Spark Accountants

Spark Accountants Accountant in Eight Mile Plains

“The way we’ve always done it” can quietly become one of the most expensive habits in business.Markets change. Costs cha...
10/06/2026

“The way we’ve always done it” can quietly become one of the most expensive habits in business.

Markets change. Costs change. Technology changes. Client expectations change.

But many businesses keep operating exactly the same way they did years ago.

Successful businesses tend to do one thing really well, which is that they stay curious. They review what’s working, question what isn’t, and adjust when something stops making sense.

Staying open to change isn’t risky. In many cases, it’s exactly what keeps a business moving forward.

A lot of business owners think if they’re busy, they must be doing well.But being flat out and being profitable are two ...
08/06/2026

A lot of business owners think if they’re busy, they must be doing well.

But being flat out and being profitable are two very different things.

We regularly see businesses turning over great revenue but still feeling constant pressure with cashflow. Usually it comes down to pricing, margins, or costs that have quietly crept up over time.

Being busy is great. Being profitable is better.

The goal isn’t just more work. It’s making sure the work you’re doing is actually building a stronger business.

The Federal Minimum Wage increase has been announced, and small business owners need to factor the change into their num...
02/06/2026

The Federal Minimum Wage increase has been announced, and small business owners need to factor the change into their numbers before the new financial year begins.

From 1 July 2026, the National Minimum Wage will rise to $26.44 per hour, or $1,004.90 per week for a full-time employee. Minimum award wages will also increase by 4.75%.

For businesses with staff, this may affect:

Payroll costs
Cash flow forecasts
Pricing
Profit margins
Rostering
Superannuation obligations
Budgets for the 2026 financial year

It is one of those changes that can seem small on paper, but quickly adds up across a team.

The best approach is to review your wages, update your payroll system, and look at the impact on your business budget now, rather than waiting until the first pay run in July.

Need help understanding how this affects your business? Speak with your accountant before 1 July.

Something we tell clients all the time is that your bank balance is not your profit.The bank account might look healthy,...
02/06/2026

Something we tell clients all the time is that your bank balance is not your profit.

The bank account might look healthy, but that money could already belong to the ATO, suppliers, wages, or upcoming bills.

This is why good financial reporting matters. It shows you what your business has actually earned, not just what happens to be sitting in the account today.

Understanding the difference is one of the biggest mindset shifts for small business owners.

💡 PayDay Super ReminderIf you have employees, paying their super is no longer something you can leave until the end of t...
27/05/2026

💡 PayDay Super Reminder

If you have employees, paying their super is no longer something you can leave until the end of the quarter.
Under the new PayDay Super changes coming into effect from 1 July, super will need to be paid at the same time as wages.

For business owners this will
✔️ Help employees build their retirement savings faster
✔️ Reduce the risk of missed super payments
✔️ Means your payroll systems need to be ready

For many small businesses, this will mean adjusting cashflow planning and payroll processes too.
You must review how your payroll is set up NOW so you're not caught off guard when the changes arrive.

If you're unsure how this will affect your business, we’re always happy to help.

As we come to the end of another financial year, it’s worth taking a moment to look beyond the tax return and ask a bigg...
27/05/2026

As we come to the end of another financial year, it’s worth taking a moment to look beyond the tax return and ask a bigger question: did your business actually move forward this year?

Revenue may have increased and the workload may have grown, but that doesn’t always mean the business became more profitable or easier to run. Sometimes the most important gains are better cashflow, clearer systems, and a stronger understanding of the numbers.

The beginning of a new financial year offers a natural reset. It’s a chance to reflect on what worked, what didn’t, and what changes could make the biggest difference over the next twelve months.

For many business owners, this is one of the best times to step back from the day-to-day and think more strategically about where the business is heading.

Restructuring isn't a dirty word. It's how a lot of businesses with great potential and big challenges get a second wind...
20/05/2026

Restructuring isn't a dirty word. It's how a lot of businesses with great potential and big challenges get a second wind.

The Small Business Restructure (SBR) regime under the Corporations Act is one of the more useful tools introduced in the last few years, and it's underused.

The basics: it's for incorporated companies with under $1M in liabilities, employee entitlements paid up, and a viable business carrying legacy debt. The directors stay in control while a plan is put to creditors.

The ATO is now actively pursuing more than $50 billion in small business debt, so SBR has become a legitimate pathway for businesses that are still good but stuck under a debt load they can't trade out of.

We're not pushing it as a default. But if you're juggling ATO debt, supplier debt and a still-good business, it's worth understanding before things become urgent. We can talk you through whether it's a fit, in confidence.

Quick PSA for anyone trading through a family trust. Talk to your accountant ASAP.The trustee resolution needs to be in ...
18/05/2026

Quick PSA for anyone trading through a family trust. Talk to your accountant ASAP.

The trustee resolution needs to be in place by 30 June (some trust deeds say earlier). Verbal intent is not a resolution.

This is on the ATO's annual review list. PCG 2022/2 changed how the ATO views Section 100A and 'reimbursement agreements', so the working assumption now is: distributions need a clear commercial reason and the funds need to actually flow.

If your trust has multiple beneficiaries with different tax rates, June is the month to model the distribution before signing. Once 30 June passes, the resolution is locked in.

As always, this is not personalised advice, which you should certainly seek before taking action on complex accounting decisions.

If you do nothing else in your books this week, do these three.1. Reconcile every bank account through to today. Unrecon...
18/05/2026

If you do nothing else in your books this week, do these three.

1. Reconcile every bank account through to today. Unreconciled transactions become panicked guesses in late June.
2. Review the suspense or uncategorised account. Anything sitting there at year end becomes a problem.
3. Match every supplier invoice to the right tax code. Miscoded GST quietly costs businesses thousands a year.

None of this needs more time, just a focused half-day. If your Xero or MYOB is a mess, talk to our team about how to fix this beore EOFY AND, how to stop this becoming a problem every year.

The 2026-27 Federal Budget in 6 quick wins for small business. Swipe through for more details or give us a call for spec...
13/05/2026

The 2026-27 Federal Budget in 6 quick wins for small business. Swipe through for more details or give us a call for specific advice.

The $20K instant asset write-off, now permanent.
Two-year loss carry-back, also permanent.
New loss refundability for start-ups from 2028-29.
Personal tax cut from 1 July (16% to 15% on the second bracket).
New Working Australians Tax Offset from July 2027.
Reminder: PayDay super still kicks in 1 July 2026.

Save this for later, and remember to give us a call before you take action in your business.

Address

2/2 Clunies Ross Court
Brisbane, QLD
4113

Opening Hours

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

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