Tax Visory

Tax Visory Chartered Accountants passionately empowering small business owners to turn their dreams into reality!

25/02/2026

Still unsure how to check if a charity is tax deductible? Here’s how.

Search for ABN Lookup, enter the charity name or ABN, and scroll to “Deductible Gift Recipient Status.” If it’s endorsed by the Australian Taxation Office, it will clearly say so.

For example, Mission Australia is endorsed as a DGR from 1 July 2000 — meaning donations are tax deductible.
Give generously. Claim properly

24/02/2026

You could be donating to charity… and getting zero tax benefit — without realising it.

Not every registered charity is endorsed as a Deductible Gift Recipient (DGR). If it doesn’t have DGR status with the Australian Taxation Office, you can’t claim the deduction — even if the cause is genuine.

Before you donate, check their status on ABN Lookup.
Give generously — but give smart.

23/02/2026

The biggest tax mistakes aren’t dramatic.
They happen quietly in week one.

Choosing the wrong structure at the start feels cheap and easy — until your business grows. Then changing it can trigger capital gains tax, restrict dividend planning, and cost you far more than proper advice ever would.

If you’re building something serious, set it up like you mean it.

13/02/2026

Let me tell you a quick story 👇

A business owner came in for a second opinion.
No stress. No problem.
Just wanted clarity.

We talked business.
Reviewed the numbers.
Went through the Xero file 📊

Everything looked normal — until it didn’t.

They had imported a large piece of machinery ⚙️
Customs duty was paid.
Totally standard. Nothing aggressive.

But when we checked how the customs invoice was recorded in Xero…
One small detail didn’t line up ❌

The duty had been paid —
But it wasn’t recorded correctly in the books.

Not fraud.
Not a big mistake.
Just one of those things that’s easy to miss when you’re busy running a business.

We fixed it.
One standard mistake.
Clean books again ✅

And that single correction?
It made their day.

Because most problems aren’t dramatic —
They’re small details hiding in plain sight.

💼 🧾 🚀 🇦🇺 📊 🔍 ⚖️ 💡 ❌ 📖

12/02/2026

Most business owners make the same mistake 🚨
They think company money = their money

Wrong. Dead wrong ❌

From day one, company profit is NOT your money.
The moment you run a company, that cash belongs to the company, not you 🏢

You don’t get to transfer it out just because you “earned” it.

If you pull money without paying yourself properly:
⚠️ The ATO can step in
⚠️ Reclassify it as a dividend
⚠️ Charge extra tax, interest, and penalties 💸

No written agreement?
No mercy. Simple as that.

So what should you do instead? 👇

Before you touch company money, decide how it’s coming out:

• Need regular cash?
👉 Put yourself on payroll
👉 Pay a salary or declare dividends 💼

• Want to take money as a loan?
👉 Written loan agreement 📄
👉 Proper interest
👉 Repayments on time ⏰

Structure first.
Paperwork first.
Then money.

Because running a company isn’t freedom —
It’s responsibility.

💼 💰 🧾 📊 ⚖️ 🇦🇺 🚀 📚 💡 🛡️

11/02/2026

“Should I replace my individual structure with a company or a trust?” 🤔
I get this question all the time.

Here’s the truth 👇
There is no single best structure ❌

• Individual ownership is simple 🧾
But it gives you zero protection and zero flexibility

• A company can cap tax and works well for trading income 🏢
But it’s rigid
Sharing profits or adjusting for family? Not so easy

• A trust sits in the middle ⚖️
✔️ Flexibility
✔️ Control
✔️ Long-term planning
❗ Only if it’s set up and managed properly

The real mistake? 🚨
Choosing a structure only for tax savings
And ignoring growth, risk, and how life keeps changing 📈🔄

The right structure isn’t about saving tax this year.
It’s about:
🛡️ Protecting what you’ve built
🤝 Supporting the people around you
🧠 Giving yourself options

Tax is part of the game — not the whole strateg

🏗️ ⚖️ 🧾 🛡️ 💼 📈 📚 💡 🚀 🇦🇺

08/02/2026

One small mistake can lock you into higher tax brackets for life 🔒💸
Hold shares in your own name and dividends are taxed only to you — no flexibility 🚫
A trust changes the game ♟️
Income can be distributed, tax can be spread, and lower rates can apply 📉
This isn’t tax avoidance ❌
It’s smart structuring, long-term planning, and staying in control as you grow 🚀
Get it wrong once… and you pay for it every year after ⚠️

04/02/2026

💡 Quick reality check for business owners:

A big tax refund might feel like a win…
But it usually means you’ve been overpaying the ATO all year.

📌 And to clarify — this is for businesses, not individuals (like DfE).

That’s your cash, sitting with the ATO, interest-free, instead of working for you.

🎯 The real goal?
Not a big refund.
Not a scary tax bill.
But getting your tax as close to right as possible —
So your cash flow stays predictable.

📊 Same tax. Better timing. Less stress.

03/02/2026

Lodging your tax?
✅ That’s the bare minimum.

A real accountant will:
📊 Help you understand your numbers
🔮 Warn you about what’s coming before it hits
📅 Plan during the year — not after the damage is done

If you only hear from your accountant at tax time…
That’s not advice.
That’s just lodgment.

Your business deserves better.
Get strategic. Get supported.

02/02/2026

🚫 Growth ≠ More Clients

Most business owners think growth means “get more clients.”
But more isn’t always better. 🙅‍♂️

One of our clients was flat out:
💼 Busy team
📈 Decent revenue
😓 Constant stress

When we dug deeper, we found the issue —
👉 A small group of low-margin clients causing most of the pressure.

Here’s what we changed:
✅ Raised prices
✅ Tightened payment terms
✅ Stopped discounting just to keep everyone happy

Yes — a few clients left.
But guess what?
💡 Profit went up
💡 Workload went down
💡 Decisions got easier

Real growth isn’t about more clients — it’s about the right ones.

01/02/2026

🚨 Important Update: ATO & Income Splitting

The ATO is cracking down on income splitting — and if you’re shifting income to a spouse or family member who didn’t actually earn it, that’s where the issues begin. ⚠️

The ATO now looks deeper than just your business structure. They want to know:
🔍 Who actually did the work?
🔍 Who controlled the business?
🔍 Who took the risks?

Yes, family trust and company structures still work — but they must reflect commercial reality, not just a tax outcome.

💡 Bottom line: Your structure needs to make sense on paper AND in practice.

If you're unsure, now's a great time to chat to your accountant.

Address

130 Kingston Road
Brisbane, QLD
4119

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm

Telephone

+61451114862

Website

Alerts

Be the first to know and let us send you an email when Tax Visory 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 Tax Visory:

Shortcuts

Share

Category