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With 30 June now upon us, many business owners are breathing a sigh of relief (or will be this afternoon). Lodgements are being finalised and the pressure is easing on another year end, but with it barely in the rear-view mirror, what’s next?
The new financial year isn’t just a fresh start on financials – it’s a critical moment to take stock and get strategic. What you do in the weeks following EOFY can set the tone for your entire FY25–26.
So before you shift focus entirely, here are four key actions you can take now to set your business up for success and how Attune Advisory can help you make the most of the year ahead.
Once the dust has settled, take time to step back and look at how your business performed across the last financial year. This isn’t just about profit, it’s about understanding your numbers.
Ask yourself:
• What were the strongest months or quarters?
• Were there cash flow pinch points?
• Did certain service lines or products outperform expectations?
• What did you spend more on than planned, and why?
By examining performance with a clear head, you’ll be able to make data-backed decisions for the year ahead, not gut-based ones.
At Attune Advisory, we often support our clients in conducting a year-end performance review, helping uncover valuable insights and identifying where strategy can be improved. From there we’ve got the ammunition to help your business build a sound strategy, tailored to your goals, built on real data.
Don’t wait until tax time next year, or even your next lodgement to think about how your business is tracking. If you haven’t started already, now is the ideal time to:
• Set clear financial and operational goals
• Build or update your 12-month forecast
• Map out major projects, expected expenses, or staffing changes
Creating a forecast not only helps manage cash flow, it’s a vital tool for planning investment, understanding breakeven points, and seeing the bigger picture.
For growing businesses, Attune Advisory offers Virtual CFO services that provide exactly this kind of strategic oversight. It’s expert financial leadership — without the full-time price tag. But, even if you don’t need a Virtual CFO, you still may benefit from timely advice and strategic thinking that helps you move forward with confidence.
A new year brings new variables. Interest rates, supply costs, staff overheads and industry shifts can all affect your cash flow, sometimes significantly.
Now is the time to:
• Review and adjust your budget to reflect current market conditions
• Reassess your pricing strategy and cost structure
• Check that your invoicing and debt collection processes are still working for you
Don’t wait until a cash flow crisis forces your hand. A proactive approach, supported by real-time numbers, can be the difference between a stressful year and a successful one.
Too often, we see businesses only engage their accountant or advisor at tax time(s). But there’s so much value to be gained from year-round strategic advice, and that’s a huge part of what we offer and specialise in at Attune.
From reviewing your structure and tax planning strategies to helping you monitor KPIs and growth goals, our advisory team is here to help you stay ahead.
Whether you’re a sole trader, growing startup, or established company, our team works alongside you, offering insights, accountability, and clarity.
EOFY might be (just about) over, but this is where the real opportunity lies for the year ahead.
By reviewing your performance, setting smart goals, and managing cash flow proactively, you’ll be setting your business up for a stronger, more strategic year. And with the right support, you won’t have to do it alone.
Want to make this financial year your best yet?
Give the team at Attune Advisory a call on 1300 866 113 or send us an email to start the conversation – you’ll be glad you did.
With the end of the financial year just days away, many small and medium-sized business owners are feeling the pressure. It’s a time when the spotlight turns to compliance, reporting, and making sure everything is in order before 30 June.
But navigating your tax obligations can be daunting. The terms alone – ‘tax obligations’, ‘deductions’, ‘GST’, ‘capital gains tax’ – can feel overwhelming, especially when you're already juggling the demands of running a business.
At Attune Advisory, we understand that staying compliant with the Australian Taxation Office (ATO) isn’t always straightforward. That’s why we’re here to offer practical support, proactive guidance, and a clear path forward so you can approach the last days of the financial year with clarity and confidence.
If you operate a business in Australia, you’re required to meet a range of tax responsibilities beyond simply lodging an annual return. While many of these are well-known, some are less obvious—and all are critical to staying compliant. These include:
• Registering for an Australian Business Number (ABN)
Every business must have an ABN for tax and identification purposes. Without it, you may lose access to tax credits and face higher withholding rates.
• Maintaining accurate financial records
This includes invoices, receipts, bank statements, and payroll records. Good record-keeping underpins everything from deductions to audits.
• Registering for GST (if applicable)
If your business has a GST turnover of $75,000 or more, you must register and meet all related obligations, including charging GST, lodging BAS, and claiming input credits.
• Paying income tax on profits
Depending on your structure (e.g., sole trader vs. company), this could involve personal tax returns or company tax obligations.
• Managing superannuation for employees
Super must be paid quarterly at minimum, and failure to meet deadlines can result in penalties—even if paid late.
• Withholding the correct amount of tax from employee wages (PAYG Withholding)
This is a key responsibility for employers, ensuring employees meet their tax obligations.
• Meeting fringe benefits tax (FBT) obligations
If your business provides employees with non-cash benefits (like a company car or entertainment), you may be required to report and pay FBT.
Failure to comply can result in financial penalties, unnecessary audits, and mounting stress. However, with the right systems and expert guidance tailored to your business, you can stay on top of your obligations – and even identify opportunities to reduce your tax burden and boost your financial efficiency.
Tax rules aren’t set-and-forget – they evolve alongside legislation, industry regulations, and your business structure. Regular reviews help ensure you remain compliant and position your business for growth.
Here’s what you should be reviewing:
1. Business Structure
Your structure (sole trader, partnership, trust, or company) affects everything from tax rates to reporting obligations. As your business grows or changes, it may be worth reassessing whether your current structure is still right for you.
2. Income and Expense Reporting
Be sure to capture every deductible business expense—from vehicle costs to depreciation of assets. Using cloud accounting software can automate much of this and reduce human error.
3. GST Registration and Reporting
If registered for GST, you must charge GST on taxable supplies, claim input tax credits, and lodge regular Business Activity Statements (monthly, quarterly, or annually). Failing to keep up can result in compliance issues and cash flow problems.
4. Employer Responsibilities
Beyond PAYG and super, it’s essential to ensure you’re adhering to industry Awards or enterprise agreements. This includes paying correct wages, keeping up with Fair Work requirements, and understanding leave entitlements, allowances, and termination payments.
The ATO requires businesses to retain records for at least five years from when they were prepared, obtained, or the transaction was completed – whichever is later. Records must clearly explain all transactions, be written in English (or easily translated), and be stored securely, whether physically or digitally.
Good record-keeping is more than a compliance task – it’s also your best defence in the event of an audit and a foundation for sound business decision-making.
A registered tax agent is legally authorised to give tax advice, prepare and lodge returns, and represent you in dealings with the ATO. At Attune Advisory, our team is fully registered with the ATO and the Tax Practitioners Board (TPB), giving you peace of mind that your business is in experienced, qualified hands.
We also stay across legislative updates, industry trends, and ATO rulings so you don’t have to.
How can I stay on top of my tax obligations?
Using software like Xero or MYOB, tracking lodgement deadlines, and engaging an Attune Advisory advisor are all key to staying ahead.
What happens if I don’t meet my obligations?
You could face penalties, interest charges, and increased scrutiny from the ATO. In some cases, non-compliance can trigger a full audit.
What tax rate applies to small businesses?
As of 2023, small companies with turnover under $50 million are taxed at 25%. Larger companies pay 30%. Sole traders and partnerships are taxed at individual rates.
Does Australia tax overseas income?
Yes. The ATO uses international data-sharing agreements to track overseas assets and income. Australia also has tax treaties with over 40 countries to avoid double taxation.
Tax doesn’t have to be a burden. With tailored, strategic advice from the Attune Advisory team – and the right systems in place – you can meet your obligations, reduce your risk, and uncover real opportunities for growth and savings.
Give the team a call on 1300 866 113 or send us an email to start the conversation – you’ll be glad you did.
In today’s fast-paced and competitive business environment, financial leadership isn’t just valuable—it’s vital. But for many startups and small-to-medium-sized enterprises (SMEs), hiring a full-time Chief Financial Officer isn’t always feasible. That’s where a Virtual CFO (vCFO) comes in.
A Virtual CFO offers all the expertise and strategic insight of a traditional CFO, but on a flexible, part-time, or outsourced basis—making high-level financial guidance accessible to growing businesses without the overhead of a full-time salary.
At Attune Advisory, we work closely with business owners to bridge this gap, helping them gain clarity, direction, and confidence in their financial decisions via our tailored approach to offering a vCFO service.
A Virtual CFO is an outsourced financial expert who provides high-level strategic financial management, just like an in-house CFO. From cash flow forecasting to risk management and strategic planning, they act as a key advisor to business leaders—without being on payroll full-time.
Unlike traditional bookkeeping or compliance-based accounting, Virtual CFO services are forward-looking. The focus is on growth, performance, and strategic insight, not just historical data.
Many business owners are passionate about their product or service but find themselves overwhelmed by financial complexity as they scale. A Virtual CFO helps answer big questions like:
Whether your business is in a growth phase, facing financial challenges, or simply preparing for the future, a vCFO provides tailored insights to help you make confident, informed decisions.
1. Cost-Effective Expertise
Hiring a full-time CFO is expensive—often well beyond the reach of SMEs. A Virtual CFO provides access to top-tier financial acumen at a fraction of the cost.
2. Improved Cash Flow & Financial Clarity
A vCFO can help optimise cash flow, forecast future trends, and provide visibility into your financial health.
3. Strategic Business Planning
From budgeting and KPI tracking to funding strategies and investor presentations, your vCFO supports business growth with real data and insight.
4. Operational Efficiency
A good Virtual CFO will spot inefficiencies, identify risks, and streamline processes—saving you both time and money.
5. Objective, Experienced Advice
Unlike internal staff, a vCFO provides an external, unbiased perspective grounded in experience across a range of industries and business models.
At Attune Advisory, our Virtual CFO service is more than just a financial plug-in. We take the time to understand your business, your goals, and your challenges.
Our vCFO offering includes:
• Monthly or quarterly financial reporting
• Cash flow and budget forecasting
• Financial strategy sessions
• Risk analysis and mitigation planning
• Tax efficiency strategies
• Support with funding and capital raising
Our approach is personal, proactive, and always tailored to your business—because one-size-fits-all doesn’t work when it comes to growth.
If you're ready to make smarter financial decisions, boost profitability, and drive sustainable growth—without committing to a full-time hire—our Virtual CFO services could be the solution you’ve been looking for.
Contact the Attune Advisory team today to learn how we can help lead your financial strategy forward – call us on 1300 866 113 or contact us via email here. You’ll be glad you did.
For Australians planning their financial future, Self-Managed Superannuation Funds (SMSFs) continue to offer an attractive pathway to greater control and flexibility over retirement savings. But as the superannuation landscape evolves—with industry funds increasing their market share—many are asking: is an SMSF still the right choice?
At Attune Advisory, we believe SMSFs can play a powerful role in building long-term wealth—if managed with the right strategy, structure, and support … our specialty.
Recent industry data reveals a subtle shift: SMSFs now account for 27.9% of total superannuation assets, down from 30%, while industry super funds have risen from 38.2% to 40%. While this trend reflects the growing scale and marketing power of industry funds, it doesn’t diminish the unique advantages SMSFs can provide for the right investor.
1. Investment Control and Flexibility
SMSFs give you the power to choose where and how your retirement savings are invested. From shares and managed funds to property and even collectibles (within strict guidelines), you have far more scope to tailor your strategy.
2. Cost Efficiency (at Scale)
For those with higher super balances, SMSFs can offer cost advantages, especially as fixed administration fees become more efficient at scale compared to percentage-based fees in retail or industry funds.
3. Estate and Tax Planning
SMSFs can offer advanced tax strategies and greater flexibility in estate planning—an important consideration for individuals looking to protect wealth across generations.
With control comes responsibility. Managing an SMSF is not for everyone, and there are key considerations:
At Attune Advisory, we work closely with clients who want to explore the benefits of an SMSF while staying compliant and confident.
Our support includes:
• Feasibility assessments to determine if an SMSF is right for your circumstances
• Assistance with setup, including trust deed creation, registration, and investment strategy design
• Ongoing accounting, compliance, and audit coordination
• Strategic advice to help maximise retirement outcomes
We bring a personal, proactive, and expert approach to SMSF management—removing complexity while helping you remain in control.
Choosing an SMSF is not a one-size-fits-all decision. It depends on your financial goals, risk appetite, and capacity to manage or outsource the administrative load. But with the right advice and a clear plan, SMSFs can be a powerful vehicle for wealth creation, flexibility, and financial empowerment in retirement.
If you're thinking about setting up an SMSF—or simply want to explore whether your current strategy is working as hard as it could be—we’re here to help.
Talk to Attune Advisory today to make confident, informed decisions about your retirement future. Call the team today on 1300 866 113 or contact us via email here. You’ll be glad you did.
