Business Growth Hub
Want business growth and success? As your partners in business we are here to help with our strategic advice and practical solutions.
How to Stay Ahead of Surprise Tax Bills
No one likes being caught off guard by a tax bill with an outrageous amount to pay to the ATO, especially when cash flow is already tight. It’s stressful as a business owner to have to fork out a huge lump sum that was completely unexpected. But it’s often completely...
Subcontractors vs Employees: What it Means for Your Books and Payroll
If you're running a building and construction business, one of the first big decisions you'll face is whether to bring someone on as an employee or engage them as a subcontractor. It might seem like a simple decision based on flexibility or cost, but it has a big...
Tax Tactics for Health and Wellness Businesses
As tax time rolls around, it’s easy to feel confused, frustrated, and worried that your tax bill will be more than expected. No one likes surprises brought on by the taxman. So knowing which expenses to claim, how to manage compliance, and what changes are coming up...
Tactics and Tax Tips for a Successful EOFY
For us accountants, it feels like just yesterday the financial year began. Yet here we are, with another EOFY coming to a close. Is your business ready? Have you compiled everything your accountant will require for a seamless end-of-year process? If you haven't, not...
Roadmap to Minimising Tax Liability Without Stress
Do you feel overwhelmed every time tax season rolls around? You're not alone. Many business owners find taxes daunting, but with the right strategies, you can navigate them smoothly and reduce your tax burden significantly. This guide offers a stress-free approach to...
A Quick Guide to Fringe Benefits Tax
Running a business takes focus, and tax admin doesn’t always top the list. But as the 2025 Fringe Benefits Tax (FBT) year ended on 31 March, now’s the time to ensure you’re across your fringe benefits obligations. FBT can be tricky, especially if you’re unsure what...
Growth iQ’s Breakdown of the 2025 Federal Budget and Its Impact on Small Businesses
Yesterday, the government released the new federal budget, which includes a series of modest yet impactful changes for businesses. Small businesses, already facing challenging conditions, have seen their contribution to GDP decline from 40% in 2006 to just 33% today....
Why Tax Planning is Essential for Protecting Your Wealth and Managing Your Tax Effectively
As the end of the financial year approaches, one of the most valuable things you can do is take a proactive approach to your tax, financial structures, and asset protection. At Growth IQ, we don’t just lodge tax returns after the financial year has ended—we work with...
Paying Too Much for a Business? Understanding Market Multiples For a Better Valuation
What is a company you're looking to acquire actually worth? Would you be paying too much, or could you be getting a great deal? Figuring out whether a company is worth the asking price isn’t always straightforward. Many investors struggle to make sense of financial...
Payroll Compliance: Protect Your Business & Unlock Growth
With the introduction of the new Australian Wage Compliance Code, business owners can no longer afford to treat payroll as an afterthought. Intentional underpayment can now be a crime. Mistakes, whether they are intentional or not, can result in serious penalties. The...