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SBS Business Advisors and Tax Specialists

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Burwood, NSW
SBS Business Advisors and Tax Specialists

Trusted CPA Public Accountants & Reg. Tax Agents specialized in Tax, Business Advisory & Accounting. We are Fellow CPA Public Practice & Registered Tax Agents.

We specialize in Taxation, Accounting & Business Advisory for Small and medium-sized enterprises (SMEs).

06/07/2026

More businesses are turning to external finance to stay afloat

In concerning news, 18% of businesses sought debt or equity finance in the 2024-25 financial year, a sharp rise from 5% in 2021-22, according to the latest data from the Australian Bureau of Statistics.

The top two reasons given for seeking finance were to:

* maintain short-term cash flow or liquidity (42%)
* ensure survival of the business (38%)

In the current economic climate, businesses of all sizes are facing ongoing rising costs that are placing them under greater financial pressure.

If cash flow is becoming a challenge, don't wait until it becomes a survival risk. Speaking to your accountant early can help you understand your main pressure points, explore ways to improve your cash flow position and determine whether external finance is an appropriate solution.

SBS Business Advisors and Tax Specialists

02/07/2026

New financial year, new compliance rules

The start of the financial year isn't just about tax returns. For many Australian small businesses, it also marks the beginning of a range of important compliance changes.

From 1 July, businesses need to prepare for reforms including payday super, higher Australian Securities and Investments Commission (ASIC) fees and tighter payroll obligations.

While each change may seem manageable on its own, together they have the potential to affect cashflow, payroll processes and day-to-day operations.

That's why now is a good time to review your systems and make sure they're ready for the year ahead. Updating payroll software, checking cashflow forecasts and understanding your new obligations can help avoid unnecessary stress later.

The businesses that tend to navigate regulatory change most successfully aren't always the biggest. They're often the ones that prepare early and treat compliance as part of good business management, rather than something to deal with at the last minute.

SBS Business Advisors and Tax Specialists

28/06/2026

Tax reform bill passes parliament

The federal government's first tax reform bill has now passed Parliament, bringing significant tax changes for workers, investors and small businesses.

Here are the key reforms:

* Income tax: Two further rounds of income tax cuts through the new Working Australians Tax Offset and an instant tax deduction for workers, in addition to the three previously legislated income tax cuts. This is estimated to deliver up to $2,816 a year in savings for the average worker by 2028.

* Negative gearing: From 1 July 2027, negative gearing will only apply to new builds. Existing investment properties are fully grandfathered.

* Capital gains tax: From 1 July 2027, the general 50% capital gains tax discount will be replaced with an inflation-based discount for future eligible assets.

* Small business CGT concession: The turnover threshold for the 50% active asset capital gains tax concession will increase from $2 million to $10 million, extending eligibility to around 2.7 million active small businesses.

Further legislation will be introduced in the coming months as the government rolls out its broader tax reform package.

SBS Business Advisors and Tax Specialists

25/06/2026

One of the best decisions I’ve made as an entrepreneur is surrounding myself with like-minded entrepreneurs.

Being part of a community where ideas, resources, and experiences are openly shared has been invaluable. Entrepreneurship can often feel isolating, but having a network of people who understand the challenges and opportunities makes a significant difference.

These connections have helped me:
✅Share and access valuable resources and insights
✅Avoid the isolation that many entrepreneurs experience
✅Accelerate my learning curve through others’ experiences
✅Receive crucial emotional support during both challenges and successes

Success is rarely achieved alone. The right community can inspire growth, provide perspective, and help you move forward faster than you could on your own.

Who are the entrepreneurs or mentors that have had the biggest impact on your journey?

22/06/2026

More small businesses set to benefit from CGT concessions

The federal government has announced it will expand the 50% active asset capital gains tax discount to small businesses with an annual turnover of up to $10 million – up from the current $2 million threshold.

This is on top of the regular 50% CGT discount that applies when business assets are sold, meaning eligible small businesses could potentially halve their taxable capital gain twice.

Startup founders, early-stage investors and employees receiving shares as part of their remuneration will also receive an additional concession – either a 50% discount or an inflation-linked discount. Final details are still subject to consultation.

If you're considering selling your business or its assets, these changes could significantly affect your tax position. Your accountant can help you understand how the new thresholds apply to you.

SBS Business Advisors and Tax Specialists

16/06/2026

Why small businesses are talking about Capital Gains Tax proposed changes

There has been renewed discussion in a Senate inquiry about possible changes to Capital Gains Tax (CGT) rules affecting small businesses. While nothing has changed in law as yet, the debate is important because it could shape future tax settings for business owners.

The concern is that proposed CGT adjustments may reduce existing tax concessions, make it harder to raise investment and lower the value businesses achieve when they are sold.

This is why accountants and business owners are paying attention now, even at the proposal stage.

For small business owners, CGT matters because it directly affects exit value, succession planning and investor confidence. Even early policy discussions can influence how businesses are valued and funded.

SBS Business Advisors and Tax Specialists

15/06/2026

Payday Super starts 1 July 2026: what employers need to know

Australian employers have less than a month to prepare for one of the biggest payroll changes in recent years.

From 1 July 2026, superannuation contributions must be paid at the same time as wages rather than quarterly. Known as Payday Super, the change is designed to reduce unpaid and late super and help employees build their retirement savings sooner.

Under the new rules, super contributions must be made on each pay run and will generally need to reach an employee’s super fund within seven days of payday. The Australian Taxation Office will also use payroll and reporting data to monitor compliance more closely.

Businesses should review payroll systems, check super payment processes and consider the cash-flow impact of more frequent payments.

It is important to use the time left until July 1 to ensure your business is ready.

SBS Business Advisors and Tax Specialists

14/06/2026

Small business, big pressure

Nearly one in three Australian small business owners has considered walking away from their businesses because of stress, according to new research commissioned by Xero.

The findings reveal the hidden emotional toll of entrepreneurship, with:

* 38% reporting severe stress levels
* 73% saying they struggle to switch off from work
* 34% losing more than five hours of sleep a night

Economic uncertainty remains a major concern, while tax season adds further pressure.

Despite the challenges, resilience remains strong, with 69% of business owners saying the stress is worth it or that they would never walk away.

The report highlights the growing need for support, better financial visibility and tools that reduce administrative burdens for small businesses.

SBS Business Advisors and Tax Specialists

09/06/2026

Beware of barter credit tax schemes

The Australian Taxation Office (ATO) is warning businesses to be vigilant about fraudulent tax schemes involving "barter credits" that promise unusually large tax deductions.

These arrangements typically involve purchasing barter credits through a business network and donating them to a charity. The issue arises when the credits are allegedly valued significantly higher than what was originally paid, allowing participants to claim inflated tax deductions.

The ATO notes that these types of schemes often circulate through personal networks that include friends, family and colleagues, which means it can be easy to miss the red flags.

Here’s what to watch out for:

* Offers to arrange charitable donations through barter credits
* Promises of substantial tax savings
• High fees or commissions based on tax savings
* Pressure to act quickly
• Requests for secrecy

The consequences can be serious, resulting in an ATO investigation and repayment of tax with penalties and interest charges.

If you're ever approached with an arrangement that seems too good to be true, seek advice from a qualified tax professional before proceeding.

SBS Business Advisors and Tax Specialists

08/06/2026

Small business productivity climbs to highest level since 2022

Australian small business productivity has risen for a second consecutive quarter, reaching its highest level since 2022, according to new data from Xero Small Business Insights.

The report found labour productivity increased by 5.3% year-on-year in the March quarter to $84.30 per hour worked, marking the second straight quarter above the long-term average.

Productivity is measured as sales generated per hour worked.

Real estate and construction led the gains, while Western Australia recorded the highest productivity levels among the states.

The findings suggest small businesses are becoming more efficient despite broader concerns about sluggish national productivity, with economists pointing to sustained momentum rather than a short-term spike.

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Level 1, 4 Railway Parade
Burwood, NSW
2134

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm
Saturday	9am - 4pm
Sunday	9am - 4pm

Website

https://www.sbsbusiness.com.au/

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