Business Tips, Ideas & Support Articles

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

Inline Partners May 22, 2025
Graphic showing the hidden cost of ATO compliance
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

Inline Partners May 13, 2025
When business and family mix
Advisory

When Business and Family Mix: How to Protect Both

Family business protection is something many family-owned businesses overlook…until it’s too late. Running a family business doesn’t just affect your bottom line; it impacts your family’s future, too. Every decision you make ripples through both your business and your personal life. It’s not just your career on the line – it’s your family’s livelihood, security, and future tied up in every decision you make. The wins feel bigger. The risks feel heavier. And the line between “business” and “personal” often feels blurry (if not invisible). At Inline Partners, we’ve worked with hundreds of family-owned businesses over the years, and one thing’s

Inline Partners May 6, 2025
Graphic showing the hidden cost of ATO compliance
Bookkeeping

The Top 15 Ways to Make Bookkeeping Easier (and Free Up Your Time)

Bookkeeping doesn’t have to be hard. If you’re looking for ways to make bookkeeping easier, you’re not alone. With the right systems and habits in place, you can free up your time and gain control of your business finances. It doesn’t have to be messy, confusing, or a last-minute scramble at BAS time either. If you put the right systems and habits in place now, you can make bookkeeping easier – giving you more time to focus on growing your business (and less time stressing about receipts). Here are 15 practical ways to streamline your bookkeeping, make your bookkeeping easier and

Lauren Evans April 29, 2025
Trust Distribition Resolution Australia
Advisory

Trust Distribution Resolutions: Why They Matter (and What Happens If You Miss the 30 June Deadline)

As we approach the end of the financial year in Australia, one task stands out for anyone using a trust structure: signing your Trust Distribution Resolution. This document determines how income is allocated from the trust – and if it’s not signed by 30 June, the ATO can tax the entire profit at the top marginal rate (up to 47%).   That’s a steep penalty for missing paperwork. Here’s what you need to know to stay compliant and protect your tax position. What Is a Trust Distribution Resolution in Australia?   A trust distribution resolution is a legal document that outlines

Inline Partners April 22, 2025
Advisory

Why Every Business Needs a Forecast (Yes, Even Yours)

Running a business without a forecast is like driving with your eyes closed – you might stay on the road for a while, but it’s only a matter of time before you hit something. Most business owners don’t mean to fly blind. They’re just busy keeping things afloat. But a simple forecast can change everything—from your stress levels to your bottom line. Here’s why now is the perfect time to build one – and how to get started without overcomplicating it. What is a Forecast? A forecast is simply a financial prediction of what’s ahead – usually for the next 3,

Lauren Evans April 15, 2025
Accountant help you plan for the future
Accounting

Why Your Business Structure Still Matters (Even if You Set It Up Years Ago)

When you first started your business, you probably picked a structure based on what was quickest, cheapest, or what your accountant suggested at the time. But here’s the thing…What made sense then might not be serving you now. As your business grows, your structure can either save you thousands or hold you back. And yet, many business owners never review it again – until there’s a problem. So, let’s break it down… What is a Business Structure (and Why Should You Care)? Your business structure is basically how your business is legally and financially set up. Common structures in Australia include:

Lauren Evans April 8, 2025
Business

What the 2025–26 Federal Budget Means for You

The 2025–26 Federal Budget has landed, and while the headlines focus on cost-of-living relief, there’s plenty in it for business owners to pay attention to. From tax incentives and compliance crackdowns to employment law changes, this year’s budget includes updates that will affect your cash flow, your systems, and even your employment contracts. Here’s a breakdown of the most relevant updates – and what they mean for you. 1. Tax Cuts = More Disposable Income   From 1 July 2026, the personal tax rate for incomes between $18,201–$45,000 will reduce from 16% to 15%, and drop again to 14% in July

Lauren Evans April 1, 2025
Accounting

EOFY is Coming – 9 Quick Actions to Get Ready

The end of the financial year (EOFY) can feel overwhelming, but getting prepared now will save you stress (and money) later. Here are nine simple things you can do right now to get ahead before June 30. 1. Pay Super Early to Claim the Deduction Superannuation is only tax-deductible when it’s paid on time. If you want to claim a deduction this financial year, make sure your June quarter super is paid before June 30—otherwise, it won’t count until next year. 2 Chase Up Outstanding Invoices Got unpaid invoices? Now’s the time to follow up on overdue accounts so you’re not

Lauren Evans March 25, 2025
Business

Celebrating 70 Years of Abletts Transport: A Legacy of Excellence

At Inline Partners, we take great pride in supporting businesses that exemplify resilience, commitment, and excellence. This month, we are thrilled to celebrate a major milestone for one of our long-standing clients, Abletts Transport, as they mark 70 years in business! Our Partners, David Mah Chut and Christy Lim, recently attended Abletts Transport’s 70th anniversary celebration, recognising not only their incredible journey but also our own 23-year partnership in providing financial services to support their continued success. A Family Business Built on Trust and Quality Founded as a family-owned and operated business, Abletts Transport has grown into a highly respected leader

Lauren Evans March 3, 2025

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