Balance Accountants & Advisers

23/03/2026

ASIC Scam

There is an active, widespread scam involving official-looking letters sent to business owners requesting payment for ASIC Annual Reviews.

These letters are not from ASIC and often charge significantly higher fees ($400–$500+) than the official ASIC cost.
Key Details on the Scam:

• Misleading Documents: The letters often use official language and logos, but include "subtle disclaimers" at the bottom stating they are not affiliated with ASIC.

• Fees are wrong: The letter requests a payment different from ASIC’s official rate ($329 for proprietary company reviews).

• Third-Party Agents: Companies like "Registration Pty Ltd" (sometimes operating as "Business Renewal" or "ABN Lookup") have been flagged for sending these notices.

• Unnecessary Costs: Scammers send these notices early to trick you into paying an additional "service fee".

If we are the registered agent for your company you will receive your renewal notice by email from us within a few days of your company’s review date from our corporate software – Nowinfinity.

11/03/2026

The way super contributions are paid is changing. Is your business ready for Payday Super?

02/03/2026

When did you last check that your business is charging enough?

Here's a scenario we see all the time:
You've been charging $85/hour for years. Costs have crept up – fuel, insurance, materials – but you've held your pricing steady because "that's what the market pays."
Then benchmarking shows similar businesses in regional NSW are charging $100-110/hour.

That's what benchmarking does – it shows you where you sit compared to others in your industry, so you can make changes backed by real data.

With everything costing more right now, it's worth knowing if your pricing is where it should be.

Want to find out where you stand? Call us today to discuss your benchmarking 📞

09/12/2025

09/12/2025

The office will be closed this Friday so the partners & staff can enjoy their annual Christmas Party

29/07/2025

• 2025 Tax Return Lodgement •

No appointment necessary

📱Text 0437 222 659 to get started

14/07/2025

📱Text 0437 222 659 for your tax return to be completed

02/07/2025

NEW PARTNER

We are delighted to announce that Tanya will be stepping into the role of Partner at Balance Accountants, effective 1 July 2025.

Tanya joined the Balance team in late 2019 and has been an invaluable asset ever since. An experienced and talented accountant, Tanya holds a Master of Professional Accounting and a Bachelor of Business Management. She has also achieved her Chartered Accountant qualification, demonstrating her commitment to professional excellence.

Originally from Camden, NSW, Tanya settled in Cowra in 2017. Outside of work, she is a dedicated wife and mother to three young children. As a busy working mum, Tanya cherishes time spent with her family. Tanya and her husband Ryan also own and operate RAD Gym in Cowra, reflecting their passion for supporting the local community and promoting healthy lifestyles.

We are proud to have Tanya as part of our leadership team and look forward to this next chapter with her as Partner.

21/05/2025

EXCITING NEWS

Balance Accountants Cowra NSW

21/05/2025

05/05/2025

Proactive Tax Planning Starts With You

As the end of the financial year (EOFY) approaches, it’s time to get your business records in order and ensure everything is ready for tax time.

EOFY can feel overwhelming, but with a bit of preparation and guidance, you can wrap things up smoothly and even find opportunities to strengthen your financial position for the year ahead.

Here’s a step-by-step guide to help you prepare:

1. Reconcile Your Accounts
Start by reviewing your accounting software and ensuring all bank transactions, invoices, and payments are up to date. Double-check that your bank statements reconcile with your accounting records. If anything looks out of place, now’s the time to investigate and fix it.

2. Organise Your Paperwork
Whether you keep records digitally or in hard copy, make sure all receipts, invoices, and financial documents are properly filed and accessible. This includes:
• Expense receipts
• Sales records
• Loan documents
• Asset purchase records
• Contractor invoices

Your accountant will need these to finalise your accounts and claim eligible deductions.

3. Review Your Debtors and Creditors
Take stock of your outstanding invoices. If clients owe you money, follow up and try to collect payment before EOFY. At the same time, review any bills or invoices you haven’t yet paid - these may be deductible this financial year if paid before 30 June.

4. Check for Tax-Deductible Opportunities
There may still be time to bring forward expenses or make additional purchases before 30 June. Some examples include:
• Prepaying rent, insurance or subscriptions
• Purchasing tools, equipment, or office supplies
• Making superannuation contributions for yourself or employees

Your accountant can guide you on what’s eligible and beneficial based on your cash flow.

5. Stocktake and Asset Review
If you sell physical products, a stocktake is essential. Note any slow-moving, obsolete, or damaged stock. Similarly, review your asset register - are there any outdated or scrapped items that can be written off?

6. Superannuation and Payroll Reporting
Ensure all superannuation guarantee contributions are paid on time to claim deductions. Also, make sure your Single Touch Payroll (STP) reporting is up to date. You'll need to finalise your payroll for the year and provide income statements to your employees through the ATO system.

7. Meet with Your Accountant
EOFY is a perfect time for a financial health check. Book a meeting with your accountant to:
• Review your tax position.
• Discuss any changes in business structure.
• Plan for the next financial year.
• Explore strategies to minimise tax and improve cash flow.

We can also help you avoid common EOFY pitfalls and ensure your reporting is accurate and compliant.

EOFY doesn’t have to be stressful. With some planning and support from your accountant, you can close out the year with confidence and clarity. Even better, EOFY prep often reveals insights to help your business grow stronger in the new financial year.

If you need help getting ready, contact us - we’re here to guide you every step of the way.