Carmody Accounting and Business Advisory

Carmody Accounting and Business Advisory As Chartered Accountants based in Penrith, our sole focus is to help your business succeed.

24/03/2026

🔥2026 PARTNERSHIP ANNOUNCEMENT🔥

A big thank you to Carmody Accounting and Business Advisory for their valued support of Brothers Penrith Junior Rugby League Club.

As a proud local business, your commitment to helping people and organisations grow aligns perfectly with what we’re building here at Brothers — supporting our players, families, and wider community.

Your partnership brings real energy to our club, both on and off the field, and we’re grateful to have you in our corner.

Cash flow is often the quiet force behind every strong business, shaping daily stability and long-term growth. When mone...
09/03/2026

Cash flow is often the quiet force behind every strong business, shaping daily stability and long-term growth. When money consistently flows in on time, you can invest confidently, pay suppliers without pressure, and plan ahead with clarity.

Many businesses focus on profit, but it’s cash flow that keeps the lights on and the doors open. Understanding your inflows and outflows helps you spot patterns early, avoid shortages, and reduce financial stress. Better cash flow isn’t luck, it’s strategy.

If you’re ready to strengthen your cash flow and boost your business stability, contact Carmody Accounting & Business Advisory today.
https://carmodyaccounting.com.au/cash-flow-strategies-every-western-sydney-business-needs/

Fringe Benefits Tax (FBT) is often overlooked until it becomes a costly surprise for business owners. Many employers don...
07/03/2026

Fringe Benefits Tax (FBT) is often overlooked until it becomes a costly surprise for business owners. Many employers don’t realise that everyday perks like cars, meals, and reimbursements can trigger FBT obligations.

When these benefits aren’t declared correctly, penalties and interest can quickly add up. Understanding what counts as a fringe benefit, and how to structure these benefits effectively, protects your business from unnecessary risk. Taking the time to review your FBT processes now can save you thousands later.

Need clarity? Contact Carmody Accounting & Business Advisory to secure your FBT compliance today.

Many Australian small businesses miss out on government grants simply because they don’t know they qualify. From innovat...
04/03/2026

Many Australian small businesses miss out on government grants simply because they don’t know they qualify.

From innovation support to equipment upgrades and digital transformation funding, these programs are designed to help you grow faster with less financial strain. Understanding eligibility requirements can be confusing, especially when rules change frequently.

With the right guidance, you can identify what you're entitled to and ensure your application is strong and compliant. Don’t leave opportunities sitting untouched when they could push your business forward.

Contact Carmody Accounting & Business Advisory today to explore the grants you qualify for and secure the funding you deserve.

Running a business without a profit plan is like driving with no map, eventually, you’ll hit a dead end. When you proact...
01/03/2026

Running a business without a profit plan is like driving with no map, eventually, you’ll hit a dead end. When you proactively forecast revenue, expenses, and seasonal fluctuations, you strengthen your ability to make confident decisions instead of reactive ones.

Profit planning gives you visibility, control, and the ability to spot small issues before they become costly problems. It also ensures that cash flow supports growth, not just survival. With the right structure, profit becomes predictable, not accidental.

Secure your financial clarity today with Carmody Accounting & Business Advisory. Book your strategy session now.

With upcoming superannuation changes on the horizon, payroll compliance has never been more critical for small and mediu...
26/02/2026

With upcoming superannuation changes on the horizon, payroll compliance has never been more critical for small and medium businesses.

Many employers underestimate how even small errors, late payments, incorrect classifications, outdated payroll software, can snowball into penalties. Preparing early ensures your super obligations are accurate, timely, and fully aligned with ATO expectations.

Reviewing your payroll systems now helps you avoid costly corrections later. Staying compliant isn’t just a legal requirement, it’s a sign of professionalism to your team.

Get ahead of the changes and contact Carmody Accounting & Business Advisory for a payroll compliance review today!

Strong cash flow is one of the most important signs of a healthy business, yet it’s where most small businesses struggle...
23/02/2026

Strong cash flow is one of the most important signs of a healthy business, yet it’s where most small businesses struggle.

Understanding when money enters and leaves your business helps you plan more confidently and avoid unnecessary financial stress. Simple habits like timely invoicing, monitoring expenses, and reviewing your budget regularly can protect your cash position year-round.

When you know your numbers, you can make smarter decisions about hiring, equipment, and growth opportunities. Cash flow isn’t just accounting, it’s business survival.

Contact Carmody Accounting & Business Advisory to strengthen your cash flow and future-proof your business.
https://carmodyaccounting.com.au/cash-flow-strategies-every-western-sydney-business-needs/

Accurate income reporting is one of the most critical responsibilities for small to medium business owners. The ATO now ...
20/02/2026

Accurate income reporting is one of the most critical responsibilities for small to medium business owners. The ATO now cross-checks bank records, digital payments, and third-party platforms to ensure all revenue is declared.

Even small oversights, like unrecorded cash sales or online payments, can trigger penalties or audits. Keeping detailed, organised records and reconciling accounts regularly helps prevent errors and protects your business. Don’t leave money unreported and risk unnecessary stress.

Contact Carmody Accounting & Business Advisory to review your income reporting and stay compliant today!
https://carmodyaccounting.com.au/ato-2025-compliance-focus/

The right asset and equipment finance can be a game-changer for your business. It allows you to acquire essential tools ...
10/02/2026

The right asset and equipment finance can be a game-changer for your business. It allows you to acquire essential tools and technology while preserving cash flow for day-to-day operations.

Structured financing also provides predictability, helping you forecast expenses and plan for growth more accurately. When terms match your operational realities, you can focus on expansion instead of worrying about repayments.

Reach out to Carmody Accounting & Business Advisory to secure better financing for your business.

BAS lodgement isn’t something you want to rush or leave to last minute guesswork. Every figure you report, GST, PAYG ins...
07/02/2026

BAS lodgement isn’t something you want to rush or leave to last minute guesswork. Every figure you report, GST, PAYG instalments, and business income, must align with your bookkeeping records to avoid penalties or ATO scrutiny.

When BAS is done correctly, it also gives you a true snapshot of your cash flow, expenses and quarterly performance. Leaving it to chance increases the risk of errors, interest charges and unnecessary stress. Get ahead, stay compliant and protect your business from avoidable headaches.

Let Carmody Accounting lodge your BAS accurately and on time, visit our website today.

Payday Super is set to change the way businesses handle superannuation by requiring employers to pay super at the same t...
04/02/2026

Payday Super is set to change the way businesses handle superannuation by requiring employers to pay super at the same time as wages instead of quarterly.

This shift aims to increase transparency, improve employee outcomes, and reduce unpaid super across the country. While the reform supports workers, it also means businesses need tighter cash flow planning and updated payroll processes.

Preparing early ensures your systems, software and budgeting align with the new requirements. Staying ahead of these changes keeps your business compliant and operating smoothly.
https://carmodyaccounting.com.au/payday-super-what-every-employer-needs-to-know-for-2026/

Address

4/311 High Street
Penrith, NSW
2750

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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