Valkyrie Accountants & Advisors

Valkyrie Accountants & Advisors We're redefining what it means to be your accountant. Say hello to a new era of business advice.

We’re in the office today and in between some fantastic EOFY client meetings, we’ve been reflecting on what we got up to...
01/06/2026

We’re in the office today and in between some fantastic EOFY client meetings, we’ve been reflecting on what we got up to last month. May is always a massive month for accountants, and we are no different!

Huge shout out to our team and support network for helping us get through the busiest month of the year.

If you’re wondering what our world looks like during busy season, here are the stats for May:
✅ 3 major ATO deadlines (income tax, BAS & FBT)
✨ 21 new client enquiries + 9 new client groups onboarded
📅 16 tax planning / EOFY meetings
📞 129 phone calls
🎉 1 new service offering launched
☕️ 52 coffees consumed
📱 1 newsletter, 1 federal budget review, and 3 social posts
📧 Too many emails to count
🐶 Unlimited puppy cuddles

We cannot wait to see what the last month of the financial year has in store for us, but something tells us it’s going to be great!

What was your month like in your business? Let us know!

Hot take: business owners should pay themselves first. Most business owners are told they won't make any money in their ...
26/05/2026

Hot take: business owners should pay themselves first.

Most business owners are told they won't make any money in their first few years of business, and that they need to constantly reinvest any profits back into the business for it to grow.

To us, that sounds like a really fast way to burn yourself out and lose passion for the business you've just built from the ground up.

By paying yourself enough regularly, and as a priority, you'll be able to ensure your business is viable, cashflow is more regular, and that you don't burn out as fast.

The one thing we ask our business owners all the time is "how much do you need to take from the business in order to live your life?". Most people don't know the answer to this question, and it is the reason they end up with no cash in their business bank accounts.

Not understanding how much money you actually need to support your lifestyle translates into drawing random extra funds from your business bank account to compensate for personal spending, not being able to pay the ATO come tax or BAS time, and having to rely on consumer credit to support your business.

But it's not all bad news! Once we know what funding your lifestyle actually costs (no judgement here - it's always more than you think!), then we can give you sales targets to aim for so your revenue supports your lifestyle and your business goals. How good is that?

Do you pay yourself regularly as a business owner? Let us know!

Absolutely delighted to announce we’ve been named a finalist for the 31st Annual Hunter Region Business Excellence Award...
29/04/2026

Absolutely delighted to announce we’ve been named a finalist for the 31st Annual Hunter Region Business Excellence Awards!

Ever heard the phrase "revenue is vanity, profit is sanity"?If your sales (revenue) are increasing, but your cashflow st...
28/04/2026

Ever heard the phrase "revenue is vanity, profit is sanity"?

If your sales (revenue) are increasing, but your cashflow still feels tight, this one's for you.

Generally, when sales increase, costs will also increase. The trick is to make sure the costs are not growing faster than the revenue.

Here are the 5 steps we use in our sessions with our clients to make sure their profit margins don't decrease as their sales grow:

1. Work out what amount of revenue you need to bring in each month to cover your costs (overheads + COGS)

2. Review your expenses to see where you can cut unnecessary spending without compromising on the quality of your product or service.

3. Review your personal spending and lifestyle habits. Figure out what it costs you to live your life for 12 months, and add that to your costs. Ensure you're consistently paying yourself (this is a non-negotiable).

3. Ensure your bank accounts are structured so money flows easily. We recommend having an operating account, an income tax/gst savings account, and a profit savings account

4. Stop investing into the business without being clear on what the return on investment is. This doesn't have to be money; it can be time.

5. Price for profit. You're not running a charity, so stop acting like you're a bad person for making money in your business.

If you're not sure how to work out your pricing, then we're here to help!

Creating space for moments like this is so important when you’re running a business. Small business owners make a thousa...
20/04/2026

Creating space for moments like this is so important when you’re running a business.

Small business owners make a thousand decisions every day, and making those decisions without the right information can take a toll.

The right information? It’s in the numbers.

Numbers tell us a story. They tell us what business line is making you money, where you’re bleeding cash, if your structure is still right for you, how to save on tax, and where you should spend your time so you achieve your goals without burning out.

Right now, we are doing tax planning for our clients who want to leverage their numbers and be proactive in their spending.

Tax planning isn’t about just saving money at tax time. If your business is successful, you’re going to pay tax. But being proactive and having a plan in place (with enough time to implement it) means that your money is working for you. The added bonus is that you also save on tax.

Tax planning time is now. If you want to be proactive this year, the first step is sending us a DM.

Yesterday the RBA announced that they're banning the passing of surcharges on when consumers elect to pay by card. This ...
01/04/2026

Yesterday the RBA announced that they're banning the passing of surcharges on when consumers elect to pay by card. This comes into effect on 1 October 2026.

Sounds like a win, right?

Unfortunately, it's just not that simple when you run a small business.

Businesses will still incur the cost of providing the facilities for customers to pay via card, and that cost needs to be considered when pricing goods and services so profit margins aren't impacted.

Costs will be lowered, but the cost of providing card payment facilities will still be there.

As a business owner, here's what you can do now to prepare for this change:

🌻Don't panic! The only way you're going to lose money from this announcement is by ignoring it. The savvy business owners will take this as a sign to review their numbers and get out in front of this before it's a problem.

🌻Review your per-item profitability. Ensure all products and services you sell are profitable and make enough margin to cover your overheads + owner pay (with some to spare for reinvestment).

🌻Consider your costs to provide card payment services and pay attention to which providers are offering good deals in the weeks & months following this announcement. Might be time to change who you use for card payment processing!

🌻Review and update your pricing. You now need to absorb the cost of providing payment services to your customers, so it's a great opportunity to review your pricing and make sure you're pricing appropriately. You were probably due for a price rise anyway!

🌻 Communicate with your customers. Give people enough notice that prices are changing, and re-communicate the value of your product or service. This proactive approach ensures that customer satisfaction remains high.

If you're not sure about how to understand if you're charging correctly, reach out, and we can point you in the right direction!

Considering getting credit card for your business? Read this first! 💳 Business credit cards can either be powerful tools...
19/02/2026

Considering getting credit card for your business? Read this first! 💳

Business credit cards can either be powerful tools, or quiet profit killers. To ensure they’re not hurting your business, you need to understand what not to do.

Points are great if the card is paid off on time. But missed payments, ATO surcharges, and using points for personal perks can quickly turn into interest, tax issues and unnecessary stress.

Not sure if your business credit card is helping or quietly hurting? A quick review can bring clarity and confidence. Check out our latest blog for more detail! Link in bio.

Business owner vs. BAS bills 👀 Are you staring at your BAS bill with the same level of confusion as Ollie dog trying to ...
30/01/2026

Business owner vs. BAS bills 👀

Are you staring at your BAS bill with the same level of confusion as Ollie dog trying to figure out chickens?

You’re not alone! BAS bills can be confusing if they’ve never been explained to you. Here’s what is included in your quarterly BAS:
🌻 GST on income minus GST on eligible expenses
🌻 PAYG Withholding on staff wages
🌻 PAYG Income Tax Instalment

Key things to remember to make BAS time less stressful:
🌻 GST is not your money. If you’re GST registered, your business is a collection vehicle for the ATO for Goods and Services Tax. Put this money away into a seperate account regularly so it doesn’t get accidentally spent.
🌻 PAYG Withholding is tax that is required to be withheld on behalf of your employees and paid (quarterly or monthly) to the ATO. Check your payroll software each pay cycle and transfer the PAYGW number directly to your savings when you do your pays. This is usually the bulk of your BAS bill when you’re an employer, so saving for it regularly will help massively come BAS time.
🌻 PAYG Instalments are prepayments of income tax for your business for the upcoming financial year. This will reduce your tax payable when you lodge your tax return. This is a good thing as it evens out your payment of tax throughout the year so you don’t get smashed with a huge tax bill on lodgement of your tax return.

Want to get really fancy? Ask us how to automate your BAS savings! 🤓

If you’re using Stripe within Xero, the fees have increased as of today. Stripe fees are now 1.8% + 30cents for domestic...
27/01/2026

If you’re using Stripe within Xero, the fees have increased as of today. Stripe fees are now 1.8% + 30cents for domestic transactions (0.1% increase).

If you’re one of our clients and are using stripe within Xero to take credit card payments (and are on charging the fee to your customers), we will update your on-charging fee for you as a courtesy.

If you’re not currently giving your customers the option to pay via card (or via tap to pay in person), and this is something that sounds like it would get you paid faster, then our DMs are open for assistance!

Were you aware of the Xero/Stripe fee increase?

Ever wondered about entertaining the team and the FBT implications that go along with it? Well good news! We’ve got a bl...
23/01/2026

Ever wondered about entertaining the team and the FBT implications that go along with it? Well good news! We’ve got a blog post about that. Check it out on our website.

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Newcastle, NSW
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