because We Live It Too
You love what you do — just like we love what we do. It’s more than a job. It’s a calling. When the rains don’t come, the feed is low, or prices aren’t quite cutting it — you tough it out. And when the conditions are right, there’s no better life.

We understand farming is a cycle of seasons — and your accountant needs to understand that too. It’s not just about numbers. It’s about timing, planning, legacy, and keeping the wheels turning.

Contact Nathan TODAY
https://www.tbaraccounting.com.au/farming-families/

Book Your Free Consult

Whether you’re running a family farm, growing a new enterprise, managing an established business, or working hands-on in the trades — we’re here to help.

At T-Bar Accounting, we offer complimentary discovery calls to understand your goals and tailor practical solutions that fit your needs. From bookkeeping to business structure and planning, we’ll help you move forward with confidence.

📞 Book your free consultation today.

BIG NEWS FOR 2026

We are incredibly excited to launch our Girls NRLW Rugby League Tour to Sydney in September 2026! This amazing opportunity will give our girls exposure to elite sporting pathways, inspire future goals, and allow them to experience rugby league at the highest level.

More than just football, this tour is about building confidence, resilience, teamwork, wellbeing, and creating lifelong memories and friendships along the way. 💙

A huge THANK YOU to all of our incredible sponsors for your support in helping make this experience possible for our players. Your generosity is helping empower the next generation of young women both on and off the field.

Sydney, here we come!

Well Life Services QCWA Glenore Grove Branch Bluebreeze - Gatton BRS-ta Coffee Lockyer Printing Queensland Rural, Regional and Remote Women's Network Jim McDonald MP TBar Accounting BUSY At Work Brisbane Refinish Supplies MW Earthworks & Rural Services

Legislation has recently been enacted which delivers on the 2025/26 Federal Budget announcement to reduce student debts.

Read more of this blog by Nathan here https://www.tbaraccounting.com.au/bill-to-reduce-student-debt-now-law/

Small Business. Big Vision. Turning On Your Ideas.

At T-Bar Accounting, we love working with passionate business owners who dare to dream big.

From start-up to scale-up, we’ll help you bring your ideas to life with practical advice, sound systems, and the clarity to make confident decisions. Because every big success starts with a smart plan.

Let’s turn on your ideas and build something great together.

The ATO is warning the community to steer clear of an emerging tax scheme involving barter credits — a type of alternative currency used in some business networks.

A tax scheme that involves artificially inflating deductions for donations of barter credits to deductible gift recipients (‘DGRs’) is on the rise. While it may seem enticing, promoters and taxpayers could face potentially significant consequences if they are involved.

The ATO is concerned that such schemes are being enabled by several barter exchanges that are allowing participants to access barter credits with a nominal face value that is much more than any payments actually made to the exchange. Participants then donate these barter credits to a DGR and claim a larger tax deduction than they are entitled to.

Those involved may have to repay the tax, plus face heavy penalties, interest and legal action.

Read this blog and many more here https://www.tbaraccounting.com.au/blog/

The ATO has the following tips for taxpayers in relation to the CGT main residence exemption.

They should consider if they have bought or disposed of property in the past income year. If they have sold property, were they using it solely as their primary place of residence, earning income from it (rental or business), or was it vacant land?

Read more of this blog by Nathan here https://www.tbaraccounting.com.au/getting-the-main-residence-exemption-right/

The Three P’s — Profit. Peace. Productivity

At T-Bar Accounting, we believe true business success is about more than just profit.

It’s about having peace of mind knowing your books are in order, your systems are efficient, and your decisions are backed by clear, accurate information. When you have confidence in your numbers, productivity naturally follows — giving you more time to focus on what matters most.

Profit. Peace. Productivity. The T-Bar way.

The ATO is warning businesses that if they incorrectly treat an employee as an independent contractor, then they risk receiving penalties and charges.

Read more of this blog by Nathan here https://www.tbaraccounting.com.au/employees-incorrectly-treated-as-independent-contractors/