Nathan Rigney Profit Generator

Nathan Rigney Profit Generator Key note speaker, business success tips, not your typical accountant, Profit First Professional and award winning business owner and mentor.

Imagine an accountant that makes tax time stress free and pain free... Yes it does exist! Tax time can often be an inconvenient and stressful time of year for most people. First you need to set aside time to meet with a tax advisor, then when you meet you can be up for a world of pain. Nathan Rigney, is your dedicated and highly qualified taxation specialist and will ensure you receive the absolut

e maximum tax return legally available. Better still, we're available when you are. Appointments can be made in the evening or on weekends and if you can't make it into see us, we can complete your interview over the phone. So you won’t be wasting your precious time traveling or taking a few hours out of work just to have your tax return completed. It is our aim to make it stress free and we are here to accommodate you. When you have your tax return completed with NGR Accounting, we guarantee:
•The maximum tax return legally available
•Personal Service
•A Dedicated account manager
•Convenience
•Rapid service
•Dealing with a locally owned and operated business
•Your personal information remains in Australia
•Access to other additional personal services

So call 0415 645 878 today to book an appointment or for further information

16/07/2026

🏡 Property investors... this is one mistake you want to avoid.

Many people think paying extra off their investment loan is always the smartest move.
But if you redraw that money later for personal use, you may create what’s known as a mixed-purpose loan.

That can mean:
❌ More complicated accounting
❌ Reduced deductible interest
❌ ATO scrutiny
❌ A lot more work at tax time
In many situations, an offset account can achieve the same interest savings while keeping your original investment loan intact.
Every situation is different, but understanding the difference before moving your money could save you a lot of headaches.

AustralianProperty TaxTips

14/07/2026

🏡 Renting out an Airbnb or short-term holiday property?

Don’t assume every expense is fully tax deductible.

If you:

✔ Stay in the property yourself
✔ Let friends or family use it for free
✔ Rent it below market value
..you may need to reduce the deductions you claim.

Why?

Because tax deductions generally need to relate to earning assessable income. If part of the property’s use is private, your expenses may need to be apportioned.

The ATO is also using increasingly sophisticated data-matching and analytics to review property claims, so it’s more important than ever to get it right.

Accounting AustralianProperty ATO

13/07/2026

🧾 Thinking you can stop keeping receipts because of the new $1,000 tax deduction?

Not so fast.

Here’s what you need to know:

✅ The $1,000 standard work-related deduction doesn’t apply to your 2025–26 tax return.
✅ It’s proposed to start from the 2026–27 financial year
✅ If your eligible work-related expenses are more than $1,000, you’ll still need receipts to claim the higher amount.

Remember, the proposed deduction doesn’t replace every other deduction either. Expenses such as tax agent fees, donations, investment expenses and income protection insurance may still be claimable separately, depending on your circumstances.

The safest approach?

Keep every receipt.

It’s much easier to throw one away later than wish you’d kept it.

TaxReturn SmallBusiness

12/07/2026

🏡 Own a holiday home?

There’s a new ATO ruling that could change what you can claim at tax time.

If your property is only rented for short periods and primarily used as a holiday home, you may no longer be able to claim many of the ongoing holding costs in the same way you could before.

Depending on your circumstances, expenses like:

• Interest
• Council rates
• Water rates

may not be immediately deductible. Instead, they may form part of your property’s cost base for Capital Gains Tax purposes when you eventually sell.

Every situation is different, so it’s important to understand how the new ruling applies to your property.

Accounting AustralianProperty TaxTime

Disclaimer: This post provides general information only and is not intended as personal financial advice. The information presented here does not take into account your individual financial situation, investment objectives, or particular needs. You should consult with a qualified financial advisor or registered tax professional before making any financial decisions based on the information in this post. The author and website owner are not liable for any actions taken based on this general advice.

08/07/2026

💰 Did you know your income could trigger an extra tax?

If your income is above the Medicare Levy Surcharge thresholds and you don’t have eligible private hospital cover, you may pay an additional Medicare Levy Surcharge.

For the 2025–26 financial year, the threshold starts at:

👤 $101,000 for singles
👨‍👩‍👧‍👦 $202,000 for families (plus additional amounts for dependent children)

It’s also important to correctly declare your spouse in your tax return, as your family income can affect whether the surcharge applies.

Private hospital cover isn’t the right choice for everyone, but understanding how the surcharge works can help you make an informed decision before tax time.

Accounting TaxTips

07/07/2026

💰 Tax season is here... but don’t rush to lodge your tax return.

I know it’s tempting, especially if you’re expecting a refund.

But lodging too early could mean:

❌ Missing income that’s still being reported
❌ Having to amend your tax return later
❌ Paying money back to the ATO

Before you lodge, make sure:

✅ Your employer has finalised your payroll
✅ Your bank interest has been reported
✅ Any dividends or managed fund distributions have been received
✅ You’ve gathered all your tax deduction receipts

A little patience now can save a lot of time and frustration later.

Happy tax season!

SmallBusiness TaxRefund ATO

06/07/2026

💼 Do you pay contractors in your business?

If you’re in industries like:

🏗️ Building & construction
🚛 Road freight
🧹 Cleaning
💻 IT
🛡️ Security & surveillance
..you may need to lodge a Taxable Payments Annual Report (TPAR).

This report tells the ATO how much you’ve paid to contractors during the financial year.

Before you lodge, make sure you have:

✅ Contractor business names
✅ ABNs
✅ Addresses
✅ Contact details
✅ Payment records

The ATO is paying close attention to contractor reporting, particularly in industries where contractor arrangements are common.

It’s also a good time to review whether your contractors are genuinely contractors, or whether they may actually be employees for super or other compliance purposes.

Construction RoadFreight Compliance

03/07/2026

👤 Has your accountant asked you to verify your ID... again?

You’re not alone.

From 1 July, new Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) requirements mean many accountants, lawyers, conveyancers and real estate professionals will need to complete additional identity checks.

That could include:

✅ Verifying your identity
✅ Confirming business ownership details
✅ Updating information about your business structure
✅ Completing extra compliance checks

If you’ve been a client for years, it can feel unnecessary.

But these requirements aren’t about whether we know you, they’re about complying with new laws.

Unfortunately, these extra checks also mean more administration, new software and additional compliance costs.

The goal is to help protect Australia’s financial system from money laundering and other financial crime.

Compliance AustralianBusiness

02/07/2026

As another financial year comes to a close, it’s worth taking a few moments to review the fundamentals.

An effective EOFY review isn’t just about tax compliance, it also helps set your business up for a stronger year ahead.

Some important considerations include:

• Finalising trust distribution resolutions where required
• Reviewing business performance against previous years
• Identifying and writing off genuine bad debts
• Ensuring all supplier invoices have been entered
• Reviewing outstanding liabilities and cash flow
• Purchasing any genuine business assets needed before year-end

A well-prepared set of records can make year-end reporting significantly smoother and provide better insights for future planning.

Here’s to a successful finish to the financial year and an even stronger one ahead.

Leadership

29/06/2026

📋 Before you close out the financial year, make sure you’ve ticked these off.

EOFY isn’t just about lodging tax returns.

It’s about making sure your business is in the best possible position for the year ahead.

Here’s a quick checklist:

✅ Finalise your trust distribution resolutions (if applicable)
✅ Review your profit and loss compared to previous years
✅ Write off genuine bad debts
✅ Make sure all supplier invoices are entered into your accounting software
✅ Pay outstanding bills where appropriate so you can claim GST in the correct BAS period
✅ Purchase any genuine business equipment you need before 30 June

The cleaner your records are now, the easier tax time will be.

And remember...

Good EOFY planning isn’t about paying less tax at all costs.

It’s about making smarter business decisions.

Happy EOFY and here’s to a successful 2027 financial year! 🍻

Accounting AustralianBusiness

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