Thinking About Buying or Selling a Business? Here’s How to Get the Structure Right Before You Commit
Every business owner eventually reaches a decision point where he thinks about buying or selling a business. There can be multiple reasons behind it, such as maybe you’ve found a business you want to buy and grow into something bigger. Maybe you’ve built something over the years, and you’re starting to wonder what selling a […]
5 Essential Pty Ltd Company Advantages You Should Know
Whether you’re operating as a sole trader, in a partnership, or are merely considering the alternatives, chances are you’ve found yourself contemplating whether “I should set up a company?” at least once or twice. This question is something we hear often here at SBX and is also one that rarely has the simple ‘yes’ or […]
Running a Family Trust? Here’s Why the ATO Wants You to Lodge Early
If you’re a trustee, tax time feels like just one more thing on your long list of tasks. From managing distributions, keeping beneficiaries happy, to running the actual business or investments behind the trust, lodging the trust tax return can slip to your to-do list instead of planning and filing it. The Australian Taxation Office […]
Tax Return 2026: What’s Changed and What You Need to Know
It is that time of year again, and once again, there are a few points that would confuse even the well-prepared taxpayers. Nothing critical, but little nuances that, unless acted upon successfully, will result in a loss of money or a stressful end of October. That is why our motto in SBX is to address […]
Director ID Changes Are Coming: What Australian Company Directors Need to Know Before 1 July 2027
For directors of Australian companies, keeping up with new regulations is an important part of building a successful business. One major change scheduled to happen is the need for companies to apply for a Director ID and submit it to the Australian Securities & Investments Commission (ASIC) from 1 July 2027 onwards. Although the change […]
Do You Need a Bookkeeper, Accountant or Both? (Easy Guide for Business Owners)
Running a business requires a lot of hard work and dedication. When you’re busy serving customers, managing employees, and growing your business, keeping up with financial paperwork can become stressful and difficult. If managing receipts and taxes is becoming stressful, you might be wondering: Do you need a bookkeeper, an accountant, or both? This simple […]
Common Mistakes During the Financial Year (And How to Avoid Them)
At the end of the financial year, people experience lots of stress and anxiety because they fail to manage their finances throughout the year, which can increase their liabilities and reduce deduction claims. Therefore, they experience various issues, such as compliance risks, missed deadlines, and cash flow issues during the end of the financial year. […]
Best Accountant for Small Business: How to Choose the Right Partner for Your Growth
When you operate a small business, it’s essential to manage day-to-day operations and make sound financial decisions as your company grows. An accountant for small businesses can provide data that you will use to make financial decisions; therefore, finding the best accountant is one of the best things you can do to invest in your […]