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Palfreyman Chartered Accountants

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Australia
Cessnock, NSW
Palfreyman Chartered Accountants

As the Hunter's Small Business Specialist, we know we can make a difference to your business.

𝗧𝗵𝗲 𝗛𝘂𝗻𝘁𝗲𝗿’𝘀 𝗦𝗺𝗮𝗹𝗹 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗦𝗽𝗲𝗰𝗶𝗮𝗹𝗶𝘀𝘁 | Business mentoring, tax strategy, structure advice, CGT & SMSF for regional industries including health, vineyard, equine, trade, professional & primary production across Australia. Palfreyman Chartered Accountants is a multi-award-winning Chartered Accounting firm based in the Hunter Valley (Cessnock), helping small businesses across regional Australia suc

ceed. Our team specialises in:
✅ Business setup & structure advice
✅ SMSFs, CGT & tax planning
✅ Business mentoring & coaching
✅ Specialist support for vineyards, trades, health, professionals, equine and primary production industries

We take an education-first approach so our clients feel confident, in control and supported to build a profitable business, and a better work-life balance. Contact us today on (02) 4990 3775 or by emailing [email protected] to book a consultation with our accounting and advisory team and experience the difference yourself.

27/02/2026

In many trade and construction businesses, materials are paid for well before clients settle their invoices. GST is collected, but unless it is separated and tracked carefully, it can become blended with operating funds.

When BAS deadlines arrive, the payment can feel larger than expected because the GST component has already been absorbed into day-to-day expenses.

We encourage trade clients to separate GST into a dedicated account as income is received and to reconcile invoices regularly rather than waiting until quarter end. Aligning bookkeeping systems with project timelines also provides clearer visibility over available cash.

GST itself is not the problem. The difficulty usually lies in how it is managed throughout the quarter.
With simple, consistent systems, compliance becomes far less disruptive.

25/02/2026

Trusts are often discussed, but not always clearly understood.

Our latest blog explains when trusts make sense, how they operate, and what to consider before establishing or reviewing one.

Read more here 👉🏼 https://palfreyman.com.au/trusts-explained-simply-when-do-they-make-sense/

22/02/2026

In business, it is easy to focus on bursts of productivity. Deadlines approach, long hours follow, and significant progress is made quickly. But intensity is difficult to sustain.

We often see that consistency has a far greater impact over time. Regular financial reviews, steady bookkeeping habits, and routine check-ins create stability that reduces the need for reactive effort later.

Businesses that operate calmly throughout the year rarely experience EOFY as overwhelming. That calm is usually built on consistent, measured attention rather than intensity.

19/02/2026

Medical and allied health practitioners often operate across multiple income streams. Medicare billings, private fees, contractor arrangements, and service trusts can all intersect in ways that make income patterns less straightforward than expected.

When income fluctuates and forecasting is irregular, PAYG instalments may not accurately reflect final tax liability. Superannuation contributions can also be overlooked, particularly where drawings vary month to month. Without regular projections, year-end results can feel like a surprise rather than a confirmation.
We find that clearer quarterly forecasting and structured income reviews create far greater predictability. Aligning practice income, personal drawings, super contributions, and projected tax obligations reduces volatility and supports better decision-making.

Tax should rarely feel unpredictable. With steady oversight, it becomes manageable.

18/02/2026

Superannuation guarantee obligations are part of everyday payroll, but small misunderstandings can create larger compliance issues over time.

Our latest blog explains what employers need to understand about ordinary time earnings, contractor arrangements, payment timing and reconciliation - and why reviewing your systems early in the year can prevent unnecessary pressure later.

Read more here 👉🏼 https://palfreyman.com.au/superannuation-guarantee-obligations-what-employers-need-to-get-right/

15/02/2026

By February, the pace of the year is starting to feel real again. Client work is moving, staff are settled back into routine, and attention often turns quietly toward the end of the financial year.

While tax planning is important, we often encourage clients to think a little further ahead than 30 June. When decisions are made only with the current financial year in mind, opportunities for longer-term stability can be missed. Sustainable businesses tend to look two or three years forward, not just four months ahead.

Planning beyond deadlines does not mean complexity. It simply means asking whether today’s decisions support where the business intends to be in a few years’ time. February is a good month to begin that conversation.

13/02/2026

If you earn your professional income through a separate legal entity (for example, a company or trust), the ATO’s new guidance on Personal Services Businesses is a timely reminder to make sure your structure, payments, and any profit you keep in the entity all lines up with the new ATO guidance.

Our new blog breaks it down in plain English: what counts as personal services income, what the PSB tests look for, how Part IVA fits in, and simple steps to sense-check salaries, distributions, and any profit retention (plus what to document and why).

👉 Read the blog here: https://palfreyman.com.au/the-atos-new-guidance-on-personal-services-businesses-what-it-means-and-what-to-do/

31/12/2025

A new year brings a fresh page - and the opportunity to begin with intention.

As 2026 begins, we wish our clients and community clarity in their plans, confidence in their decisions, and balance in the year ahead. We look forward to supporting you as the year unfolds.

Happy New Year from the team at Palfreyman Chartered Accountants.

29/12/2025

The days between Christmas and New Year can feel like a blur – not fully at work, but not fully switched off either. It is a powerful time to reset your mindset for the year ahead, without dragging yourself back into full work mode.

Our new blog walks through a gentler approach to New Year resolutions for your business: starting with appreciation, choosing guiding themes instead of rigid goal lists, and setting simple boundaries and intentions that support both your wellbeing and your business.

At Palfreyman CA, we see that when business owners begin the year with clarity and compassion (rather than pressure and panic), they create more sustainable growth – for themselves and their teams.

👉 Read Gentle New Year Resolutions for Your Business (Without Switching Back On Yet) here: https://palfreyman.com.au/how-business-owners-can-genuinely-switch-off-over-the-christmas-break/

28/12/2025

As the year closes, reflection doesn’t need to be elaborate.

We ask our team – and our clients – three simple questions: What worked? What changed? What matters most now?

Honest reflection builds the foundation for intentional growth. Clarity often comes not from adding, but from recognising what truly mattered.

Address

18 Vincent Street
Cessnock, NSW
2325

Opening Hours

Monday	9am - 4:30pm
Tuesday	9am - 4:30pm
Wednesday	9am - 4:30pm
Thursday	9am - 4:30pm
Friday	9am - 4:30pm

Website

http://www.palfreyman.com.au/

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