Business Tips, Ideas & Support Articles

crypto-tax-australia-guide-2025
Tax

Dabbled in Crypto? You Might Have a Tax Bill

If you bought, sold, staked, swapped, or even just tested cryptocurrency in the past year, you may have crypto tax obligations in Australia that you did not realise. The ATO is paying close attention to crypto activity – and even one or two trades could result in a capital gains tax (CGT) event. Whether you are a casual investor or deeply involved in DeFi, it is crucial to understand how crypto tax in Australia works before lodging your return. Does the ATO Know About My Crypto? If you bought, sold, staked, swapped, or even just tested cryptocurrency in the past year,

profitable but cash poor
Advisory

Profitable but Cash Poor: How It Happens and What to Do About It

Feeling profitable but cash poor is one of the most common (and stressful) financial challenges business owners face.Your numbers say the business is doing well but your bank account tells a different story. If this sounds familiar, you’re not alone. Many profitable businesses still struggle with cash flow, especially during periods of growth or transition. In this article, we’ll explain what profitable but cash poor really means, why it happens, and what you can do to fix it – without sacrificing momentum. What Does “Profitable but Cash Poor” Mean? Being profitable but cash poor means your business is generating income (on

Choosing a Bookkeeper
Accounting

Confessions of an Accountant: What We Secretly Love (and Hate) About the Job

Welcome to the confessions of an accountant – yes, accountants have secrets, too! When most people think of accountants, they picture spreadsheets, tax returns, and calculators. But the truth is, behind the numbers, we’re humans with plenty of quirks and stories to tell. At Inline Partners, we’re sharing our confessions of an accountant because we believe accounting shouldn’t feel dry or boring. So here’s what we secretly love (and hate) about working in the world of accounting. ✅ Things We Secretly Love   A Beautifully Reconciled Bank Feed One of our true joys is seeing every transaction perfectly matched and cleared.

Choosing a Bookkeeper
Bookkeeping

Top Tips for Choosing a Bookkeeper – And Why Cheap Bookkeeping Can Cost You More

Choosing a bookkeeper is one of the most important decisions for any business owner. While it’s tempting to cut costs, cheap bookkeeping can quickly turn into expensive mistakes that hurt your business in the long run. Cutting corners with your books can lead to ATO penalties, tax surprises, poor cash flow decisions, and sleepless nights worrying about your business’s financial health. Whether you’re a business owner in Sydney or anywhere else, choosing the right bookkeeper is crucial. Here’s how to get it right. Why “Cheap” Isn’t Always Best When Choosing a Bookkeeper Many small business owners try to save money by:

Business Budget for FY26
Budgeting

How to Budget for FY26: Business Budgeting Tips for Australian Businesses

Happy New Financial Year, Australia! As we step into FY26, many business owners are thinking about how to create a business budget for FY26 that’s practical and helps guide decisions all year long. But here’s a truth we see every day: Many businesses don’t bother creating a budget at all – and those who do, often never look at it again. They see budgeting as a once-a-year task, then file it away and keep running the business on gut feel. But the real power of a business budget for FY26 isn’t just in creating it. It’s in using it constantly as

tax deductions in Australia 2025
Tax

Tax Deductions Australia 2025: What Can You Claim This Tax Time?

Tax deductions in Australia for 2025 are one of the biggest topics as tax time approaches. Every year, individuals and business owners ask: What tax deductions can I claim this year? To help you navigate the latest ATO rules, we’ve created this complete (and quite detailed) guide for both individuals and business owners. Use the table of contents below to jump to the sections most relevant to you: Table of Contents 1. Tax Deductions in Australia 2025 Overview When tax time arrives, one question always comes up: “What can I claim?” Claiming eligible tax deductions helps lower your taxable income – meaning you

Division 7A explained
Accounting

What is Division 7A and How Does it Affect Your Tax?

If you’re a business owner operating through a company structure, understanding Division 7A of the Income Tax Assessment Act is critical. Why? Because using company funds for personal use (even accidentally) can trigger significant tax consequences and undermine your ability to scale. In this post, we’ll break down what Division 7A is, why it matters, and what you can do to stay compliant, avoid huge unexpected tax bills and protect your business’s future. What is Division 7A? Division 7A is a tax law designed to prevent private companies from making tax-free distributions of profits to shareholders (or their associates). If a

How to Increase Business Revenue
Business

How to Increase Business Revenue: Break Down the Right Formula for Your Business

When business owners say they want to grow, they usually want to know how to increase business revenue. And fair enough…it’s the headline number everyone pays attention to. But here’s where most go wrong: they treat revenue like a goal, when it’s really a result. You can’t improve revenue by staring at your sales report. You improve it by breaking it down and working the inputs that drive it. The revenue formula gives you clarity on what actually drives growth in your business. Once you know the levers to pull, you can stop guessing and start making smarter decisions. Below, we’ll

super tax on balances over $3 million
Superannuation

Proposed Super Tax Explained: 15% Tax on Balances Over $3 Million (Including Unrealised Gains)

Super Tax on Balances Over $3 Million: What You Need to Know A new super tax on balances over $3 million is in the spotlight — and it’s not just a concern for the ultra-wealthy. This proposal could change how we manage and protect long-term investments. What’s Happening? The Federal Government has introduced draft legislation to apply a 15% tax on super earnings over $3 million. What makes this unusual is that it includes unrealised gains – growth on assets you haven’t sold yet. If passed, the change would take effect from 1 July 2025, with the first tax assessments happening

Division 7A explained
Accounting

Think the ATO Won’t Notice? Here’s the Hidden Cost of Compliance Slip-Ups

Let’s be honest – keeping up with compliance isn’t exactly the most exciting part of running a business. But ignoring it? That’s where the hidden cost of ATO compliance really kicks in – and it can hurt more than you realise. But it is one of the most important. And when it falls off the priority list? That’s where the real trouble starts. At Inline Partners, we’ve worked with hundreds of businesses navigating the ups and downs of growth – and this is something we see far too often: Superannuation isn’t paid on time (or sometimes not paid at all) Clients