L Jack & Associates

18/06/2026

30 June is almost here — SMSF trustees, this one's for you.

With the end of the financial year fast approaching, there are some important actions to take before 30 June — and some big changes coming from 1 July 2026 that could affect your fund.
From contribution caps and catch-up contributions, to the indexation of the transfer balance cap and the arrival of Division 296 tax — there's a lot to be across this year.
We've put together a comprehensive EOFY update covering what's new, what's not changing, and what we need from you to keep your fund compliant.

👉 Read the full update here:

Self Managed Superannuation Funds continue to be a focus for the Government and the regulators. Read our EOFY tips and advice.

05/05/2026

"We were new clients. From the initial contact and every interaction thereafter, Leonie was easy to deal with and fabulous." says Jackson

★★★★★ We were new clients. From the initial contact and every interaction thereafter, Leonie was easy to deal with and fabulous.

30/04/2026

"Sonya and I are new clients and could not have had a better experience with on-boarding and the service we received from Leonie. Thank you for the client experience" says Elliott

★★★★★ Sonya and I are new clients and could not have had a better experience with on-boarding and the service we received from Leonie. Thank you for the client experience

28/04/2026

"Got me a great return and no fuss. Will definitely be using again. Thanks." says Theoctistou

★★★★★ Got me a great return and no fuss. Will definitely be using again. Thanks.

24/04/2026

What does it mean for your business when the RBA increases the official cash rate?

Higher interest rates can have a direct impact on your business and financial planning. Here’s what to consider:

• Borrowing costs – Variable loans and overdrafts may become more expensive, so reviewing your current debt and repayment strategies is essential.

• Cashflow management – Rising interest can affect your monthly outgoings. Understanding your cashflow position helps you plan for increased expenses.

• Investment and growth decisions – Higher rates may influence decisions on equipment purchases, expansion plans, or other investments that require financing.

• Financial opportunities – While borrowing may cost more, higher rates can also increase returns on deposits and term deposits, giving your business more options for safely investing surplus cash.

Now is a good time to review your finances, assess your funding arrangements, and ensure your business is positioned to manage these changes effectively.

Our team can help you understand the impact of interest rate changes and plan your next steps with confidence.

22/04/2026

"Excellent." says Walley

★★★★★ Excellent.

14/04/2026

"Leonie provides a easy and hassle free service, very happy customer." says Col on Google

★★★★★ Leonie provides a easy and hassle free service, very happy customer.

14/04/2026

Many small businesses run into avoidable issues due to poor record keeping, unreported income or weak cashflow management.

The ATO continues to focus on improving small business compliance, and staying on top of your obligations is key to avoiding unnecessary penalties.

Here are five practical ways to keep your business on track:

1. Manage ATO debt early
Engaging early with the ATO makes obligations more manageable and can help you avoid enforcement action.

2. Separate your obligations
Keeping dedicated accounts for GST and PAYG withholding helps ensure funds are available when it is time to lodge and pay.

3. Maintain accurate records
Digital record keeping reduces errors and keeps your business aligned with ATO requirements.

4. Be ready for Payday Super
From 1 July 2026, superannuation will need to be paid with each payroll cycle. Reviewing your systems now will help you stay compliant.

5. Finalise obligations properly
If you are closing a business, ensure all lodgements are complete and registrations are cancelled to avoid ongoing issues.

Working with a registered tax professional can help you stay compliant and confident in your reporting.

If you would like support reviewing your compliance position, our team is here to help.

07/04/2026

Working from home? Make sure you are claiming your expenses correctly this tax time.

The ATO’s fixed rate method allows you to claim 70 cents per hour for time spent working from home. This simplified rate covers:
• Energy costs for heating, cooling, lighting and equipment
• Internet expenses
• Mobile and home phone usage
• Stationery and computer consumables

These expenses cannot be claimed separately if you are using the fixed rate method.

You can still claim additional deductions for depreciation, repairs and maintenance on work-related furniture and equipment.

To support your claim, you will need:
• Records of your expenses, such as bills or receipts
• A log of your working from home hours, such as a diary, timesheet or roster

With tax time approaching, it is important to ensure your records are accurate and up to date.

If you need help calculating your working from home deductions, our team is here to assist.

02/04/2026

Understanding your numbers is critical to running a successful business.

With changing customer behaviour and evolving revenue streams, it is more important than ever to have a clear view of your financial position. Strong financial visibility allows you to make informed decisions and adapt with confidence.

Key reports every business owner should understand include:
• Budget, to track performance against your plan
• Cashflow Statement, to monitor money in and out
• Cashflow Forecast, to plan ahead and manage shortfalls
• Balance Sheet, to understand what you own and owe
• Profit and Loss, to assess overall performance

Having a clear understanding of these reports puts you in a stronger position to manage risk, improve performance and plan for growth.

If you need support interpreting your numbers, our team is here to help.