First Class Accounts - Wanneroo

02/09/2026

Payday Super changes more than just when super is paid.

It changes how you need to manage cash flow.

Super is now leaving your account every pay cycle (weekly or fortnightly), instead of once a quarter.

That means:

📊 Forecasting needs to account for super each payday
💰 Cash reserves need to cover more frequent outgoings
⚙️ Payroll software needs to be set up correctly

We help small business owners stay on top of payroll and cash flow.

📩 Message us and we can see how we can help.

28/08/2026

How much should you be setting aside for tax? 💰

It's one of the most common questions small business owners ask and unfortunately, there isn't a magic percentage that works for everyone.

As a general starting point, some businesses choose to put aside around 25–30% of their income, but the right amount depends on things like your business structure, profitability, GST obligations, deductions and overall financial position.

The biggest mistake isn't necessarily setting aside the "wrong" percentage.

It's not setting anything aside at all.

When tax money sits in your everyday business account, it's easy to see it as available cash and spend it. Then BAS or tax time arrives, and suddenly there's a large bill without enough money set aside to cover it.

A simple solution is to create a separate tax savings account and regularly transfer money into it as you're paid.

That way, when your tax obligations come around, the money is already there.

Think of it as paying your future self first.

And remember tax planning isn't about guessing a percentage. It's about understanding your numbers and planning ahead.

📩 Not sure how much you should be setting aside for your business? Get in touch and we can help you work through your numbers.

27/08/2026

New financial year, same bookkeeping setup?

If your business has changed (more staff, more transactions, new software) but your bookkeeping has not kept up, now is the time to review it.

we help businesses build systems that actually match where they are now.

📩 Message us.

26/08/2026

Had a really satisfying session today with a local NFP organisation that had just crossed the GST registration threshold for the first time.

In just over an hour we got Hubdoc set up for bill processing, walked through the full Xero batch payment workflow (including building and uploading the ABA file to their bank), sorted out the GST registration question (clean start from 1 September, no backdating needed), and even resolved a Xero access issue right there on the call.

One of those sessions where the client goes from "not sure how any of this works" to "I can actually do this" by the end. That shift is genuinely the best part of this job.

If you're feeling a bit overwhelmed by your bookkeeping systems or have been putting off a GST question, we can help.

Book a free one-hour consult at

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26/08/2026

Lodging BAS on time, every quarter, without errors.

That is what we do for our clients.

No scrambling for missing transactions. No guessing on GST. No last-minute panic.

📩 If BAS is something you would rather hand off, message us.

21/08/2026

A big revenue number doesn't always mean a profitable business.

What matters is what you keep after your expenses are paid.

That means understanding:

💰 Your profit margins
📊 Where your money is going
💸 Your cash flow
📈 Which expenses can be reduced or improved

Sometimes growing your business isn't about making more money.

It's about keeping more of what you already make.

And you can't improve what you don't measure.

📩 Want a clearer picture of where your business money is going? We're here to help.

20/08/2026

Monthly BAS is due on 21 August.

And from this year, the ATO is using expanded data-matching to automatically compare your BAS against other financial information.

Errors get flagged faster than before.

If your BAS is based on accurate, up-to-date bookkeeping, you have nothing to worry about.

📩 we prepare and lodge BAS for clients. Message us if you need some help and we will be happy to help.

19/08/2026

Before your accountant can lodge your tax return, your books need to be in order.

That means:
📂 Accounts reconciled up to 30 June
🧾 Receipts and expenses categorised correctly
💳 Payroll finalised and super up to date
📊 Reports that match your bank statements

The more organised your records, the faster and smoother the process.

📩 we help clients get ready for tax time. Message us and we will be happy to help.

14/08/2026

Financial self-care isn't just about saving money. 💰

Just like looking after your physical and mental wellbeing, looking after your finances requires regular attention, not just when something goes wrong.

For individuals and business owners alike, financial stress often comes from feeling like you're not in control.

A few simple habits can make a big difference:

💵 Know what’s coming in and going out
Understanding your income and expenses gives you a clear picture of where you stand.

📅 Pay your bills on time
Staying on top of regular commitments helps you avoid unnecessary late fees, interest and financial pressure.

🛟 Build an emergency buffer
Unexpected expenses happen. Having money set aside can help you deal with them without reaching for credit.

🎯 Set financial goals
Whether it's paying down debt, building savings, investing or growing your business, having a clear goal gives your money a purpose.

💰 Save consistently
You don't need to save huge amounts overnight. Regular contributions can build into a meaningful financial safety net over time.

The key isn't being perfect with your money.

It's being intentional with it.

Taking a little time to check your finances regularly can help you spot problems earlier, make better decisions and reduce the stress that comes from financial uncertainty.

So, when was the last time you gave your finances a proper check-up?

📩 If your finances feel like something you're constantly trying to keep up with, we're here to help you get organised and back in control.
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14/08/2026

This morning I spent nearly two hours with a sole trader in the trades industry getting their Xero file properly set up and honestly, the conversations that happen in these sessions are gold.

We worked through bank reconciliations across multiple accounts, got Hubdoc running so receipts and supplier invoices come in automatically, sorted out how to handle payment processing fees correctly in Xero, and talked through motor vehicle expenses and logbook requirements.

There was some mess we needed to fix where the client had coded transfers incorrectly.

Getting the foundations right in Xero makes everything downstream so much easier, BAS prep, end of year, cash flow, all of it.

If you're a sole trader wondering whether your Xero file is set up the way it should be, let's have a chat.