Hart Accountants

Hart Accountants Financial clarity for you and your business Financial clarity for you and your business. Keeping up to date with current changes and strategies is vital.

We are Newcastle based Accountants, focused on helping you achieve better results. Qualified accountants and highly trained administration staff focussed on delivering superior advice and accounting services for small to medium businesses. Experience and training ensures Michael Hart and the team have the experience to help you in the following areas:


• Self managed superannuation funds.
• Struc

turing your assets for protection and wealth building.
• Strategic advice.
• Improving cashflow.
• Business advice...including improving the performance of your business.
• Accounting and Tax. Out of date knowledge means out of date results. Michael is particularly skilled at looking at the big picture and being able to tie it all together to get the best results. He has many years of experience assisting businesses to take up all of the opportunities that are available to them. And the best thing is the information and reports will come in an easy to understand format that is useful to you. Michael uses a unique 5 step approach:-
1. Understanding your business and unique circumstances
2. Structure - making sure this is correct is vital to getting the best results
2. Providing up to date information that is easy to understand
4. Actively searching for idea's to save you tax and improve your business’s performance
5. Running the numbers to help you decide which option is for best you

Payday Super from 1 July 2026 – here’s what you need to know
01/05/2026

Payday Super from 1 July 2026 – here’s what you need to know

Payday Super from 1 July 2026 – here’s what you need to know ⬇
01/05/2026

Payday Super from 1 July 2026 – here’s what you need to know ⬇

If communication isn’t your superpower yet — this book will change that.How to Talk to Anyone by Leil Lowndes breaks dow...
11/12/2025

If communication isn’t your superpower yet — this book will change that.

How to Talk to Anyone by Leil Lowndes breaks down the art of connection into simple, practical techniques you can use every day — from first impressions to meaningful conversations.

Perfect for anyone wanting to build confidence, strengthen relationships, or elevate their professional presence.

Have you read this one? What’s your go-to conversation starter? 👇

The Federal Government has announced an extension of the $20,000 instant asset write-off until 30 June 2026, offering co...
08/12/2025

The Federal Government has announced an extension of the $20,000 instant asset write-off until 30 June 2026, offering continued tax relief for small businesses that was previously to cease on 30 June 2025.

This extension allows small business quicker access to tax benefits compared with having to write off the assets over their useful life, or at 15% in the first year and 30% thereafter which was the alternative.

View our most recent email article to find out how beneficial it can be for your business - https://conta.cc/4pz51iD

As the festive season approaches, our team will be taking a well-deserved break to recharge for the year ahead.Our offic...
05/12/2025

As the festive season approaches, our team will be taking a well-deserved break to recharge for the year ahead.

Our office will close from 1pm on Friday, 19 December 2025 and reopen on Monday, 5 January 2026 at 8.30am.

We’d like to extend our heartfelt thanks to all our clients and partners for their continued support throughout the year. Wishing you a Merry Christmas and a Happy New Year filled with joy, rest, and success 🎄

Our team is putting down the calculators and picking up the mo-growing tools this month—all for a good cause.We’re proud...
17/11/2025

Our team is putting down the calculators and picking up the mo-growing tools this month—all for a good cause.

We’re proudly taking part in Movember to spark conversations and raise funds for men’s health, from mental health to cancer research.

If you spot some questionable moustaches around the office… it’s all for a great purpose!
Stay tuned for updates and progress pics as our mo’s (hopefully) flourish. 👨‍🦰

Donate or learn more: https://movember.com/t/hart-accountants?mc=1

We are wanting to bring your attention to significant upcoming changes that will affect how all businesses manage their ...
11/11/2025

We are wanting to bring your attention to significant upcoming changes that will affect how all businesses manage their superannuation contributions for employees.

Two major reforms are being introduced:
• The move to a pay-on-payday superannuation framework (known as “Payday Super”) which will take effect from 1 July 2026.
• The closure of the ATO Small Business Superannuation Clearing House (SBSCH), which will be decommissioned on the same date.

From 1 July 2026, employers will be required to pay employees’ superannuation at the same time as wages, rather than quarterly. Contributions must reach the super fund within 7 business days after each payday (that payday can be weekly, fortnightly or monthly).

The ATO are doing this with a view to improving retirement outcomes for employees and reducing the risk of unpaid or late super by employers. However, it also means businesses will no longer be able to hold super obligations until the end of quarter. Instead, super will need to be funded on each pay cycle. This will bring forward the costs to an earlier timeframe which can be a cashflow burden for business, requiring more frequent outflows and closer monitoring of working capital.

The SBSCH will be closed with final contributions due by 30 June 2026.

To be ready ahead of the 2026 start date, we highly suggest you prepare by:
• Reviewing your payroll cycle and understand the cash-flow impact of more frequent super payments.
• Confirm your payroll software or provider can handle payday super.
• If your software does not handle automatic super payments, investigate alternatives to the SBSCH, such as fund clearing houses or commercial solutions.
• Update internal processes and ensure staff responsible for payroll are aware of the shorter timeframes.

If you would like support reviewing your payroll systems, cash flow management or contribution processes please don’t hesitate to reach out to our team!

Are you taking a pension from Super? If you are then you need to be aware of the importance of withdrawing sufficient t...
29/10/2025

Are you taking a pension from Super? If you are then you need to be aware of the importance of withdrawing sufficient to ensure your fund remains in a tax free pension phase.

When you start a superannuation pension (also known as an account-based pension), the ATO requires you to withdraw a minimum percentage of your balance each financial year. This minimum amount is based on your age and the balance of your pension account.

Why does it matter?
If you don't meet your minimum pension drawdown:
- Your pension account may lose it's tax-free earnings status
- You could run into compliance issues with the ATO
- It may impact your retirement income planning

What you should do:
- Review your pension payments regularly
- Check your withdrawals are on track prior to 30 June each year
- Get advice if you're unsure about the minimums or how they apply to your situation

At the end of the day, keeping on top of your minimum pension drawdowns is not just a compliance requirement — it’s a way to protect the tax benefits of your retirement savings.

If you’d like help reviewing your pension or working out your minimum drawdown amount, our team can guide you.

Client shout-out time! We love hearing feedback like this.At Hart Accountants, we’re not your typical accountants — we k...
21/10/2025

Client shout-out time!

We love hearing feedback like this.

At Hart Accountants, we’re not your typical accountants — we keep things simple, approachable, and always focused on helping you reach your goals.

No stress, no jargon, just support that makes sense.

Ready for an accountant who feels like part of your team? Let’s talk!

Big celebrations are in order! 🎉Michael, recently got married in stunning Bali! The team couldn’t be happier (and maybe ...
16/10/2025

Big celebrations are in order! 🎉

Michael, recently got married in stunning Bali!

The team couldn’t be happier (and maybe just a little jealous of those beach views). Here’s to love, laughter, and happily ever afters — even accountants love a good love story! 💕

Address

Level 1, 196 Union Street
Newcastle, NSW
2291

Opening Hours

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

Telephone

02 4940 9400

Website

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