SBS Business Advisors and Tax Specialists

SBS Business Advisors and Tax Specialists Trusted CPA Public Accountants & Reg. Tax Agents specialized in Tax, Business Advisory & Accounting. We are Fellow CPA Public Practice & Registered Tax Agents.

We specialize in Taxation, Accounting & Business Advisory for Small and medium-sized enterprises (SMEs).

More small businesses set to benefit from CGT concessionsThe federal government has announced it will expand the 50% act...
22/06/2026

More small businesses set to benefit from CGT concessions

The federal government has announced it will expand the 50% active asset capital gains tax discount to small businesses with an annual turnover of up to $10 million – up from the current $2 million threshold.

This is on top of the regular 50% CGT discount that applies when business assets are sold, meaning eligible small businesses could potentially halve their taxable capital gain twice.

Startup founders, early-stage investors and employees receiving shares as part of their remuneration will also receive an additional concession – either a 50% discount or an inflation-linked discount. Final details are still subject to consultation.

If you're considering selling your business or its assets, these changes could significantly affect your tax position. Your accountant can help you understand how the new thresholds apply to you.


SBS Business Advisors and Tax Specialists

Why small businesses are talking about Capital Gains Tax proposed changesThere has been renewed discussion in a Senate i...
16/06/2026

Why small businesses are talking about Capital Gains Tax proposed changes

There has been renewed discussion in a Senate inquiry about possible changes to Capital Gains Tax (CGT) rules affecting small businesses. While nothing has changed in law as yet, the debate is important because it could shape future tax settings for business owners.

The concern is that proposed CGT adjustments may reduce existing tax concessions, make it harder to raise investment and lower the value businesses achieve when they are sold.

This is why accountants and business owners are paying attention now, even at the proposal stage.

For small business owners, CGT matters because it directly affects exit value, succession planning and investor confidence. Even early policy discussions can influence how businesses are valued and funded.


SBS Business Advisors and Tax Specialists

Payday Super starts 1 July 2026: what employers need to knowAustralian employers have less than a month to prepare for o...
15/06/2026

Payday Super starts 1 July 2026: what employers need to know

Australian employers have less than a month to prepare for one of the biggest payroll changes in recent years.

From 1 July 2026, superannuation contributions must be paid at the same time as wages rather than quarterly. Known as Payday Super, the change is designed to reduce unpaid and late super and help employees build their retirement savings sooner.

Under the new rules, super contributions must be made on each pay run and will generally need to reach an employee’s super fund within seven days of payday. The Australian Taxation Office will also use payroll and reporting data to monitor compliance more closely.

Businesses should review payroll systems, check super payment processes and consider the cash-flow impact of more frequent payments.

It is important to use the time left until July 1 to ensure your business is ready.


SBS Business Advisors and Tax Specialists

Small business, big pressureNearly one in three Australian small business owners has considered walking away from their ...
14/06/2026

Small business, big pressure

Nearly one in three Australian small business owners has considered walking away from their businesses because of stress, according to new research commissioned by Xero.

The findings reveal the hidden emotional toll of entrepreneurship, with:

* 38% reporting severe stress levels
* 73% saying they struggle to switch off from work
* 34% losing more than five hours of sleep a night

Economic uncertainty remains a major concern, while tax season adds further pressure.

Despite the challenges, resilience remains strong, with 69% of business owners saying the stress is worth it or that they would never walk away.

The report highlights the growing need for support, better financial visibility and tools that reduce administrative burdens for small businesses.


SBS Business Advisors and Tax Specialists

Beware of barter credit tax schemesThe Australian Taxation Office (ATO) is warning businesses to be vigilant about fraud...
09/06/2026

Beware of barter credit tax schemes

The Australian Taxation Office (ATO) is warning businesses to be vigilant about fraudulent tax schemes involving "barter credits" that promise unusually large tax deductions.

These arrangements typically involve purchasing barter credits through a business network and donating them to a charity. The issue arises when the credits are allegedly valued significantly higher than what was originally paid, allowing participants to claim inflated tax deductions.

The ATO notes that these types of schemes often circulate through personal networks that include friends, family and colleagues, which means it can be easy to miss the red flags.

Here’s what to watch out for:

* Offers to arrange charitable donations through barter credits
* Promises of substantial tax savings
• High fees or commissions based on tax savings
* Pressure to act quickly
• Requests for secrecy

The consequences can be serious, resulting in an ATO investigation and repayment of tax with penalties and interest charges.

If you're ever approached with an arrangement that seems too good to be true, seek advice from a qualified tax professional before proceeding.


SBS Business Advisors and Tax Specialists

Small business productivity climbs to highest level since 2022Australian small business productivity has risen for a sec...
08/06/2026

Small business productivity climbs to highest level since 2022

Australian small business productivity has risen for a second consecutive quarter, reaching its highest level since 2022, according to new data from Xero Small Business Insights.

The report found labour productivity increased by 5.3% year-on-year in the March quarter to $84.30 per hour worked, marking the second straight quarter above the long-term average.

Productivity is measured as sales generated per hour worked.

Real estate and construction led the gains, while Western Australia recorded the highest productivity levels among the states.

The findings suggest small businesses are becoming more efficient despite broader concerns about sluggish national productivity, with economists pointing to sustained momentum rather than a short-term spike.

Why AI needs whole-of-business ownership]New research from Staffbase shows many Australian executives still treat AI as ...
04/06/2026

Why AI needs whole-of-business ownership]

New research from Staffbase shows many Australian executives still treat AI as an IT function rather than a whole-of-business capability.

In fact, 48% of Australian executives see AI as purely an IT responsibility, while only 17% view it through a broader people, policy and workforce lens.

Staffbase says that matters because AI is no longer just about automation or faster reporting. It’s starting to influence compliance, decision-making, customer experience and the way teams operate day-to-day.

When AI ownership sits only within IT, businesses risk fragmented adoption, inconsistent processes and missed productivity gains across the wider organisation.

The bigger opportunity is to embed AI into business strategy across finance, operations, people and governance.

For SMEs in particular, the businesses that approach AI as a company-wide capability rather than just a tech tool are likely to be the ones that adapt faster, operate more efficiently and stay more competitive as the market evolves.


SBS Business Advisors and Tax Specialists

Costs up, spending down: the reality for Australian SMEsAustralian SMEs are navigating one of the toughest operating env...
11/05/2026

Costs up, spending down: the reality for Australian SMEs

Australian SMEs are navigating one of the toughest operating environments in years. Interest rates have risen to 4.35%, increasing borrowing costs while consumer spending continues to soften under cost-of-living pressure. At the same time, inflation and global fuel shocks are pushing up input costs, tightening already stretched margins.

New risks are also emerging. Chargeback scams and payment fraud are rising, directly impacting cash flow and adding administrative burden. Overlay this with ongoing productivity challenges and uncertainty ahead of tomorrow’s Federal Budget, and many businesses are delaying investment and hiring decisions.

In this environment, cash flow visibility, cost control and proactive tax planning are critical. Small adjustments now can significantly improve resilience over the next 6–12 months.


SBS Business Advisors and Tax Specialists

Australia’s $1bn zero-interest loan boost for SMEsAustralian banks have begun rolling out zero-interest loans for small ...
04/05/2026

Australia’s $1bn zero-interest loan boost for SMEs

Australian banks have begun rolling out zero-interest loans for small and medium-sized businesses under the Federal Government’s new $1 billion Economic Resilience Program (ERP), designed to ease pressure from rising fuel costs and global supply-chain disruptions.

Delivered through the National Reconstruction Fund Corporation, the scheme offers eligible businesses with annual turnover under $100 million access to loans of up to $5 million, with terms of up to two years. Applications officially opened on 20 April 2026.

The program is focused on critical industries heavily exposed to recent market shocks linked to Middle East conflict and global input cost spikes such as freight, logistics, fuel, fertiliser, plastics and manufacturing sectors.

Major lenders including ANZ, NAB and Bendigo Bank have confirmed participation, with support positioned to help viable businesses manage cash flow without the burden of interest costs. Standard bank fees still apply, and loans must be repaid in full.

Banks are also encouraging businesses under pressure to reach out early, with options such as repayment deferrals, restructuring and temporary working capital support available alongside ERP funding.


SBS Business Advisors and Tax Specialists

Banks brace for bad credit spikeTwo of Australia's major banks are preparing for a possible rise in bad debts amid the o...
30/04/2026

Banks brace for bad credit spike

Two of Australia's major banks are preparing for a possible rise in bad debts amid the ongoing Middle East conflict.

National Australia Bank (NAB) has increased expected credit impairment charges to $706 million for the first half of its financial year – around $300 million higher than initially anticipated. Westpac has issued a similar warning. Both expect the energy shock, higher inflation and slowing economic growth to create a challenging environment for borrowers.

This could signal tighter conditions ahead for businesses, with higher input costs, reduced consumer spending and increased lender scrutiny placing pressure on cash flow and debt servicing capacity.

What can you do to mitigate these risks?

* Review cash flow buffers to ensure there’s capacity to absorb rising costs.
* Assess current debt obligations and engage with lenders early to discuss potential repayment adjustments.
* Identify and reduce non-essential expenses.
* Work with your accountant to stress-test your financial position.

Taking early steps can help ease financial pressure and reduce the risk of defaulting on debt.


SBS Business Advisors and Tax Specialists

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