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The Empire Blog

Curated blog articles to help you keep you educated and informed in all things accounting, tax, bookkeeping and business related topics.

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SBSCH Is Closing: How Small Businesses Can Prepare for Super Changes

For those who may not be aware, the ATO’s Small Business Superannuation Clearing House (SBSCH) will permanently close on 1 July 2026. From 1 October 2025, new registrations will no longer be accepted. This is a major change that affects small businesses across all industries currently using the SBSCH to pay their employees’ super.

Debunking the CGT Discount Myth: What Investors Need to Know

Let’s break down what the CGT discount is, why it’s not always the best option, and what you should consider before choosing how to structure your investments.

Income You Must Report in Your 2025 Tax Return

The ATO is cracking down on unreported income in 2025. Learn which income sources you must declare in your tax return – from Airbnb and side hustles to crypto and overseas earnings.

Why Your Accountant Should be Involved In Your Business Strategy

Traditionally, many business owners only speak to their accountant once a year, and it’s usually right before tax time. If that’s the only time you’re checking in, you could be missing out on game-changing insights and support that could help you make smarter decisions all year round.

Why Every Business Needs a Plan

When you plan with intention - and pair it with accountability - you’re not just hoping things will work out. You’re building a business that will.

Common Bookkeeping Mistakes to Avoid

Let’s face it; bookkeeping isn’t the most exciting part of running a business. However, it’s one of the most important! Keeping your financial records in check not only helps you stay on top of your business but moreover ensures you're meeting Australian Taxation Office (ATO) requirements without stress or penalties.

How to Navigate New Reporting Requirements for NFPs

For Not-for-Profit (NFP) entities, understanding and adhering to new requirements can be a daunting task, especially with the ever-evolving regulatory landscape.

Understanding Director Loans for Small Businesses

Let’s break down director loans, how they affect your business, and what you can do to avoid common pitfalls. By following this article, you can understand more about Director's loans and why its so important it's done right so you don't land yourself in hot water with the ATO!

All you need to know about the FBT Exemption When Buying a Plug-in Hybrid Car (PHEV)

In this blog, we’ll walk you through the key criteria for qualifying for the FBT exemption, the costs that can be included, how to handle electricity expenses for charging, what you need to know about charging stations, and some common pitfalls to avoid as a business owner.

Client Feature: Easy Automated Sales

Easy Automated Sales is a brisbane based software business providing practical solutions for SME's.  We sat down with owner, Colin Feguson, to learn more about this product and how it can best help Brisbane small business.

Client Feature: Lord Mayor's Women in Business Grant 2025

Applications are now open for the Lord Mayor's Women in Business Grants for 2025.  Now in it's fourth year, the Lord Mayor's Women in Business Grant has supported the development of more than 250 women-led Brisbane businesses across a range of industries.  One of our valued clients, was one of these worthy recipients for the 2024 round and has kindly shared some words of her experience and the benefits she obtained from being a grant recipient.

Navigating the GST system for Health Service Professionals

Navigating the Goods and Services Tax (GST) rules in Australia can be a tricky process for small business owners in the health sector. If you're a doctor, speech therapist, chiropractor, psychologist, or any other professional in the healthcare industry, it's crucial to understand how GST applies to your services. We have summarised the most common scenarios for GST treatments for health practitioners.