Kristallis accounting

Kristallis accounting Your modern accountant. The Kristallis accounting reputation has been built on over thirty years of accounting experience.

In an ever-changing and evolving business climate, we continue to provide small to medium sized businesses the insight to cut through the clamor and deliver real business results. Smart business accounting isn’t just about best practice – It’s about understanding areas for key growth, developing and fine-tuning a strategy and having the confidence to stick to a course of action that ensures busine

ss growth. Our strategic thinking and planning guarantees you have the tools to run your business to its full financial potential. Our focus first and foremost when working with clients is always to fully understand how their business operates so we can create solutions that are achievable and produce results.

Thinking an SMSF can borrow to buy any type of property? The rules have changed.New SMSF borrowing rules now apply to li...
31/08/2026

Thinking an SMSF can borrow to buy any type of property? The rules have changed.

New SMSF borrowing rules now apply to limited recourse borrowing arrangements used to purchase property.

Under the changes, property purchased through a new LRBA generally needs to meet the business real property (BRP) definition.
The important part is that BRP is based on how the property is used, not simply whether it is classified as commercial or residential.

There are also transitional rules that may apply to certain arrangements entered into on or before 10 August 2026.

Existing LRBAs over non-BRP assets can generally continue under the new rules, subject to the relevant requirements.

If you have an existing LRBA or are considering using one to purchase property, specialist advice is important before making any decisions.

We’ve covered the changes and transitional arrangements in more detail in our latest email.

Not subscribed yet? Subscribe now to receive the full update.

Buying a car for your business? The price on the windscreen isn’t the whole story.New car thresholds apply from 1 July 2...
28/08/2026

Buying a car for your business? The price on the windscreen isn’t the whole story.

New car thresholds apply from 1 July 2026, and they can affect the tax and GST treatment of your vehicle.

For vehicles first used or leased in the 2026–27 financial year:
Car limit: $69,883
Maximum GST credit: $6,353
LCT threshold: $91,661 for fuel-efficient vehicles and $80,809 for other vehicles

These limits can affect your depreciation deductions, GST credits and whether Luxury Car Tax applies.

So before signing a contract, it’s worth looking beyond the purchase price and considering the overall after-tax cost.

We’ve explained the key changes and what to consider before purchasing in our latest email.

Not subscribed yet? Subscribe now to stay up to date.

26/08/2026

Money doesn't always leave your business in obvious ways.
Sometimes it's hidden in missed deductions, payroll errors, outdated software subscriptions, slow-moving stock, or waiting until the end of the financial year to think about tax.
These small issues might not seem like much on their own, but over time they can have a real impact on your cash flow and profitability.
Taking the time to review your finances regularly can help you spot these hidden costs early, make better decisions, and keep more money working for your business.
If you haven't looked beyond your profit and loss lately, now might be a good time to start.

Making extra money through Airbnb, Uber or freelance work? The ATO may already know about it.Income earned through the s...
24/08/2026

Making extra money through Airbnb, Uber or freelance work? The ATO may already know about it.

Income earned through the sharing economy generally needs to be included in your tax return, even when it’s only a side income.

The ATO is receiving more information directly from online platforms, so keeping accurate records is becoming increasingly important.

If you earn sharing economy income, make sure you keep track of:
• Income received
• Platform fees and other expenses
• Expenses that may be deductible
• Tax you may need to set aside
• Whether GST or other obligations apply

Good records can make tax time much easier and help avoid unexpected tax bills.

We’ve covered what you need to know about sharing economy income and your tax obligations in our latest email.

Not subscribed yet? Subscribe now to receive the full update.

If your business uses a trust, this High Court decision is worth knowing about.The High Court has recently made an impor...
20/08/2026

If your business uses a trust, this High Court decision is worth knowing about.

The High Court has recently made an important decision for private businesses using discretionary trusts and corporate beneficiaries.
In simple terms, the Court confirmed that an unpaid distribution from a trust to a corporate beneficiary does not automatically become a Division 7A loan just because it remains unpaid.

This could provide greater certainty for businesses that have historically retained funds within their trust for working capital, investment or growth.

There is still more to consider. Existing formal loan arrangements cannot simply be undone because of the decision, and other tax rules, including section 100A, may still apply depending on the circumstances.

There are also proposed changes to the taxation of discretionary trusts from 1 July 2028, so this is an area worth watching.

We’ve covered the key points and what they could mean for private groups in our latest email.

Not subscribed yet? Subscribe now to stay informed.

Thirty years in accounting gives you a different perspective on money.We've worked with businesses of all sizes, and one...
19/08/2026

Thirty years in accounting gives you a different perspective on money.
We've worked with businesses of all sizes, and one thing has stayed the same: the businesses that succeed over the long term don't rely on guesswork. They understand their numbers and use them to make informed decisions.
Knowing your revenue is important, but it's only part of the picture. Cash flow, profitability, and regular financial reporting all tell a story about where your business is today and where it's heading.
Your numbers aren't just there for tax time. They're one of the most valuable tools you have for running a stronger business.
How often do you review your business's financial performance outside of EOFY?

Meet Elisa. 💙If you've been a Kristallis client for a while, there's a good chance you've already spoken with Elisa.She ...
13/08/2026

Meet Elisa. 💙
If you've been a Kristallis client for a while, there's a good chance you've already spoken with Elisa.
She joined our team back in 2004 as our receptionist after working in real estate administration. Over the years, she's taken on new challenges, grown into the role of Practice Manager, and become an integral part of the Kristallis family.
Ask Elisa what she's loved most about the past 20+ years, and she'll tell you it's the people. From working alongside Andrew and Con to building trusted relationships with our clients, it's been a journey filled with learning, growth and plenty of great memories.
Thank you, Elisa, for everything you do for our team and our clients every single day.

11/08/2026

Be honest... how many of these have you said? 😅
We promise you're not the first.
After more than 30 years working with business owners, we've heard just about every version of "I'll do it later" or "I thought that counted."
The good news is we're here to help, not judge. The more open you are about your business and finances, the better advice we can give and the easier it is to keep everything on track.
Now tell us... which one made you laugh because it sounded a little too familiar? 👀

Most people think an accountant's job ends with lodging a tax return.For us, that's just one part of the picture.Our Com...
07/08/2026

Most people think an accountant's job ends with lodging a tax return.
For us, that's just one part of the picture.
Our Compliance Package is designed to help you stay on top of your business throughout the year. From BAS and income tax returns to payroll reviews, financial reporting and year-end tax planning, we help make sure your business meets its obligations while giving you a clearer understanding of your numbers.
You'll also have a dedicated Kristallis accountant, ongoing support when questions come up, and regular review meetings to help you plan ahead with confidence.
If you're looking for an accounting partner who supports your business year-round, our Compliance Package could be the right fit.
Get in touch with our team to learn more.

We all know how quickly the week gets away from us.One minute you’re on top of everything, the next you’re searching thr...
29/07/2026

We all know how quickly the week gets away from us.

One minute you’re on top of everything, the next you’re searching through emails for a receipt from three months ago 😅

Having a simple routine around your finances can make a huge difference.

It gives you a better view of what’s happening in your business and saves you from the stressful catch-up later.

What’s one business task you always leave until the last minute? 👇

Address

6A Wetherill Street
Leichhardt, NSW
2040

Opening Hours

Monday 8:30am - 5:30pm
Tuesday 8:30am - 5:30pm
Wednesday 8:30am - 5:30pm
Thursday 8:30am - 5:30pm
Friday 8:30am - 5:30pm

Telephone

+61285684900

Website

Alerts

Be the first to know and let us send you an email when Kristallis accounting 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 Kristallis accounting:

Shortcuts

Share

Category