There is some very welcome news for Australian business owners, with the turnover threshold for one of the key Small Business Capital Gains Tax (CGT) concessions increasing from $2 million to $10 million from 1 July 2027. For many growing businesses that have previously been too large to access this concession under the turnover test, this is a significant change. What is changing? Australia currently has four Small Business CGT concessions that can substantially reduce, defer or, in some...

There is positive news for individuals looking to build their retirement savings, with several important superannuation caps increasing from 1 July 2026. The annual concessional contributions cap has increased to $32,500, while the non-concessional contributions cap has increased to $130,000. Eligible individuals may also be able to contribute up to $390,000 under the bring-forward rules. The general transfer balance cap has also increased from $2 million to $2.1 million. These increases...

For many business owners, rising sales feels like proof that the business is moving in the right direction. More jobs, more customers and more turnover usually sound like good news. But higher revenue does not always mean higher profit. We regularly see businesses working harder, turning over more, and still feeling pressure on cash flow. In many cases, the issue is not a lack of sales. It is margin leakage. Costs creep in, pricing falls behind, discounts become habitual, or stock decisions...