BK Partners

EOFY isn't just about tax.

It's one of the few times during the year when business owners have an opportunity to review performance, understand where they stand financially, and identify opportunities for improvement.

Before 30 June, consider:
✓ Your current tax position
✓ Upcoming tax obligations
✓ Business profitability
✓ Cash flow and planning priorities

Our latest article explores the key areas worth reviewing before the financial year comes to a close. Read more:

Taxation and Advice Specialist accounting & advice for small to medium business

📢 The Federal Budget has introduced a number of proposed tax changes that may impact both individuals and businesses.

We’ve prepared a concise overview of the key measures announced so far — and what they could mean for taxpayers and business owners.

Our latest article covers:
• Proposed tax changes for individuals and businesses
• Early insights into potential implications

Read the full summary here:

Taxation and Advice Specialist accounting & advice for small to medium business

A recent ATO audit left a business with a $938,000 tax bill—all due to non-compliant vehicle logbooks.

If you’re claiming car expenses, it’s worth asking: would your records hold up under scrutiny? With many logbooks now expiring in 2026, it’s an ideal time for a quick check.

👉 Read more and ensure your records are compliant:

Taxation and Advice Specialist accounting & advice for small to medium business

If you’re considering downsizing your family home, you may be able to contribute some of the sale proceeds into your superannuation.

Unlike most super contributions, a downsizer contribution is exempt from the usual contribution caps and limits, making it an effective way to increase your retirement savings.

In our latest article, we're discussing:
→ how a downsizer contribution can strengthen your retirement savings while potentially minimising your taxable income
→ who may benefit and what the eligibility criteria includes.

Read the full article here:

SMSF and Superannuation Specialist accounting & advice for small to medium business

Own a holiday rental? New ATO guidance may impact your deductions. 🏡

From 1 July 2026, properties that are not genuinely available for public rental — or are used primarily for personal purposes — may no longer qualify for rental expense deductions under updated guidance from the Australian Tax Office.

Here's what you need to know about the proposed updates:

Taxation and Advice Specialist accounting & advice for small to medium business

From 1 July 2026, the Payday Superannuation legislation will come into effect.

What does this mean for employers?
Employers will be required to pay their employees’ superannuation at the same time as their wages.

Here's how you can ensure your business is ready:

SMSF and Superannuation Specialist accounting & advice for small to medium business

As the end of 2025 approaches, we're pleased to be finishing up another busy year here at BK Partners.

We'll be taking a short break over the festive season and our office will be closing from Tuesday 23rd December, and re-opening on Monday 5th January, 2026.

From our team, we wish you all a happy and safe holiday season and look forward to working with you in 2026!

Tax implications of selling depreciating assets: what you need to know

When selling assets (such as vehicles or equipment), people can be surprised to learn that tax may be payable on the sale, even when trading an asset for a similar one.

Why might tax obligations arise in these circumstances? Here's what you should know about depreciation rules 👇

Taxation and Advice Specialist accounting & advice for small to medium business

Division 7A tax rules can be complex to navigate as a business owner.
However, it’s important to ensure your business is compliant to prevent unexpected tax consequences.

In our latest article, we explain how Division 7A loans could impact your business and share insights on managing these scenarios.

Read more 🔗 https://www.bkpartners.com.au/news-articles/taxation-and-advice/what-is-division-7a

Need help navigating this? Contact us: https://www.bkpartners.com.au/contact-us

When the time comes to prepare your superannuation for inheritance purposes, it is important to understand the tax implications that can apply to payments to your loved ones.

Read our latest article to learn how you can minimise the “death tax” and plan for optimal inheritance benefits for your family: https://www.bkpartners.com.au/news-articles/smsf-and-superannuation/is-there-tax-on-your-superannuation-when-you-die-the-death-tax-explained