Your Biz Accounting & Bookkeeping

Your Biz Accounting & Bookkeeping We support you through every stage of your business journey — not just at tax time. Since 2003 All of this in one place.

As our start in this industry was as bookkeepers we have a great understanding of what it takes to run a business, the day to day grind, staff management, payroll and super obligations. We don't just crunch the numbers at the end of the year but can assist you along the way offering our skills in bookkeeping, account management, tax planning, tax accounting and business advice. We specialise in mi

cro to small business of all types as well as wage earners. We also have associates to offer financial planning, mortgage broking and SMSF. Our clients always come first and we value each and every one of you no matter how big or small and can offer the full financial package at an affordable price. We also specialise in assisting people that are new to Australia in understanding our taxation system and their obligations as a taxpayer.

🚨 Fun tax fact of the dayIn Australia (and the US too), illegal income is technically still taxable income. The law does...
03/06/2026

🚨 Fun tax fact of the day

In Australia (and the US too), illegal income is technically still taxable income. The law doesn't have a carve-out for dodgy earnings.

The ATO wants their cut - legal or not. 👀

Moral of the story: nobody escapes the taxman. Even Al Capone.

We know you're keen. We are too. But not yet.Every year we get the emails and calls: "Can I book my tax return in July?"...
01/06/2026

We know you're keen. We are too. But not yet.

Every year we get the emails and calls: "Can I book my tax return in July?"

And every year the answer is: not quite yet - and here's why.

In July, your PAYG, interest, dividends and other income is still making its way onto the ATO's systems. Lodge too early and we'll likely need to amend it when the rest comes through.

We also can't count the number of times a client has forgotten about shares, a side income, or an intent to claim on super - details that matter and that we want to get right.

Our 2026 tax return bookings open in August. Save yourself the hassle of an amendment and book after July. 😊

Things nobody tells you before you start a business - If only someone had handed you a list. 📋Here are the things most n...
29/05/2026

Things nobody tells you before you start a business - If only someone had handed you a list. 📋

Here are the things most new business owners find out the hard way - usually at the worst possible time:

1. You need an ABN before you earn your first dollar. Not after. Before.

2. GST registration isn't optional once you hit $75,000 in annual turnover. And yes, the ATO will notice if you don't register.

3. BAS is a thing now. Every quarter (or every month). Forever. It stands for Business Activity Statement and it's how you report your GST to the ATO. Welcome to your new recurring calendar event.

4. You need to set aside money for tax. It doesn't come out automatically like it did when you were employed. Many new business owners get to their first tax return and discover they owe far more than they expected. It hurts.

5. Super is still your responsibility. If you have employees - or even some contractors, you're legally required to pay their superannuation. Miss it and you'll face penalties.

6. "I'll sort the books out later" is a trap. Later becomes the end of the financial year. Then it becomes an emergency.

7. A bookkeeper is not a luxury. It's the thing that lets you actually focus on your business instead of your receipts.

None of this is designed to scare you, starting a business is one of the best things you can do. But knowing the admin side early makes everything so much smoother.

If you're just starting out or playing catch-up, we'd love to help you get set up properly.

Local, friendly, no jargon. Based in Wanneroo since 2003. 👋

As a firm that's certified in both, here's our honest answer. ☕The short version: neither is universally better. They're...
27/05/2026

As a firm that's certified in both, here's our honest answer. ☕

The short version: neither is universally better. They're just better for different businesses.

Here's our take:

- Choose Xero if: You love an intuitive, beautiful dashboard, want to integrate with a bunch of other digital tools, and need multiple team members logged in at once.

- Choose MYOB if: You handle physical stock, manage a large or complex team payroll, and want a robust, all-in-one system right out of the box.

The honest truth?
The best accounting software is the one you'll actually use.
A perfectly set up Xero file gathering dust is worse than a basic MYOB file someone opens every week.

What really matters is that your books are current, your BAS is reconciled, and someone who knows what they're doing is keeping an eye on it.

That's where we come in - whether you're on Xero, MYOB, or a spreadsheet that we will very gently suggest you upgrade from. 😅

If you're not sure which platform is right for your business, we're always happy to chat it through. No sales pitch - just honest advice.

There's an unofficial rule we love in accounting. 🍺We call it the pub test.Before you claim a deduction, ask yourself: i...
22/05/2026

There's an unofficial rule we love in accounting. 🍺

We call it the pub test.

Before you claim a deduction, ask yourself: if you explained this to a mate at the pub, would they look at you like you were taking the mickey?

"I claimed my home office because I answered one work email from the couch."
🍺 Doesn't pass the pub test.

I claimed my tools because I use them on every single job."
🍺 Passes. Easy.

"I claimed my whole phone bill even though I use it 90% personally."
🍺 Doesn't pass.

"I claimed the work portion of my phone after tracking my usage for a month."
🍺 Passes.

"I claimed a client dinner - for a dinner that was definitely just dinner with my friends."
🍺 Hard no.

The ATO isn't silly. They've seen it all. And while there are genuine deductions available to you that many people miss, the ones that cause problems are almost always the ones that don't pass the pub test.

Here's the good news: when you work with a proper accountant, you don't have to guess. We'll tell you what you can genuinely claim, what you can't, and how to document it properly so you're protected if anyone ever asks.

Less guessing. More confidence. Fewer awkward letters from the ATO.
That's what we're here for. 😊

Now after all the pub talk - we need a cold one!

Let's talk about the elephant in the room. 🐘Yes, hiring an accountant costs money. We're not going to pretend otherwise....
20/05/2026

Let's talk about the elephant in the room. 🐘

Yes, hiring an accountant costs money. We're not going to pretend otherwise.

But here's what nobody talks about - what it actually costs you NOT to have one.
❌ Deductions you didn't know you could claim - gone
❌ A BAS lodged late because you lost track of the date - plus the ATO penalty to match
❌ Paying the wrong amount of tax because nobody checked your structure
❌ Hours of your weekend doing something someone else could do in a fraction of the time
❌ A surprise tax bill in July that could have been avoided in April

The thing about accounting fees is that they're visible. You see the invoice, you feel it.

What you don't see is the money quietly walking out the door because nobody was looking at your numbers properly.

We've worked with small business owners in Wanneroo for over 22 years. And something we hear time again is: "I wish I'd done this sooner."

Not because we're special. Because having someone in your corner who actually knows the Australian tax system, and is paying attention to YOUR business, genuinely changes outcomes.

So yes. We cost money.

But we'd love to show you what we can actually save you.

🚗 Does Your Company or Trust Own a Vehicle? 🚗If your company or trust owns a non-commercial vehicle that is used private...
18/05/2026

🚗 Does Your Company or Trust Own a Vehicle? 🚗

If your company or trust owns a non-commercial vehicle that is used privately by a director, shareholder, employee or beneficiary, keeping a valid 12-week logbook is extremely important.

Why? Because without a proper logbook:
❌ The private use may not be correctly calculated
❌ You could run into Fringe Benefits Tax (FBT) issues
❌ Claims may be denied or adjusted by the ATO

A valid 12-week logbook helps determine the business-use percentage of the vehicle and supports:
✔️ Fuel claims
✔️ Registration & insurance
✔️ Repairs & servicing
✔️ Depreciation & interest

The good news? Once completed correctly, your logbook can generally be used for up to 5 years - unless:
🚘 You purchase a new vehicle
📈 Your business kilometres change significantly
📝 Your usage patterns are no longer representative
The logbook must cover a continuous 12-week period and accurately reflect normal vehicle usage.

Good record keeping now can save a lot of tax, stress and ATO problems later ✅
Need help with vehicle logbooks, FBT or company vehicle claims?

Contact Your Biz Accounting & Bookkeeping today.

Monkey See, Monkey Do... But Maybe Don’t? 🐒We’ve all heard the 'pub talk' tax tips that sound too good to be true. It’s ...
15/05/2026

Monkey See, Monkey Do... But Maybe Don’t? 🐒

We’ve all heard the 'pub talk' tax tips that sound too good to be true. It’s easy to fall into the 'Monkey See, Monkey Do' trap when you hear a colleague is claiming something new.

While your friends and colleagues usually have the best intentions, following "pub talk" tax advice can land you in hot water with the ATO. Just because someone you know is doing it, doesn’t mean it’s legally sound, or right for your specific business structure.

Why It Is Risky for Your Taxes:
- Different Circumstances: Tax law is rarely one-size-fits-all; what works for a sole trader might not apply to a PTY LTD company.

- The "Industry Standard" Myth: Just because "everyone in your industry" claims a certain expense doesn't automatically make it a compliant deduction for you.

- Audit Trail: If the ATO comes knocking, "my mate said it was okay" isn't a valid legal defense.

Before you action advice from anyone who isn't a qualified professional, reach out to us at Your Biz Accounting & Bookkeeping. We’ll help you navigate the actual tax laws so you can claim with confidence, and keep the monkeys off your back!

⚡ GREAT NEWS FOR EV BUYERS! ⚡The Federal Budget has confirmed that eligible Electric Vehicles (EVs) can continue to acce...
13/05/2026

⚡ GREAT NEWS FOR EV BUYERS! ⚡

The Federal Budget has confirmed that eligible Electric Vehicles (EVs) can continue to access the valuable FBT exemption until 1 April 2029!

This could mean BIG tax savings for businesses and employees through:
1. FBT-free electric vehicles
2. Salary packaging benefits
3. GST & depreciation savings
4. Lower running and fuel costs

To qualify, the vehicle must generally:
- Be a fully electric vehicle
- Cost under the luxury car tax threshold for fuel-efficient vehicles (currently around $75,000 before on-road costs)

❌NOTE❌ Plug-in hybrids generally stopped qualifying from 1 April 2025 unless transitional rules apply.

If you’ve been considering upgrading to an EV, this extension is fantastic news and could save thousands over the life of the vehicle.

📞 Before signing a contract, speak with Your Biz Accounting & Bookkeeping so we can help you understand eligibility, thresholds and the best structure for your situation.

Looking to lower your tax bill? You still can!It’s not too late to impact your 2025 tax outcome, but the clock is tickin...
24/04/2026

Looking to lower your tax bill? You still can!

It’s not too late to impact your 2025 tax outcome, but the clock is ticking!
At Your Biz Accounting & Bookkeeping, we don't just "do" your taxes, we help you plan for them. Our Wanneroo team specialises in helping small businesses find legal deductions and strategies before the June 30 cut-off.

Skip the stress and the last-minute scramble. Let’s get a strategy in place this month.

Ready to get started?

Address

1A/8 Villanova Street
Wanneroo, WA
6065

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm

Telephone

+61893062274

Website

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