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Heaney Business Group At HBG we offer Business, Self Managed Superannuation Fund and Not For Profit services. Specialising in Strategic Business Advice and Tax Planning!

Tax reform affects more than just accountants — it affects the businesses and families we work with every day.Today, our...
26/10/2026

Tax reform affects more than just accountants — it affects the businesses and families we work with every day.

Today, our Director, Gemma, had the opportunity to speak with Malavika Santhebennur from Accountants Daily about the proposed changes to Australia's tax system and the real impact these could have on small businesses.

Some of the concerns raised included:

- Increasingly complicated tax rules that make it harder and more expensive for business owners to get advice.
- Proposed changes to family trusts that could have unintended consequences for ordinary Australian families.
- Additional costs and complications when businesses need to restructure.
- The uncertainty created when legislation is rushed through without sufficient consultation.

At HBG, we see firsthand how these decisions affect real businesses, families and their financial futures.

We believe tax reform is important, but it needs to be fair, practical and properly considered.

We're proud to contribute to these conversations and advocate for the small businesses and families we work with every day.

A big thank you to Malavika and Accountants Daily for giving small accounting practices a voice.

We'd also love to hear from other small business owners. Are the proposed tax changes already affecting your business decisions? Have you delayed selling, investing, restructuring or planning for retirement because of uncertainty around the rules? Or are you concerned about the potential costs of complying with the changes? Please share your experiences in the comments or send us a private message. The more we understand about the challenges businesses are facing, the better we can represent those concerns in conversations with policymakers and the accounting profession.

07/10/2026

Your Knowledge – October 2026 is here!

This month we're covering a few interesting tax and super topics that might be worth a closer look.

✈️ Travelling overseas? The ATO is expanding its data-matching of international passenger movements, with travel records potentially being used to help identify tax residency issues.

💰 Could you have lost super? More than $21 billion is currently sitting unclaimed — and checking whether any of it belongs to you is surprisingly simple.

🏡 We also look at recent changes affecting the negative gearing reforms from 1 July 2027, including jointly owned properties and former main residences.

📈 And for our SMSF clients, we look at why your investment strategy shouldn't just be a document that's updated for compliance purposes — particularly as you move closer to retirement.

Grab a coffee and have a read of our latest Your Knowledge update here:

https://heaneybusinessgroup.com.au/newsletter/your-knowledge-october-2026/

As always, if something in the update makes you think “hang on… does that affect me?” — get in touch with the HBG team. 💚

I'm getting through my Oceans to Outback challenge this October for the Flying Doctor and I'm pushing myself to the limi...
02/10/2026

I'm getting through my Oceans to Outback challenge this October for the Flying Doctor and I'm pushing myself to the limit!

I'm determined to ensure our remote, rural and regional communities get access to the finest healthcare.

Please support my challenge today by donating to my fundraising page - https://www.oceanstooutback.org.au/fundraisers/gemmaheaney/oceans-to-outback-2026

Together, with your support, the RFDS can travel further, respond quicker and deliver healthcare to every Aussie, no matter where they live.

01/10/2026

⚠️ Another reason to review your business cash flow and short-term funding

The ATO has announced that credit card payments will no longer be accepted from 30 November.

While we don’t necessarily think funding ATO liabilities on a credit card has always been the best option, this is another change businesses need to factor into their cash flow planning.

Businesses are already adjusting to Payday Super, which has brought super payments forward and increased the frequency of cash leaving the business.

At the same time, ATO general interest charge (GIC) and shortfall interest charge (SIC) incurred from 1 July 2025 are no longer tax deductible — making the real cost of carrying ATO debt even higher.

For businesses that regularly rely on the ATO or credit cards to bridge short-term cash flow gaps, now is a good time to reconsider whether there is a better way to fund working capital.

That might include speaking with your bank or finance adviser about options such as an overdraft, working capital facility or debtor/invoice finance, depending on your circumstances.

The key is to plan before the cash flow pressure hits.

With the changes to super, ATO interest and now payment options, short-term financing should form part of your broader business and cash flow planning — rather than simply defaulting to ATO debt when funds are tight.

💚 If cash flow is becoming increasingly difficult to manage, speak with the HBG team. We can help you look at the numbers, forecast what’s coming and identify where funding pressure is likely to arise.

🏃‍♀️ Well… Gemma has signed herself up for a challenge! 😂This October, Gemma is taking part in Oceans to Outback and has...
23/09/2026

🏃‍♀️ Well… Gemma has signed herself up for a challenge! 😂

This October, Gemma is taking part in Oceans to Outback and has committed to running 87km during the month to raise money for the Royal Flying Doctor Service. ❤️✈️

For someone who has had a bit of a break from running, 87km in one month is definitely going to be a challenge — which we suppose is the whole point! 😂

The RFDS provides vital healthcare and emergency retrieval services to people living in rural, regional and remote Australia, where access to medical care isn't always simple.

Gemma has set herself a fundraising goal of $1,000, so if you'd like to support her — or just enjoy the thought of her regretting this somewhere around kilometre 60 🤣 — any donation, big or small, would be very much appreciated.

👉 Sponsor Gemma's 87km challenge here:
https://www.oceanstooutback.org.au/fundraisers/gemmaheaney

Now she just has to actually run the 87km… 😬🏃‍♀️

Go Gemma! 💚

Your Knowledge – September 2026There’s plenty happening in the tax and business world at the moment, and our latest Your...
21/09/2026

Your Knowledge – September 2026

There’s plenty happening in the tax and business world at the moment, and our latest Your Knowledge update covers some of the key changes and issues worth having on your radar.

This month we look at developments affecting businesses, individuals, trusts and SMSFs — including the Government’s proposed 30% minimum tax on discretionary trusts and what it could mean for family groups if the proposal proceeds.

As always, some of these changes are still developing, but understanding what may be coming gives you the opportunity to plan ahead rather than react later.

Grab a coffee ☕ and have a read of our September update here:

Your Knowledge – September 2026

And if anything raises questions about your own business, trust or SMSF structure, please get in touch with the HBG team.

https://heaneybusinessgroup.com.au/newsletter/your-knowledge-september-2026/

For more than 20 years, the benchmark for tax reform in Australia has been genuine consultation — early input from the p...
18/09/2026

For more than 20 years, the benchmark for tax reform in Australia has been genuine consultation — early input from the profession, testing draft legislation and generally allowing time before a measure is introduced into Parliament.

That process appears to be disappearing.

As The Tax Institute highlighted in TaxVine this week, the Government’s own guidance recommends 30 to 60 days for consultation on complex proposals. Yet recent tax reforms have provided as little as 12 to 17 days, often with several major consultations running at once.

In one particularly concerning example, parts of the recent CGT and negative gearing reforms passed Parliament before the consultation period had even closed.

Why should business owners care?

Rushed tax laws can create unclear rules, unintended consequences and additional compliance costs. Tax professionals need sufficient time to test proposed changes against real business situations and identify problems before they become law.

Consultation should help shape legislation — not simply tick a box after the decisions have already been made.

Credit to The Tax Institute’s Tax Policy and Advocacy team for continuing to raise this important issue.

Great day this week at the CPA Australia Public Practice Forum, joining the panel for The Future of Public Practice – Wh...
17/09/2026

Great day this week at the CPA Australia Public Practice Forum, joining the panel for The Future of Public Practice – What’s Coming and What Matters.

We had a really interesting discussion about some of the things having the biggest impact on accounting practices right now — AI and automation, recruiting and retaining good people, offshoring, AML and how the role of accountants is continuing to change.

I loved being able to share some of what we’re doing at HBG, but also hear how other firms are approaching the same challenges.

One thing I’m more convinced of than ever is that the future of public practice isn’t about technology replacing accountants. It’s about using technology to remove more of the repetitive work and create capacity for our people to spend more time advising and helping clients.

A big thank you to CPA Australia for having me, Petris Lapis for facilitating, and my fellow panellists Gavan Ord and Melvyn Gilbert for a great discussion.

Plus our Gillian MacKenzie won a monitor - Thanks Officeworks!

Address

Unit 7/12 Belgravia Terrace
Rockingham, WA
6168

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Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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+61895941963

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