The Ultimate Guide to Establishing a Self-Managed Super Fund (SMSF): Process, Costs, and Compliance

Nonprofits play a vital role in strengthening our communities, addressing social challenges, and delivering services that create long-term impact. Yet behind their mission-driven work lies the constant challenge of managing complex financial responsibilities, often with limited resources, growing compliance requirements, and rising expectations for transparency. This is why outsourced accounting has become increasingly valuable for nonprofit organisations. By partnering with experienced accounting professionals, nonprofits gain access to specialised financial expertise, advanced reporting capabilities, and reliable compliance support, all without the cost of maintaining a full in-house finance team. With the right outsourcing partner , nonprofits can enhance accuracy, improve accountability, and receive strategic financial insights, allowing their teams to focus more on mission advancement and less on navigating intricate financial operations. Why Nonprofit Accounting Is Unlike Anyt...

If your organisation holds an ABN and is registered for GST, the ATO will automatically issue a Business Activity Statement (BAS) for each reporting cycle monthly or quarterly, depending on your obligations. For nonprofits operating in 2025, understanding how to accurately prepare and lodge a BAS is essential, especially as compliance standards tighten and lodgement deadlines remain strict. Even minor errors can lead to processing delays, penalties, or broader compliance risks. This makes it critical to maintain clear, well-organised financial records and ensure your organisation is always audit-ready. Whether your BAS is managed internally or supported by an outsourced accounting partner , having a firm grasp of the requirements helps streamline operations and allows your team to stay focused on delivering meaningful community impact. Why BAS Understanding Is Non-Negotiable for Nonprofits If your organisation has an ABN and is registered for GST, the ATO automatically issues a BAS ...

In today’s business landscape, the pace of change is relentless. Financial accuracy, compliance, and agility are no longer “nice-to-haves”  they’re essential for survival. And across Australia, more business leaders are realising that one of the smartest financial decisions they can make is embracing virtual bookkeeping . For years, traditional bookkeeping meant endless paperwork, physical ledgers, and the challenge of maintaining accuracy without inflating headcount or costs. But times have changed. The rise of cloud accounting tools and remote financial expertise has transformed the way businesses handle their books  and the results are undeniable. According to CPA Australia , over 65% of SMEs now rely on cloud-based accounting systems to improve efficiency and compliance. This marks not just a shift in tools, but in mindset, from reactive recordkeeping to proactive, insight-driven financial management . So, what’s driving this shift? And why are forward-thinking busines...

Australia’s payroll landscape is on the brink of one of its most significant transformations in decades. From 1 July 2026 , every employer will be required to pay superannuation at the same time as wages   not quarterly, not monthly, but every single pay cycle. It’s a simple concept with profound implications: super will finally move in sync with payday. The government’s Payday Super Reform is more than a compliance change, it’s a shift toward transparency, accountability, and financial discipline across Australian businesses. And while the change may challenge established cash flow routines, it also opens the door to smarter, more automated payroll systems that can drive long-term operational resilience. Why This Reform Matters For years, Australia’s superannuation system has relied on a quarterly contribution model  a structure that, while convenient for employers, has often left employees in the dark about unpaid or delayed super. According to Treasury estimates, near...