In Australia, the Small Business Restructure Rollover is a tax-deferral concession that lets eligible entities reorganise assets and equity without the immediate impact of capital gains tax.
This guide offers a deep dive into the rollover: how it works, who qualifies, the step-by-step process, accounting and trust structures, plus a detailed worked example. By the end, you’ll understand how to leverage this concession to optimise your structure, protect assets and maintain agility.
Small business restructuring involves making strategic legal, financial and operational changes to improve your company’s viability, competitiveness and long-term success.
Whether you’re facing cash-flow pressures or proactively planning growth, a clear, structured approach helps you adapt to market shifts, unlock new opportunities and safeguard stakeholder interests.
Understanding the Corporations Act 2001, AASB/IFRS standards and lodgement deadlines is essential for companies operating in Australia. Public entities, large proprietary firms and foreign‑controlled subsidiaries must prepare and lodge annual—and in some cases half‑year—financial reports, while smaller proprietary companies are generally exempt unless directed by ASIC or shareholders. These reports must adhere to stringent accounting and audit requirements overseen by ASIC, AASB and AUASB, with the ATO separately enforcing tax compliance. Non‑compliance can lead to administrative penalties, court‑ordered fines, director disqualification and reputational harm. This guide summarises who must report, the standards to follow, key reporting timelines and the consequences of failing to meet obligations.
Financial reporting is the structured process of gathering, analysing and presenting a company’s financial information over a defined period – often quarterly, semi-annually or annually – to provide a clear view of its financial health and operational performance.
Read more
Wondering how to make a family business succession plan that actually works? Start by defining your goals; who will take over, when the transition will happen, and how ownership will be structured. Then, involve your family early, clearly document responsibilities and timelines, and gradually step your chosen successor into leadership.
Once that’s underway, get expert advice. A business advisor can help structure the handover legally and financially, minimising tax and ensuring a smooth transition.
At M2 Corporate, we’ve guided countless family-owned businesses through smooth and successful successions. With decades of experience and industry recognition—including being finalists in the Australian Accounting Awards and winners of multiple Accountants Daily accolades—we bring a depth of knowledge that helps avoid common pitfalls in your succession planning and secure long-term success.
ATO audits can be stressful—but with the right accounting practices and business advisory support, they don’t have to derail your business. Whether you’re a sole trader, a growing SME, or managing multiple entities, understanding the ATO audit process helps you stay prepared and in control.
ATO audits are part of the Australian Taxation Office’s compliance strategy to ensure individuals and businesses are meeting their tax obligations. While they can feel intrusive, audits are often targeted based on specific triggers and conducted professionally. Knowing what’s involved means you can respond calmly, gather what’s needed, and minimise disruption to your business.
This guide explains what to expect if you’re audited, what triggers audits, potential penalties, and how both business accountants and business advisors can support you before, during, and after an audit.
Looking to take control of your business finances? Effective cash flow planning is key to making confident decisions, preparing for growth, and avoiding unnecessary financial stress. Whether you’re a sole trader or running a growing company, having a reliable strategy in place can be the difference between smooth sailing and a financial headache.
A well-managed cash flow strategy gives you clarity on when money is coming in and going out—so you can stay ahead of expenses, invest wisely, and navigate slower months without panic. It’s not just about surviving—it’s about setting your business up to thrive.
That is why our business advisors have prepared this simple cash flow planning guide and template.
Are you looking to scale your business or explore new markets? Our business advisors in Perth have outlined their most recommended business expansion strategies that can help your company thrive in competitive environments.
The best business expansion strategies involve thorough market research, strategic entry planning, efficient operational scaling, leveraging diverse funding options, embracing digital transformation, navigating global markets with precise legal and regulatory adherence, and customising solutions to fit specific business needs.
As a recipient of multiple industry awards, our business advisors have offered not only strategic guidance but also practical solutions that drive real results in this blog.
What is compliance in accounting? It refers to the practice of ensuring a business meets all legal, regulatory, and financial reporting obligations. This includes accurate record-keeping, timely tax payments, and adherence to Australian accounting standards. Compliance accounting safeguards businesses from fines, legal issues, and reputational damage by promoting transparency and accountability.
In Australia, compliance is not just a legal requirement but also a foundation for sustainable business growth. Companies must follow guidelines set by authorities like the Australian Taxation Office (ATO) and the Australian Accounting Standards Board (AASB) to maintain integrity and avoid penalties.
To help you ensure your compliance, our business accountants in Perth have prepared this helpful, simplified guide.
When you’re running a business, understanding costs – even, ironically, accounting costs – is crucial for planning and financial health. So, how much does an accountant cost?
Accountant fees can range from a few hundred Australian dollars per month for basic services to several thousand for comprehensive, ongoing support. The exact figure depends on your business size, complexity, and the level of professional guidance you require.
Below, our business accountants have outlined the typical cost of an accountant for a small business, medium business, or large business in an Australian context, outlining what’s usually included at each level.