Streamlined Accountants

28/05/2026

Year-End Crypto Tax Prep: 5 Steps to Get Ready

Tax time is coming and, if you've been trading crypto, you need to act now. Here's your 5-step checklist:

Step 1: Gather All Your Trades
- Export transaction history from every exchange you've used
- Include buys, sells, trades, staking rewards, airdrops, everything
- Get the date, amount, and price in AUD for each transaction

Step 2: Calculate Your Gains and Losses
- For each trade, calculate the capital gain or loss
- Staking rewards and airdrops are taxed as income, not capital gains
- Keep a detailed spreadsheet (or use crypto tax software)

Step 3: Identify Your Deductions
- Trading fees and exchange fees are deductible
- Research and education costs may be deductible
- Losses can offset gains (and sometimes other income)

Step 4: Organise Your Records
- Keep all exchange statements and transaction confirmations
- Document the purpose of trades and investments
- Be ready to explain your strategy to the ATO if asked

Step 5: Book a Review
- Get professional advice before you file
- A tax accountant can spot deductions you missed
- They can also structure your future crypto activity more efficiently

The Reality:
The ATO has data-sharing agreements with major exchanges. They know what you've traded. Getting ahead of this now saves stress and penalties later.

Ready to tackle your crypto tax? Book a free review - link in bio. 🔐

24/05/2026

SMSF Audit Season: What You Need to Know

SMSF audit season is here, and if you're running a fund, you need to be prepared.

Here's what auditors are looking for:

1. Contribution Compliance
- Were contributions made by 30 June?
- Did contributions exceed the annual limits?
- Are there proper records of who contributed what?

2. Investment Reporting
- Are all investments properly recorded?
- Are dividends and capital gains reported correctly?
- Is the fund's asset allocation within rules?

3. Related Party Transactions
- Did the fund lend money to members or related parties?
- Were there any related party investments?
- Are all transactions at arm's length?

4. Record-Keeping
- Are there proper minutes of trustee meetings?
- Is there documentation for all transactions?
- Are bank statements reconciled?

5. Fund Governance
- Is the fund's trust deed current?
- Are there proper insurance policies?
- Is the fund compliant with superannuation laws?

The Good News:
If you've been keeping proper records and following the rules, audits are straightforward. It's the funds with sloppy records that face problems.

The Bad News:
Auditors are getting stricter. The ATO is cracking down on non-compliance.

Need help preparing for your SMSF audit? We've got you covered - reach out for a free chat. Link in bio. ✅

05/05/2026

Do you get to tax time and dread when we ask you for your receipts or proof of your deductible expenses?

Or maybe you have trouble just trying to remember what expenses you've had that might be tax deductible.

The good news is that the ATO has a free app available where you can record your expenses, work related car travel and work from home hours. You can even upload pictures of your receipts. Then when it comes to supplying us with your expenses for the year at tax time, there's a button to simply email us the details straight from the app.

Download the ATO app from the Google Play store or Apple App store. We've recorded some handy instructions on how to get started and enter your tax info if you get stuck 👇

ATO deductions app

15/04/2026

With rising fuel prices now is as good a time as ever to keep a vehicle logbook for your work related travel to maximise your tax deductions.

With rising fuel prices it's time to consider keeping a vehicle logbook to maximise your motor vehicle tax deductions.If you would like to talk to us about y...

31/03/2026

Understanding which business structure is best for you and your business is critical in creating tax effective strategies for your business. There is no one size fits all and something that is right for one business may not be right for yours

19/03/2026

Start understanding your business profit vs your business cashflow

17/03/2026

Tax rules shouldn’t feel like rocket science. Ever wondered if your business setup is really working for you? We break down compliance and reporting in plain English, so you can focus on growing your business, not decoding ATO jargon. Ready for clarity that sticks? Book your free discovery call today. 💡

11/03/2026

Unlock clarity in your business today.

Ever wondered what’s really driving your numbers? Imagine having insights that help you plan, pivot, and grow with confidence.

Management reporting isn’t just about spreadsheets. It’s about seeing the story behind your results—so you can make smarter decisions, faster.

Ready for clarity? Book a free discovery call and let’s talk business insights. 📈

23/02/2026

Profitability Review: 3 Questions to Ask Yourself

Your business is making money. But are you making the right money?

Here are 3 questions every business owner should ask themselves:

Question 1: Are You Pricing Right?

If you're not hitting your profit targets, pricing is often the culprit. Ask yourself:
- Are you pricing based on value or cost?
- Are your competitors cheaper? Why?
- Have you raised prices in the last 12 months?

Many businesses leave 20-30% on the table by underpricing. A small price increase can double your profit without changing anything else.

Question 2: Where's the Waste?

Every business has leaks. Money flowing out that shouldn't be.
- Which customers are unprofitable?
- Which products have the lowest margins?
- Where are you spending money that doesn't drive revenue?

A profitability review shows exactly where your waste is. Then you can fix it.

Question 3: What's Your Growth Lever?

You can't grow by doing more of the same. You need a lever.
- Is it a new product or service?
- Is it a new market or customer segment?
- Is it operational efficiency?

Without a clear growth lever, you're stuck at your current revenue ceiling.

The Reality:
Most business owners don't know their profitability by product, customer, or service line. They're flying blind.

The Solution:
A proper profitability review gives you the data to make better decisions.

Ready for a profitability deep-dive? Book your free strategy session - link in bio. 💡

20/02/2026

We're excited to share the launch of our new sister business.

Going beyond 'traditional' numbers, tax compliance and financial performance, Streamlined Business Excellence is positioned to deep dive into your business operations and find efficiencies to improve performance and profitability.

We’re live: Streamlined Business Excellence is officially open.

If your business has grown but your operations haven’t caught up, you’re not alone. Most teams hit the same wall: processes that don’t scale, tech that doesn’t talk, and numbers that arrive too late to act on.

That’s why we built a simple, integrated approach across three pillars:
• Process optimisation
• Technology and automation
• Financial performance

The goal is practical: less firefighting, more control, and results you can measure.

If you’re ready to move from surviving to thriving, book a free consult here: https://www.sbeconsulting.com.au