Beanstalk Accountants

Beanstalk Accountants A New Breed of Tech Savvy GenY Accountants & Business Advisors We specialise in cloud accounting and tax for small businesses and individuals.

We are focused on the next wave of entrepreneurs, other tech savvy genY’s like us, who are not sitting around waiting for their predecessors to get old and sell down their businesses to them but those that are going out and making things happen now, causing the shakeup in their industries, forcing their competition to think twice and take notice of the changes going on around them. We practice what we preach and are proud to be 100% cloud.

Don't fall for the July Tax Trap! 🛑✋It is officially July 2026, which means Tax Time is open. But if you jump onto your ...
20/07/2026

Don't fall for the July Tax Trap! 🛑✋

It is officially July 2026, which means Tax Time is open. But if you jump onto your MyGov account today and press submit, you are highly likely to delay your refund.

Banks, employers, and private health funds have until late July to upload your data. If you lodge today with missing details, the ATO will flag your return for an audit or amendment, dragging out your processing time for weeks.

Let the systems update first. Use this month to track down physical receipts instead!

Work smarter, not harder!

An extra $268 per year is coming your way this financial year—and you don’t have to lift a finger. 💸👇As of July 1, 2026,...
17/07/2026

An extra $268 per year is coming your way this financial year—and you don’t have to lift a finger. 💸👇

As of July 1, 2026, the lowest marginal tax bracket has officially dropped from 16% down to 15% (for income between $18,201 and $45,000).

If you earn over $45,000, this change means less tax withheld and more cash landing directly in your bank account each pay cycle. 🥳

The fine print:
✔️ Employees: Your employer's payroll system should automatically adjust your tax withholding charts starting today. Keep an eye on your next payslip to verify the change!
✔️ Employers: Ensure your payroll software is updated to the latest ATO tax tables to avoid under-withholding penalties.

Want to verify your tax structure or ensure your business payroll is fully compliant for FY27? Let's connect.

The countdown is officially over. 🚨Payday Super officially went live from 1 July 2026. If you haven't started adjusting ...
15/07/2026

The countdown is officially over. 🚨

Payday Super officially went live from 1 July 2026. If you haven't started adjusting your business cash flow strategy yet, now is the time to get your ducks in a row to handle the upcoming cash flow crunch.

Under the new rules, super must be paid every payday, with employees' super funds required to receive the payment within 7 days of wages being paid.

Because clearing houses and super funds take time to process transactions, you'll realistically need to initiate super payments within 2–3 days of paying wages to ensure the cash arrives on time.

A 20-day window will apply for onboarding new employees, employees switching super funds, and out of cycle payments such super linked to performance bonuses.

If you're unsure what these changes mean for your business, contact us today. We'll help you get your payroll and cash flow processes ready before the deadline.

Has your business outgrown its PAYG withholding cycle?From 1 July 2026, the ATO may have automatically moved your busine...
13/07/2026

Has your business outgrown its PAYG withholding cycle?

From 1 July 2026, the ATO may have automatically moved your business to a more frequent PAYG withholding payment cycle based on your annual withholding.

📅 Small withholders, those with less than $25,000 per year in PAYGW, only need to pay quarterly.

⚡ Medium withholders, those with more than $25,000 per year in PAYGW will need to pay monthly instead of quarterly.

If you're unsure whether your obligations have changed or your payroll software is set up correctly, we can help.

As registered Tax and BAS Agents, we'll review your withholding status, check your payroll setup, and help keep your business compliant.

📞 Contact us today for a PAYG withholding review.

STP Finalisation Deadline: 14 July 🚨Attention Australian employers! If you're using Single Touch Payroll (STP), don't fo...
10/07/2026

STP Finalisation Deadline: 14 July 🚨

Attention Australian employers! If you're using Single Touch Payroll (STP), don't forget to finalise your payroll information by 14 July.

Finalising your STP ensures your employees' income statements are marked as Tax Ready, allowing them to lodge their tax returns without unnecessary delays.

Don't leave it until the last minute! If you need assistance with your STP finalisation or have any payroll questions, we're here to help.

📞 Get in touch with us today and meet the deadline with confidence.

The final countdown is on! ⏳ Before the end of the financial year, run through this quick-fire checklist to ensure you a...
28/06/2026

The final countdown is on! ⏳

Before the end of the financial year, run through this quick-fire checklist to ensure you aren't leaving money on the table—or paying more tax than you should:

📉 Bad Debts: Write off any unrecoverable invoices in your accounting software (like Xero) right now. Don't pay tax on income you are never going to receive.

📦 Inventory: Plan your physical stocktake for June 30. If your inventory has dropped in value, is damaged, or is obsolete, write it down to claim the deduction.

🎁 Donations: Thinking of supporting a cause? Any donations made to a Registered Deductible Gift Recipient (DGR) before tomorrow night can be claimed on this year's return.

📸 Receipts: Last call! Snap photos of any final receipts floating around your car, wallet, or inbox and upload them to your accounting portal before they fade.

Deep breaths! Running through these steps will put your business in the absolute best financial position possible for tax time. 💼✨

🚀 Need help maximizing your EOFY deductions?
We’re here to take the stress out of tax season. Book a consultation to lock in your tax prep session with our team!

⏳ Trustees: The ATO Has Upgraded. Is Your June 30 Strategy Ready? 🏢If you operate through a discretionary (Family) trust...
23/06/2026

⏳ Trustees: The ATO Has Upgraded. Is Your June 30 Strategy Ready? 🏢

If you operate through a discretionary (Family) trust, the rules for Tax Time 2026 just got a major tech upgrade. Here is what you need to know:

🔴 The Hard Deadline: Trustees must execute and sign their Trust Distribution Resolutions on or before 30 June. Miss this midnight cutoff, and unallocated trust profits can be slammed with the highest marginal tax rate of 47%!

⚡ The ATO Tech Upgrade: Trust distribution data will now automatically pre-fill into individual beneficiary tax returns once the trust return is lodged. This cuts down on errors, but it means the ATO's eyes on your transparency are sharper than ever.

Your Immediate Action Plan:
1. Reconcile your books immediately.
2. Ensure all beneficiaries have provided their TFNs.
3. Lock in your distribution strategy before the clock runs out.

🚀 Don't leave your trust distribution to chance.

Our team is currently finalizing compliant strategies to legally protect your wealth. Contact us today to secure your session before June 30! 📉💼

Client Spotlight!!If you’ve been waiting for the right moment to upgrade your property in Sydney’s Eastern Suburbs, the ...
18/06/2026

Client Spotlight!!

If you’ve been waiting for the right moment to upgrade your property in Sydney’s Eastern Suburbs, the data is signaling that the time to plan is now. 📉🏙️

In Marked Buyers Agency’s latest article, "The window to upgrade in Sydney’s East is opening. Here’s why…", He look past the media noise and dive into the concrete shifts shaping the current market.

👉 Click the link to read the full article: https://www.markedbuyersagency.com.au/insights/window-to-upgrade

Moving up in a premium market takes more than luck, it takes legal, local expertise. If you want a seamless buying experience, access to exclusive off-market listings, and an advocate who puts your interests first, contact the details below.

Mark Timmins
Licensed Buyer’s Agent
+61 (0)414 586 817
[email protected]
markedbuyersagency.com.au

Mid-June is here, and compliance doesn't pause for tax planning! Here are two critical dates coming up fast:📅 21 June: M...
14/06/2026

Mid-June is here, and compliance doesn't pause for tax planning!

Here are two critical dates coming up fast:

📅 21 June: May Monthly Business Activity Statement (BAS) / Installment Activity Statement (IAS) due.

📅 25 June: FBT (Fringe Benefits Tax) Annual Return

📩 Need help meeting your tax deadlines? Get your records organised now and our team is here to assist.

Address

223/111 Harrington Street
The Rocks, NSW
2000

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 4pm

Website

Alerts

Be the first to know and let us send you an email when Beanstalk Accountants 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 Beanstalk Accountants:

Shortcuts

Share

Category