Good news for small businesses: the $20,000 instant asset write-off has now been made permanent. From 1 July 2026, eligible small businesses can immediately deduct the business portion of eligible assets costing less than $20,000, rather than depreciating the cost over several years. The change is now law. For business owners, this provides more certainty when planning equipment purchases and investing back into the business. Who can use the $20,000 instant asset write-off? T

For many trade business owners, growth seems straightforward. Take on more jobs, hire more staff, buy more equipment and increase revenue. Simple, right? Not always. One of the most common challenges we see among growing trade businesses is the assumption that higher revenue automatically leads to higher profits. In reality, there comes a point where adding more work doesn't necessarily mean making more money. In some cases, taking on additional jobs can actually reduce profi

For many Australians, Capital Gains Tax (CGT) can be one of the biggest tax liabilities they face throughout their lifetime. Whether you're selling an investment property, a business, shares, cryptocurrency, or another investment asset, understanding the CGT implications before you sell can make a significant difference to your overall tax outcome. The reality is that many investors and business owners focus on the sale price without fully considering the tax consequences. Un

Your business is growing. Revenue is increasing, the team is getting bigger and there's more work coming through the door than ever before. On paper, things look great. So why does it still feel like there's never quite enough cash in the bank? It's a question many established business owners ask. One of the biggest misconceptions in business is that higher revenue automatically means more cash. In reality, turnover, profit and cash flow are three very different things. A bus

Running a medical practice involves much more than delivering excellent patient care. As a practice owner, you're also running a business. That means understanding what's happening behind the scenes financially, operationally and commercially. Many practice owners focus on total revenue when assessing performance. While revenue is important, it doesn't always tell you whether the practice is operating efficiently, whether your team is being fully utilised or whether the busin

Growth is something most business owners strive for. More customers, higher sales, a larger team and new opportunities are all signs that things are moving in the right direction. But while growth can be exciting, it's important to ask an often-overlooked question: Is your business actually becoming more profitable as it grows? One of the most common issues we see is businesses increasing revenue without seeing a meaningful improvement in profit. That's because revenue and pr

Running a trade business means juggling jobs, quoting work, managing cash flow and looking after your team. But one area that often catches business owners off guard is penalty rates. Whether you employ apprentices, labourers, office staff or experienced tradespeople, getting penalty rates wrong can lead to unexpected wage back-payments, Fair Work investigations and costly penalties. The good news? Understanding when penalty rates apply is usually much simpler than people thi

Starting a medical practice involves far more than finding premises and treating patients. The technology you choose from day one can have a major impact on efficiency, patient experience, compliance, and profitability. Many practice owners focus heavily on clinical software but overlook the systems needed to manage appointments, billing, payroll, accounting, communications, and document storage. Choosing the right technology stack early can save countless hours and prevent e

Growing from a sole practitioner into a practice owner is an exciting step for accountants, lawyers, dentists, physiotherapists, psychologists, consultants and other professional service providers. At Rise Accountants, we provide business advisory services in Brisbane and across Queensland, helping professional service businesses understand their accounts and make informed growth decisions. When Is It Time to Grow Your Practice? Many sole practitioners reach a stage where the

Your cosmetic clinic might be generating strong revenue, practitioners may be booked out and clients may be returning regularly. But between wages, injectables, skincare stock, rent, equipment repayments, GST and tax, cash can leave the business just as quickly as it comes in. That is why managing cash flow is an important part of running a profitable and financially stable cosmetic clinic. Whether you operate an injectables clinic, skin clinic, laser clinic or a multi-servic

Growing a cosmetic clinic takes more than attracting new clients. Sustainable growth comes from strong financial management, efficient systems, a skilled team and a clear plan for expanding your services and profitability. Whether you own an injectables clinic, skin clinic, laser clinic or multidisciplinary cosmetic practice, understanding your financial position before expanding can help you avoid cash flow problems while building a stronger business. At Rise Accountants, we