As a business owner, staying ahead of financial changes is crucial for your success. The new financial year, FY25, brings several important shifts that could impact both your business and personal finances. Let’s explore these changes and how they might affect you, with a particular focus on property investment opportunities.
Tax and Wage Adjustments: A balancing act for business owners
The implementation of new tax legislation could lead to savings for many Australians. However, as a business owner, you’ll need to factor in the 3.75% increase in minimum and award wages. This presents a dual challenge: managing increased payroll costs while potentially benefiting from personal tax cuts. Understanding how to navigate this balance is key to maintaining profitability.
Superannuation Changes: Impact on your business and employees
The compulsory superannuation rate has increased from 11% to 11.5%. As an employer, you’ll need to adjust your payroll systems accordingly. This change also presents an opportunity to review your own superannuation strategy, potentially leveraging it for future property investments.
Energy Relief: A small but welcome break
A $300 energy rebate, distributed as $75 off each of your next four quarterly power bills, offers some relief against rising energy costs. While this may seem small for a business, every bit helps in managing overheads.
First Home Guarantee Scheme: An opportunity for diversification
As a business owner, you’re always looking for ways to grow and diversify your wealth. The enhanced First Home Guarantee Scheme, effective from July 1, 2025, presents an interesting opportunity, whether for your own property investment or to support your employees in their homeownership journey.
Key points of the scheme include:
- Increased availability (35,000 places)
- Low 5% deposit requirement with no Lender’s Mortgage Insurance
- Flexible options covering houses, apartments, and land packages
- Income caps of $125,000 for singles and $200,000 for couples
Navigating the Changes: Strategic approach for business owners
These changes require careful consideration and strategic planning. You need to balance personal financial opportunities with business obligations and growth strategies.
Consider how you can:
- Optimise your tax strategy in light of new legislation
- Manage increased wage costs while maintaining profitability
- Explore property investment opportunities, leveraging government schemes
- Use these changes to attract and retain talent in your business
Expert Guidance for Complex Decisions
Navigating these financial changes while running a business can be complex. We specialise in helping business owners like you make informed decisions about property investment and financing strategies.
Let’s schedule a consultation to discuss how we can optimise your financial strategy for FY25 and beyond, ensuring your business remains robust while you capitalise on new opportunities.