Posts by Romeo Caporaso
SMSF Property Borrowing Changes 2026: What the LRBA Ban Means for Property Investors
SMSF Property Borrowing Changes 2026: What the LRBA Ban Means for Property Investors By Romeo Caporaso FIPA – Registered Tax Agent, Tax Accounting Adelaide The rules for SMSF property borrowing have changed significantly in 2026. New restrictions on Limited Recourse Borrowing Arrangements (LRBAs) mean Self-Managed Super Funds can no longer use borrowed funds to purchase…
Read MoreFederal Budget 2026 Tax Changes Explained
Federal Budget 2026: The Biggest Tax Changes Since Budget Night By Romeo Caporaso FIPA – Registered Tax Agent, Tax Accounting Adelaide The 2026 Federal Budget delivered some of the most significant tax changes Australia has seen in many years. While many measures are designed to provide cost-of-living relief, there are also major proposed reforms affecting…
Read More2026 Tax Return Questionnaire – Download & Get Started
2026 Tax Return Questionnaire and Tax Return Checklist Many people search Google for what information they need before meeting their accountant. Our 2026 Tax Return Questionnaire and Tax Return Checklist helps employees, property investors, retirees, company directors and self-employed individuals gather everything needed to prepare their Australian income tax return. Whether you are lodging your…
Read Moreinsurance for your business
Insurance for Your Business: Understanding the Role of Insurance in Business Risk Planning Insurance is an important part of running a business — but it’s also an area where many business owners either over‑insure, under‑insure, or don’t fully understand how insurance fits into their broader financial and tax position. This page provides general information to…
Read Morehow to get new clients for a small business
How to get new clients month after month (without chasing or discounting) One of the most common frustrations for small business owners is the lack of consistency in new clients. One month feels busy and productive, the next feels quiet and uncertain. The problem usually isn’t effort — it’s the absence of a system. Getting…
Read MoreTake Control of Your Personal Finances
Take Control of Your Personal Finances Understand where your money is going — and align it with your goals Many people carefully track their business finances, yet have little visibility over their personal money. Over time, this can lead to uncertainty, missed opportunities, and difficulty building real wealth. This service applies the same discipline used…
Read Morehow to develop a business plan
How to Develop a Practical Business Plan (That Actually Gets Used) A business plan should be a decision‑making tool, not a document written once and forgotten. Many business plans fail because they are: too generic overly optimistic written for funding, not reality disconnected from day‑to‑day numbers A useful business plan is practical, grounded in numbers,…
Read MoreCommon Accounting Mistakes in Small Business (Avoid These)
Common Accounting Mistakes We See in Small Businesses (And How to Avoid Them) Running a business without accurate numbers is like driving with a fogged windscreen. You might be moving forward — but you’re guessing. Good accounting isn’t about “compliance only”. It’s your scoreboard: it tells you what’s working, what’s leaking, and what needs attention…
Read MoreATO relief for businesses impacted by rising fuel costs
ATO relief for businesses impacted by rising fuel costs Rising fuel and transport costs are placing real pressure on many Australian businesses, particularly those that rely on vehicles, freight, or fuel‑dependent supply chains. In response, the Australian Taxation Office (ATO) has introduced a temporary fuel‑cost support response designed to help eligible businesses manage their tax…
Read MoreClaiming a tax deduction for personal super contributions
Notice of intent to claim or vary a deduction for personal super contributions If you’ve made personal super contributions and intend to claim a tax deduction, the ATO requires you to complete a Notice of intent to claim or vary a deduction for personal super contributions. This notice must be provided to your super…
Read MoreATO Tax Agent authorisation process
Businesses must nominate their tax agent in Online services for business The ATO requires businesses and entities to formally nominate their tax agent through Online services for business before the agent can act on their behalf. This requirement applies when: appointing a new tax agent re‑appointing an agent changing the authorisations you give an existing…
Read MoreImportant tax law change affecting ATO debt from 1 July 2025
ATO tax debt interest deduction changes from 1 July 2025 From 1 July 2025, interest charged by the Australian Taxation Office (ATO) on unpaid tax debts will no longer be tax deductible. This change applies to: General Interest Charge (GIC), and Shortfall Interest Charge (SIC) The removal of deductibility increases the after‑tax cost of carrying…
Read MoreFeatures to love about XERO
Xero features that can save time for small businesses Xero is widely used by small businesses across Australia. The real benefit is not using every feature available — it’s using the right ones consistently and correctly. Below is a short video overview, followed by a practical explanation of the Xero features that many small business…
Read MoreSimple Explanation of Tax in Australia
Simple explanation of tax in Australia This guide provides a clear, plain‑English explanation of how tax works in Australia. It is designed for people who are new to tax returns, new to Australia, or who have always found tax confusing. Video: simple explanation of tax in Australia If you prefer, you can also watch a…
Read MoreWays You Didn’t Know Your Tax Accountant Could Help You
Ways a tax accountant can help beyond lodging your tax return Many people think a tax accountant’s role begins and ends with preparing a tax return once a year. In reality, a registered tax agent can assist in a much broader and more practical way. Below are some of the ways a tax accountant can…
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