Sharp Accounting

17/06/2026

A growing business can still feel tight on cash.

You might have work booked in, invoices sent and profit showing on paper, but still feel pressure when wages, BAS, super, supplier bills or loan repayments all land close together.

This is where forecasting helps.

A cash flow forecast gives you a clearer picture of what is coming, not just what is sitting in the bank today.

It helps you plan for tax, equipment purchases, hiring decisions, quieter periods and growth opportunities before they become stressful.

If your business is growing but cash still feels tight, it may be time to look forward, not just look back.

16/06/2026

If you use the ATO app to manage your super, there is a new verification step you need to know about.

From May 2026, some super transfer or consolidation requests now need to be verified through the ATO app before they can proceed.

The change is designed to help protect super from fraud, but it also means you need access to your registered device before you start a transfer.

The biggest warning sign?

If you receive a super transfer verification request you did not initiate, do not approve it. Lock your account through the ATO app and contact the ATO directly.

Julian has explained what changed, who it affects, and what to check before your next super transfer.

Read the full article here:

The ATO introduced super transfer verification in May 2026. Here is what changed, who it affects and how to protect your super from fraud.

10/06/2026

We often get asked about SMSFs, mostly to find out how they work and if they might be the right choice.

The honest answer is that it depends on your balance, your goals, your appetite for being involved in decisions, and whether the fixed costs make sense at your stage of life.

SMSFs involve real responsibility. There are compliance obligations, investment decisions and ongoing administration. When done well and with the right advice, the structure can deliver genuine advantages. Done without proper guidance, it creates problems.

We've put together a free SMSF Suitability Checklist to help you work out where you stand before you make any decisions.

You can download the checklist here: https://bit.ly/4aDeX5

09/06/2026

If your business runs through a trust, the proposed changes from 1 July 2028 are worth paying attention to.

The detail is still being worked through, so now is not the time for rushed structural changes.

It is the time to understand whether your business may be affected and be ready to review your options properly once the legislation is clearer.

Trust structures have been useful for many businesses, but they need to be managed with proper advice, especially when the rules shift.

03/06/2026

Your super balance grows every year.

So do the fees you're paying on it.

Most industry funds charge a percentage of your balance. That means the more you've saved, the more you hand over, regardless of whether the service has improved or your needs have changed.

With an SMSF, you're not paying a percentage. The costs are generally fixed, so your fees don't automatically climb as your balance does.

If you've never compared what you're actually paying against what a self-managed fund would cost at your balance, it's worth a conversation with Julian Versloot, our SMSF specialist with over 20 years experience. The numbers might surprise you.

01/06/2026

⭐ It has been a great privilege to help the growth of Dental on Errard over the last 20 years. Such a great success story!

Thank you for the kind words. ⭐

27/05/2026

Are you thinking about buying equipment, purchasing property, selling an asset or reviewing your business structure?

The 2026 to 2027 Federal Budget includes changes that could affect the timing and tax outcome of those decisions.

Some changes may help business owners, including the permanent $20,000 instant asset write off and the return of loss carry back rules.

Others need careful planning, including proposed changes to negative gearing, capital gains tax and discretionary trusts. The discretionary trust changes are not due to start until 1 July 2028, but they could become important for businesses using trust structures or bucket company arrangements.

The main message is simple....before you commit to a major purchase, sale or structure change, check the timing and get advice.

We have summarised the key Budget points for business owners here:

The 2026-27 Federal Budget has changes affecting your tax, structure and wealth. Here is what Australian business owners need to act on.

25/05/2026

If customers owe you money, EOFY is a good time to clean up what is overdue.

Unpaid invoices affect more than your bank balance. They can distort how healthy the business feels and make cash flow tighter heading into the new financial year.

Before 30 June, check who owes money, how long it has been outstanding, whether payment terms are being followed, and whether your invoicing process needs tightening.

Strong profit does not help much if the cash is still sitting with customers.

20/05/2026

Your super is one of your biggest assets. Most people have no idea what it is actually costing them.

One of our clients with $1.78M in super was paying $12,180 a year in industry fund fees. Their Sharp Accounting SMSF costs $4,750. Same balance. Fixed fee.

SMSFs are not for everyone. But if your balance is growing, it is worth understanding what you are actually paying and what you are getting for it.

Julian Versloot, our in-house SMSF specialist with over 20 years of experience, has written a plain English guide on why more Australians are taking control of their super.

This article is worth reading to understand if your fund is working for you and you'll be able to download our SMSF Suitability Checklist.

Find out why Australians are leaving industry super funds and taking back control of their retirement with an SMSF.

18/05/2026

We are getting to the stage of the year where a lot of business owners suddenly realise EOFY is not far away.

Equipment purchases, vehicles, tax, cash flow, wages, supplier payments. Everything starts landing at once.

That is usually when rushed decisions happen.

Right now, there is still enough time to sit down, look at the numbers properly, and work out what the business can realistically afford before 30 June.

A few weeks can make a big difference at this time of year.

If you have not reviewed your EOFY position yet, now is a good time to get on top of it before June pressure kicks in.