Heaney Business Group

28/05/2026

ASIC warning !

Unsolicited ‘business name’ renewals and ‘company review’ notices…

Allegedly impersonating ASIC and (often considered to be) misleading and deceptive conduct!

This has ben happening for DECADES - sole traders, small businesses and small business directors being unwittingly caught paying additional unnecessary fees to third parties.

Council of Small Business Organisations Australia has been advocating on behalf of small business owners for years on this matter.

We’re delighted to see ASIC has now issued a warning to business owners about this conduct.

Small business owners shouldn’t be permitted to be preyed upon by these opportunistic practices.

ASIC link below:-

https://www.asic.gov.au/about-asic/news-centre/news-items/unsolicited-business-name-renewal-and-company-review-notices/

15/05/2026

Over the years, Heaney Business Group has grown significantly thanks to the ongoing support of our amazing clients, referral partners and the wider community.

As a result, we have made the decision to no longer take on new standalone personal tax return clients.

This allows our team to continue focusing on providing a high level of service and proactive advice to our existing clients and to the areas we specialise in — business , SMSFs and not-for-profits that support our community.

We will absolutely continue to look after:
✔ Our long-term existing personal tax clients
✔ Family groups connected to existing clients
✔ Referrals from our trusted referral partners
✔ Clients we already work with in a business, SMSF or advisory capacity

We are incredibly grateful for the trust and support our clients and community continue to show us, and we look forward to continuing to support you all into the future.

– Gemma & The HBG Team!

13/05/2026

The 2026–2027 Federal Budget has been handed down — and there are some significant proposed changes that could impact small business owners, investors and SMSFs.

Key areas include:

• Small business measures and cash flow support
• The permanent $20,000 instant asset write-off
• Proposed trust and CGT reforms
• Negative gearing changes
• Superannuation updates and broader planning impacts
• Personal tax measures and deductions

Some of the proposed changes are substantial and could have long-term implications for business structures, investment strategies and tax planning.

We are currently reviewing the detail and have prepared a summary newsletter outlining the key announcements and what they may mean in practice.

Read our Budget Report here:
https://heaneybusinessgroup.com.au/newsletter/2026-2027-federal-budget-report/

As always, if you are concerned about how any of these changes may affect you, please contact our office to discuss your specific circumstances.

Summary of key tax, housing, investor and business measures from the 2026–27 Federal Budget, plus economic outlook and what it means for you.

05/05/2026

Thanks so much for the shoutout ❤️🤍🖤

We’re incredibly proud to support Kelsey and the whole team — the commitment, leadership and community spirit at the club is something really special.

Wishing you all a fantastic season ahead — we’ll be cheering you on every step of the way! 🐏🔥

20/04/2026

Graham Harvey - Service Leadership is back running his Design Delight Deliver workshop.

You are invited to experience why, for over nineteen years, so many Western Australian businesses continue to choose Design! Deliver! Delight! as their number one go-to service excellence and customer experience staff professional development workshop.

… crafting a culture & mindset of service excellence that delights every customer ... every time!

Perth (Pagoda Resort Como) – Wednesday 6 May 2026 – 08:45am - 1:00pm

Experience the latest in next-level information and learning including …
• What is service design?
• What is a service mindset?
• How do you create a whole-of-organisation culture of service excellence?
• How do you establish and execute your business values … every time, without fail?
• How do you translate your service values into non-negotiable behaviours?
• Why is psychological safety so integral to service excellence?
• What is the true purpose of business?
• Why are your customers really doing business with you?
• What’s the difference between customer service & customer experience?
• How, by understanding the six senses of service, (visual, auditory, olfactory, gustatory, somatosensory, and visceral/emotional) can you design & deliver a truly standout service experience that delights even your most demanding of customers, giving them a ‘reason to return’, and a ‘reason to refer?’
• Why does EVERY touchpoint matter?
• How do you make the all-important shift from ‘commodity and price,’ to ‘experience and value?’
• What does it take to ensure that ‘choice-rich, time-poor’ consumers, when faced with a multitude of options, choose to do business with you, and not your competition?
• Why, in today’s crowded ‘same stuff, same price’ marketplace, is ‘good’ customer service the enemy of ‘great’ customer service?
• What are the essentials in establishing mutually-rewarding business relationships?
• How and why are high-quality front-line relationships the key driver of high-quantity bottom-line results?

The answers to these questions, plus a whole lot more, are revealed at Design! Deliver! Delight! … and it’s on again:

Cost: $360.00 (inc.GST)

SPECIAL OFFER:
enter the HBG100 promotional code and receive a $100 per person savings.

Net price: $260.00 (inc.GST)

8:45 AM Wed 06 May at Pagoda Resort, Como, WA. Design! Deliver! Delight! … crafting a culture and mindset of service excellence that delights every customer ... every time!

15/04/2026

Great night of networking with Rockingham Kwinana Chamber of Commerce, Nissan Rockingham and St Johns Wine. Was fantastic to meet Baldivis Times! They are doing a great job sharing local news.

14/04/2026

Subdividing Property - Here’s What You Need to Know About the Margin Scheme

If you’re developing or subdividing…

- The margin scheme can make a huge difference to your GST position

But it’s also one of the most misunderstood areas we see.

WHAT IS THE MARGIN SCHEME?

Instead of paying GST on the full sale price…

- GST is calculated on the “margin”
(i.e. the difference between what you sell it for and your cost base)

🚨 SOUNDS SIMPLE… BUT IT’S NOT

Because:
- You can’t always use it
- And how you apply it really matters

⚠️ WHERE IT GOES WRONG

We see developers:

Assume they can use it (they can’t)
Apply it incorrectly
Or not realise how it impacts input tax credits and profitability
AND THIS IS THE BIG ONE

Once you subdivide:

- One property becomes multiple GST calculations
- And how you allocate your costs across lots becomes critical

Get that wrong…
- And you can create GST issues even if the overall project looks fine

This isn’t just a tax rule.

It’s a structuring and modelling decision

And it should be considered:
✔ Before you purchase
✔ During feasibility
✔ Before you start selling

FINAL THOUGHT

The margin scheme can save you a lot in GST…

- But only if it’s set up properly from the start

04/04/2026

Offset vs Redraw – What’s the difference and why does it matter?

If you’ve got a rental property loan… this is one of the biggest traps we see clients fall into.

And yep — it can quietly cost you thousands.

🏦 OFFSET ACCOUNT = SMART & FLEXIBLE

Your money sits in a separate account linked to your loan.
• Reduces the interest you’re charged
• Doesn’t change the actual loan
• Take money in and out whenever you like
• ✅ Interest stays fully tax deductible

This is what we like to see.

🔁 REDRAW = WHERE THINGS GET MESSY

Extra repayments go into the loan, not beside it.

When you redraw that money…
you are borrowing again

And this is where people get caught.

🚨THE TAX TRAP (THIS IS THE BIG ONE)

If you:
• Pay extra into your investment loan
• Then redraw it
• And use it for anything personal (car, holiday, renos…)

That portion of your loan is now NOT tax deductible

💡 WHY?

Because the ATO doesn’t care what the loan was originally for…

It cares what the money is used for when you take it out

⚠️ RESULT = MIXED LOAN

Part investment ❌
Part personal ❌

Which means:
• More admin
• Messy records
• Lost deductions

📌 HBG TIP

If it’s an investment loan and you want flexibility:

👉 Offset account = yes
👉 Redraw = be very careful

We see this issue all the time…

If you’re not sure what your loan looks like feel free to contact us.

02/04/2026

Happy Easter 🐣 and have a fantastic long weekend everyone! Thanks so much Kirsten this is just one of the pics you got of some of our team and I am loving them all so far! Kirsten Graham Photography More to share soon!

13/03/2026

📢 Our March Newsletter is now available

Our latest Your Knowledge newsletter is out, covering a range of important updates that may affect you and your business.

In this edition we discuss:

• The increasing number of Director Penalty Notices being issued by the ATO and what it means for company directors
• Key tax and compliance updates business owners should be aware of
• Important considerations for property investors
• SMSF reminders to help trustees stay compliant

📖 Read the full newsletter here:
https://heaneybusinessgroup.com.au/newsletter/your-knowledge-march-2026/

If you have any questions about how these updates apply to you or your business, please reach out to our team.

This month we focus on key developments and practical guidance for business owners, property holders, and SMSF trustees navigating complex...