Nanak Accountants & Associates

05/06/2026

Tax time is coming fast and many business owners are asking the same question:

“What should I buy before EOFY?”

The answer is not “anything you can claim.”

EOFY spending should be strategic. The goal is to invest in things that support your business, improve cash flow, and prepare you for the new financial year.

In this carousel, we cover smart EOFY purchase ideas, including:

✔ Business equipment your team actually needs

✔ Software and systems that reduce admin

✔ Eligible prepaid expenses to manage cash flow

✔ Payroll and super changes to prepare for

✔ Why timing matters before making EOFY purchases

A few important reminders for Australian business owners:

✔ The $20,000 instant asset write-off may apply to eligible small businesses, but the asset must be ready for business use by the required deadline.

✔ The Super Guarantee rate increased to 12% from 1 July 2025, so payroll budgets and systems need to be updated.

✔ Not every EOFY purchase is automatically deductible, so always check before spending.

Before you buy, ask yourself:

Will this help the business operate better?
Is it genuinely business-related?
Can I keep proper records for it?
Have I checked the timing and tax rules?

EOFY does not have to be stressful when you plan early.

Need help deciding what your business should buy before EOFY?

Book a free 15-minute strategy session with our team.

Comment below with your biggest EOFY question, or share this with a business owner who needs to get tax-ready.

04/06/2026

Our latest article on choosing the best sole trader accountant in Australia has now been published as an official press release, helping sole traders understand how to stay compliant, organised, and financially informed all year.

Featuring insights from Puneet Singh of Nanak Accountants & Associates, the release explains the practical steps sole traders should follow when selecting an accountant who can handle tax, BAS, bookkeeping, and business advice effectively.

It covers:
• Core services of a sole trader accountant
• Common mistakes like poor recordkeeping, missed BAS deadlines, and mixing personal & business expenses
• How to verify credentials and professional experience
• Comparing fees versus value for services
• Choosing accountants who support Xero, QuickBooks, or MYOB
• Tax planning, deductions, and ongoing bookkeeping support

Many sole traders focus only on tax filing, but choosing the right accountant ensures records stay clean, deductions are maximised, and business decisions are informed all year round.

Read the full press release here:
https://www.prlog.org/13150046-how-to-choose-the-best-sole-trader-accountant-in-australia.html

03/06/2026

Optimising your business structure is key to reducing tax liability in Australia. Whether you operate as a sole trader, partnership, company, or trust, each structure has unique tax implications. Choosing the right setup can help you minimise income tax, manage GST efficiently, and protect assets. Our expert accountants provide tailored advice on discretionary trusts, hybrid trusts, unit trusts, and SMSF strategies, ensuring compliance while maximising savings. From BAS/GST lodgement to tax planning and audit support, we guide businesses and expats through every step of tax minimisation.

Secure your financial future, contact us today to review your business structure and start saving smarter.

30/05/2026

Tax time has us all wondering, "Wait, can I claim that as a work expense?"
Some of the answers will surprise you. Some will keep you out of trouble with the ATO.

29/05/2026

EOFY is fast approaching, but many business owners are still leaving tax-saving opportunities on the table.

The good news? A few proactive steps before 30 June could help improve cash flow and reduce your tax bill.

In this carousel, we cover some practical EOFY strategies Australian businesses should be reviewing right now:

✔ Consider prepaying eligible business expenses before year-end

✔ Review equipment and asset purchases that may qualify for tax benefits

✔ Maximise eligible super contributions before 30 June

✔ Clean up bad debts and obsolete stock

✔ Make sure you're capturing every legitimate business deduction

The businesses that achieve the best EOFY outcomes are usually the ones that start planning early not after the deadline has passed.

Take a look through the carousel and see which opportunities may apply to your business.

Comment below with your biggest EOFY challenge.

Share this with a fellow business owner who should see it.

Need help getting tax-ready? Book a free 15-minute strategy session with our team.

28/05/2026

Another happy client, another reason we love what we do ⭐⭐⭐⭐⭐

We’re truly grateful for the wonderful feedback from our valued client about their experience with Puneet and the team at Nanak Accountants & Associates. Providing clear guidance, reliable support, and a stress-free experience is always our top priority.

From tax returns to ongoing accounting support, we are committed to delivering professional service with honesty, attention to detail, and genuine care for every client we work with.

Thank you for your trust and recommendation, it means the world to us. We look forward to continuing to support individuals and businesses across Australia with confidence and peace of mind.

Get in touch with our team today
www.nanakaccountants.com.au

28/05/2026

Our latest article on choosing a business name in Australia has now been published as an official press release, helping Australian business owners better understand the legal, branding, and compliance considerations involved in selecting the right business name.

Featuring insights from Puneet Singh of Nanak Accountants & Associates, the release explains the practical steps businesses should follow before registering a business name with ASIC and launching their brand.

It covers:
• Business name vs company name vs trademark explained
• Common business naming mistakes to avoid
• ASIC business name registration requirements
• Trade mark and domain name checks
• Why generic or narrow names can create future problems
• How ABN setup links to business name registration
• Practical examples of good vs bad business names
• Compliance and branding considerations for Australian businesses

Many business owners focus only on whether a name sounds good, but choosing the wrong name can lead to branding conflicts, registration issues, domain problems, and costly rebranding later.

Read the full press release here:
https://www.prlog.org/13148609-how-to-choose-business-name-in-australia-common-mistakes-businesses-should-avoid.html

27/05/2026

Starting a business in 2026? Smart tax planning from day one can help you reduce tax, improve cash flow, and avoid costly compliance issues. New business owners should stay on top of BAS/GST lodgements, bookkeeping, payroll obligations, and business tax planning to maximise deductions and keep finances organised year-round.

Whether you need support with GST registration, business start-up accounting, tax minimisation strategies, or financial reporting, working with experienced accountants can make a significant difference to your long-term success. Proper planning today helps build a stronger, more profitable business tomorrow.

Contact our team today for expert tax planning and accounting support tailored to your business goals.

26/05/2026

26/05/2026

EOFY is approaching fast, and many Australian business owners are still leaving tax planning until the last minute.

The good news? A few smart moves before 30 June could help reduce tax, improve cash flow, and set your business up for a stronger FY2026.

In our latest carousel, we cover practical EOFY strategies including:

✓ Bringing forward deductible business expenses
✓ Paying super early to secure deductions
✓ Improving cash flow before year-end
✓ Reviewing pricing as business costs rise
✓ Planning ahead instead of reacting at tax time

EOFY isn’t just about compliance, it’s an opportunity to strengthen your business financially before the new financial year begins.

Take a look through the carousel and see which strategies could apply to your business.

Comment below with your biggest EOFY challenge.

Need help getting tax-ready? Book a free 15-minute strategy session with our team.