OPTIMA PARTNERS

11/02/2025

From July 1, 2025, the general interest charge (GIC) and shortfall interest charge (SIC) will be made non-deductible, significantly increasing the cost of tax debt for businesses.

The ATO is making good on its commitment to crack down on non-compliance in the post-COVID era, and businesses will pay a high price if they choose to ignore the warnings.

Read more 👇

From July 1, 2025, GIC and SIC will become non-deductible, resulting in increased cost of tax debt for businesses

07/02/2025

A self-managed super fund (SMSF) is a popular method of superannuation management that allows for maximum control over the holder’s retirement savings.

However, investing with SMSFs can be quite complex, with strict regulations and rules with regard to investment options. Non-compliance with these regulations can result in severe financial and legal repercussions.

Read more 👇

navigating complex SMSF investment rules and regulations to ensure compliance and avoid financial and legal risks.

04/02/2025

Just a few to keep an eye on in February 📆

29/01/2025

On the final day of Parliament for 2024, the Senate moved to split the Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill 2023 to isolate the controversial Division 296 measure.

In its current form, this legislation could present significant complications for super investment strategies, particularly for self-managed super funds.

Read on to find out how this could impact SMSF strategies 👇

Optima Partners discuss the controversial Division 296 and its implications for self-managed super funds ahead of the 2025 Federal Election.

21/01/2025

Maintaining healthy cash flow is one of the most critical challenges for small businesses. Poor cash flow practices can quickly bury a business, with owners finding they don’t have enough cash on hand to continue business operations.

Here are some of the most common cash flow problems for businesses, and strategies to solve them.

Optima Partners explores common cash flow problems for small businesses and offers strategies for improving forecasting, invoicing and more.

16/01/2025

At the halfway mark of the 2024-25 financial year, it’s time to start considering your tax obligations and preparing for your upcoming tax obligations and the end of the financial year.

We invest heavily in our tax team, and our clients see the benefits. We can help you maximise your tax efficiency, understand your obligations and put your affairs in order.

14/01/2025

ASIC declared its 2025 enforcement priorities in November. ASIC’s enforcement priorities shift slightly year-on-year to reflect emerging risks and economic factors.

The common theme is the increase in director duties and the governance obligations of company directors.

ASIC's 2025 enforcement priorities highlight a focus on misconduct, director duties and emerging risks with increased scrutiny on businesses.

03/01/2025

📅 A few important dates to keep in mind for the new year.

19/12/2024

Self-managed superannuation funds (SMSFs) are a passion of ours at Optima Partners.

We have a dedicated, experienced and innovative team of SMSF specialists to support you – from setup, accumulation and pension phases to the eventual wind up of the fund.

There are many potential benefits to a self-managed superannuation fund, especially for those who want greater control over their retirement savings.

Contact us today to discuss the best opportunities for your situation and get the most out of your super.

17/12/2024

A strong business requires strong leadership.

Leadership requires more than managing tasks or overseeing operations; it’s about guiding a team toward a shared vision while fostering an environment of trust, growth and innovation.

We explore key traits that define a strong leader and how these qualities contribute to building a successful, sustainable business.

Find out more 👇

Discover key traits of strong leadership that are essential for driving business success and sustainability.

13/12/2024

New wage theft and underpayments laws will introduce the threat of significant sanctions for employers found guilty of underpaying staff, regardless of intention.

Make sure you’re up to date to protect your business.

Find out more 👇

New wage theft and underpayment laws introduce severe penalties for employers, emphasizing the need for strict payroll compliance.

10/12/2024

Succession planning is often something that businesses will delay until times of crisis. However, without a firm strategy and prudent time management, it can be a costly and difficult process.

A succession plan is a key component of a successful business strategy, ensuring smooth leadership transitions with minimal disruptions and maximum business stability.

Find out more 👇

Explore seven best practices for effective succession planning to ensure smooth leadership transitions and enhance long-term stability.

05/12/2024

The festive season is a challenging period for businesses across many sectors.

Variations in operational costs and demand create a volatile and unstable environment that can be detrimental if not effectively managed.

Find out more 👇

Discover strategies to help businesses navigate common festive season challenges, including sales fluctuations, employee costs, and cash flow.

29/11/2024

📅 A few important dates to round out 2024 📅

28/11/2024

As a business owner, it’s important to understand your potential deductions well in advance of tax time.

We've compiled a list of the most common tax deductions for SMEs so that you can get ahead of the curve, maintain accurate records and streamline future lodgements.

Find out more 👇

Explore essential tax deductions for Australian businesses. Maximize your savings with our comprehensive guide to eligible expenses.

26/11/2024

The importance of good internal reporting systems can't be overstated. To make informed business decisions, your internal systems and client accounting software need to be accurate and prepared on a timely basis.

If you're not sure where to start, we're here to help. The team at Optima Partners is highly experienced in client accounting, with a broad knowledge base in various systems and software.

Contact us today to find the right solutions for your business.

20/11/2024

In the current economic climate, with corporate insolvency at record levels and increasing ATO scrutiny, it’s more difficult for business owners than ever before.

Without expert strategic management, careful financial planning and a deep knowledge base, success in business will be difficult and unlikely.

A business advisor can provide these crucial components and help put your business on the right path.

Find out more 👇

In a challenging economic landscape, strategic management and financial planning are crucial for success. Find out how a business advisor can help you.

14/11/2024

One of the most common causes of difficulties for our clients is poor recordkeeping.

If critical business documents are left buried in an inbox or in the bottom of a filing cabinet somewhere, there’s a high likelihood that you’ll be caught off guard by otherwise preventable roadblocks.

Poor recordkeeping can easily expose your business to fraud, non-compliance, tax debt and overall poor business health. Something as simple as a missing credit card statement can have massive implications.

Rather than spending hours digging through unlabelled drawers, allocate time and resources to healthy recordkeeping strategies. Always ensure that your records are secure, easily accessible and accurate. You can even use advanced software to automate and streamline the process for you.

Talk to us today to discuss the right recordkeeping strategies for your business.