Growth IQ

We are specialised providers of Accounting, Bookkeeping and Business Advisory services. We provide tailored financial solutions and strategic business advice.

17/06/2026

EOFY is approaching. Has your clinic reviewed its financial position yet?

There are still important areas worth reviewing before 30 June, including:

💉 Equipment and devices
💻 Software and clinic systems
🎓 Training and certifications
🛋️ Fit-out and client experience costs
👥 Payroll and contractor compliance

EOFY is an opportunity to review how the clinic is operating, whether systems are keeping up with growth, and whether there is clear visibility over cash flow and profitability heading into the new financial year.

If you would like support reviewing your position, feel free to get in touch with the Growth iQ team.

16/06/2026

🏋️ EOFY is a good opportunity to understand how your gym or fitness studio is performing.

Before 30 June, it’s worth reviewing areas such as:

💠 Equipment & training gear
💠 Software & membership systems
💠 Training & certifications
💠 Travel between work locations
💠 Payroll & contractor arrangements

For growing fitness businesses, reviewing systems, contractor arrangements, super obligations, and equipment spending before EOFY can still make a significant difference heading into FY26–27.

11/06/2026

June can feel pretty overwhelming for builders and trade business owners when the paperwork starts piling up before EOFY.

Invoices need to be reconciled, payroll and super need checking, subcontractor records need reviewing, and bookkeeping is often still catching up.

Before 30 June, it’s worth reviewing things like:

💠 Equipment and vehicle purchases
💠 Stocktake and inventory
💠 Subcontractor payments
💠 Super and payroll obligations
💠 Cash flow and project profitability
💠 Outstanding invoices and bookkeeping

EOFY is a good time to check where the business stands and make sure your systems and reporting are set up properly for the new financial year.

At Growth iQ, we help builders and trade business owners stay on top of their numbers with practical advice and ongoing support throughout the year.

09/06/2026

There is still time to review operational and financial areas that may still influence your year-end position.

While major strategic changes are ideally made earlier in the year, there remain important areas worth reviewing before 30 June.

💠 Asset purchases
Eligible businesses may still access the instant asset write-off if assets are installed and ready for use before EOFY.

💠 Prepaid expenses
Expenses such as insurance, subscriptions, rent, and professional fees may be deductible when structured correctly.

💠 Super contributions
To claim a deduction this financial year, contributions must be received by the fund before 30 June, not simply processed.

💠 Bad debts and obsolete stock
Outstanding receivables and slow-moving inventory can distort profitability and affect the accuracy of year-end reporting.

💠 Trust distributions and owner remuneration
If you operate through a trust or company structure, distributions and drawings should be reviewed before year-end decisions are finalised.

💠 Payroll and Payday Super readiness
From 1 July 2026, Payday Super begins. Businesses should already be reviewing payroll timing, systems, and cash flow capacity.

EOFY is an opportunity to understand where your business stands, tighten key areas, and make informed decisions going into the next financial year.

03/06/2026

𝗝𝘂𝗻𝗲 𝗔𝗧𝗢 𝗱𝗲𝗮𝗱𝗹𝗶𝗻𝗲𝘀 📆
June is a big one with EOFY approaching. Here are the key dates to keep on your radar 👇

📅 5 June
• Tax returns due for individuals, trusts, companies and super funds originally due 15 May (conditions apply).

📅 21 June
• Lodge & pay the May 2026 BAS/IAS (monthly reporters).

📅 25 June
• Fringe Benefits Tax annual return — lodge & pay if lodging electronically via a tax agent.

📅 30 June
• Super Guarantee contributions must be paid to claim a tax deduction for 2025–26.
• If you receive Child Care Subsidy or Family Tax Benefit, your 2024–25 tax return must be lodged by this date.

✅ Save this post and set reminders so EOFY doesn’t catch you off guard.

𝘕𝘰𝘵𝘦: 𝘠𝘰𝘶 𝘮𝘢𝘺 𝘣𝘦 𝘦𝘭𝘪𝘨𝘪𝘣𝘭𝘦 𝘧𝘰𝘳 𝘦𝘹𝘵𝘦𝘯𝘥𝘦𝘥 𝘭𝘰𝘥𝘨𝘮𝘦𝘯𝘵 𝘥𝘢𝘵𝘦𝘴 𝘸𝘩𝘦𝘯 𝘭𝘰𝘥𝘨𝘪𝘯𝘨 𝘷𝘪𝘢 𝘢 𝘳𝘦𝘨𝘪𝘴𝘵𝘦𝘳𝘦𝘥 𝘵𝘢𝘹 𝘰𝘳 𝘉𝘈𝘚 𝘢𝘨𝘦𝘯𝘵, 𝘴𝘶𝘤𝘩 𝘢𝘴 𝘎𝘳𝘰𝘸𝘵𝘩 𝘪𝘘. 𝘊𝘰𝘯𝘵𝘢𝘤𝘵 𝘶𝘴 𝘵𝘰 𝘧𝘪𝘯𝘥 𝘰𝘶𝘵 𝘮𝘰𝘳𝘦.

01/06/2026

Received an ATO letter about your PAYG cycle changing?

There’s no need for concern. In most cases, it simply means your business has grown and moved into a higher PAYG withholding category 📈

As your wage bill increases, the ATO may require you to pay PAYG withholding more frequently.

What this means in practice:

💠 Less time holding cash
💠 More frequent payments tied to payroll
💠 A greater need for accurate payroll systems

It’s a positive sign of growth, but it also means your cash flow and systems need to keep up.

If you’ve received a notice and aren’t sure what it means for your business, it’s worth taking a closer look.

If you’d like to talk it through, feel free to get in touch.

📧 [email protected]
📲 (08) 8126 4100

28/05/2026

Using a discretionary trust for your business?

From 1 July 2028, discretionary trusts will face a minimum 30% tax rate on distributed trust income.

For businesses operating through trust structures, this could affect:

💠 How profits are distributed
💠 How much tax is paid
💠 How much cash stays in the business

Discretionary trusts have traditionally offered flexibility for business owners, particularly around tax planning, asset protection, and family business structures.

As these changes approach, now is a good time to review whether your current structure still supports your long-term plans.

👉 Swipe through the carousel to understand the proposed changes and what they could mean for your business.

If you would like to discuss your position, feel free to get in touch.

📞 (08) 8126 4100
📧 [email protected]

26/05/2026

Your EOFY outcome is largely set.
But do you understand your position?

At this stage of the year, a review brings clarity on where you stand and whether everything is working as it should.

Having a professional go over your position can help you:

💠 Confirm you’re not paying more tax than necessary
💠 Identify any remaining opportunities before 30 June
💠 Ensure your structure still supports your business and personal goals
💠 Avoid surprises when it’s time to lodge
💠 Gain clarity on cash flow and upcoming obligations

If your position hasn’t been properly reviewed, a thorough review can make a meaningful difference — both now and heading into the next financial year.

At Growth iQ, we review your position across your business, investments, and structures to ensure everything is aligned and working together.

📞 (08) 8126 4100
🌐 growthiq.com.au

21/05/2026

Super contributions will be calculated on Qualifying Earnings instead of OTE from 1 July 2026.

Here’s what that means for your business.

Qualifying Earnings (QE) is broader than Ordinary Time Earnings (OTE).

💠 More types of payments may attract super, particularly commissions and salary sacrifice amounts
💠 Payroll systems will need to correctly classify and track these payments
💠 You will need to report both QE and super liability through Single Touch Payroll (STP)

For many businesses, this won’t significantly change the total super paid.

But it will change how payroll is set up, monitored, and reported.

This is where errors can happen if systems aren’t reviewed early.

At Growth iQ, we help businesses assess their payroll setup, identify risks, and prepare for Payday Super before these changes take effect.

19/05/2026

Busy but not seeing the profit you expected? 💲😧

This is a common position for growing businesses. Revenue is strong, the pipeline is full, and the team is consistently working, yet the financial outcome doesn’t reflect the level of activity.

In most cases, this comes back to the margin.

Profit rarely disappears in one obvious place. It tends to slip across multiple areas of the business, often unnoticed, while the focus stays on keeping work moving.

Swipe through the carousel to see:
• Why a full pipeline doesn’t always translate into profit
• Where margin is typically lost across jobs, pricing, and delivery
• What to review in your own numbers to identify the gaps

If your business feels productive but the results are not aligning, it is worth taking a closer look at what that work is actually returning.

📘 For a deeper breakdown, read: ”Profit Leak: Why Your Business Is Busy but Not Making Money” ➡️ https://buff.ly/B3abQMk

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Adelaide, SA
5062

Telephone

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Website

http://growthiq.com.au/

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