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At Liston Newton Advisory, we are small business and franchise specialists. We understand you need someone to handle your tax so you can get on with running your business. We can do all that and much more.
We can help you take the next step with your business.
Get a free 90-minute video consultation. See how it works.
For over 40 years, we've been helping small businesses reach their goals with effective tax planning and compliance.
We can handle all your tax needs as well as providing a range of other financial services as your business continues to grow.
To give you the best small business taxation advice, we need to understand your business goals. We build long-term partnerships with all our clients.
We are always up to date with any developments which could benefit our clients, whether it's legislative changes, new technologies, or improving our processes.
At Liston Newton Advisory, we take pride in helping business owners get more out of their hard work. Our downloadable guides can give you an in-depth look at strategies and technologies that will help your business grow.
We love working with small businesses and helping them grow. Our services have a real, measurable impact on your business outcomes.
We provide tax advice and services which are informed by your business goals, so everything we do for you is designed to get your business where you want it to be.
If you're looking for small business tax deductions in Australia, our team can even travel to your premises to consult with you face-to-face. It's all part of our commitment to our clients.
We have worked with Liston Newton's Accountancy and Advisory Team for over a decade. During that time, our business has grown substantially both organically and through purchases. This wouldn’t have been possible without Liston Newton Advisory to assist with our business planning, providing proactive advice and ensuring our accounts were always compliant in a complex and volatile industry.
Liston Newton's Accountants analysed our financial and business situation and helped us implement strategies to improve our position. Their strategies turned our business from making a loss, to recording a 6-month net profit of 36 per cent. And we are now on track to show a 240 per cent increase in turnover over the next financial year.
Liston Newton helped us move our accounting over to Xero. Their Accountant managed the set up and training so we felt comfortable with the software. We now have all our processes streamlined which gives us improved visibility of our business performance. This has allowed us to open 2 more stores without a significant increase in administration effort.
We have developed a holistic approach to accounting and financial services. By gaining a deeper understanding of your business, we can give you the best advice on how you can achieve your goals.
Growing a successful small business is a long journey, and we're on it with you every step of the way. We can provide a wide range of financial services as your business moves through the different growth stages.
Find out how we do things
We have over 40 years experience working with small businesses and qualifications you can trust.
Small business taxation isn't fun or exciting, but we'll make sure it isn't a problem for you.
We restructured Papermill Media and moved them to cloud accounting. Papermill was listed at number 43 in the Australian Financial Review's Fast 100 List in 2017.
Take a lookWe have helped Cambridge Plumbing to manage and forecast cash flow. We've also provided the director with advice on wealth creation and asset allocation.
Take a lookAfter helping them transition to Xero, we conducted quarterly business coaching with Quality Energy and helped increase their profits by 90 per cent.
Take a lookWe built Safe T Pro a financial model to give them a clearer insight into their business performance, enabling them to scale without putting too much pressure on cashflow.
Take a lookSince engaging Liston Newton’s services, Kate Nixon has seen a 12x increase in revenue and has effectively scaled her business in a tax-effective way.
Take a lookWith Liston Newton’s help, Claudia Martin was able to sell her business tax-free, gain clarity in her retirement planning, and make smart investment decisions.
Take a lookAfter engaging Liston Newton's services, Chris & Leanne Roberts were able to purchase the B&B of their dreams by utilising their savings in the most tax-effective way.
Take a lookSee how Willow Urban Retreat owner Jeremy gained clarity over his business performance and reduced time-consuming tasks with help from the Liston Newton team.
Take a lookAlison Bartlett worked with Liston Newton’s lending team to help secure her dream holiday home on the Mornington Peninsula. We stepped Alison through multiple repayment scenarios and servicing calculations to determine how much she could responsibly spend on a new holiday home. Alison now treats her family to regular holiday getaways.
Take a look
One important benefit is an immediate tax deduction for each capital item a small business purchases for business-related use, up to a cost of $20,000 per item.
Another benefit is the reduction in a small business entity company tax rate from 30 per cent to 27.5 per cent.
You are considered a small business entity by ATO standards if you have less than $10 million in annual turnover.
Small businesses can have a variety of different tax structures in place, so there is no general rule on how much tax a small business will pay. The tax you pay as a small businesses will vary if you are under a trust, company, or partnership structure.
The deductions that any small business can claim varies from business to business. Each industry has specific expenses that relate to earning assessable income.
Under Section 8-1 of the Income Tax Assessment Act 1997, is specifies that you “can deduct from your assessable income any loss or outgoing to the extent that it is incurred in carrying on a business for the purpose of gaining or producing assessable income”.
Any business operator will need to consider registering for GST once they estimate that within any income tax year they will be exceeding $75,000 in annual turnover.
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