by Roann Castro | Aug 12, 2025 | Bookkeeping, Business, Local government, Wealth Management
As the new financial year begins, keeping a close watch on your cash flow is essential for businesses in Winnellie, Northern Territory. This busy industrial and commercial precinct faces unique challenges—from fluctuating demand cycles to supply chain interruptions—that make managing cash flow crucial to staying competitive and resilient.
At Lowrys Accountants, we specialise in supporting Winnellie businesses to build strong, practical cash flow strategies so you can confidently tackle the year ahead.
Why Cash Flow Is the Lifeline of Your Winnellie Business
For businesses in Winnellie—whether in manufacturing, logistics, wholesale, or service industries—cash flow isn’t just a number on a report. It’s the lifeblood that keeps operations running smoothly. Accurate cash flow insight helps ensure you can pay staff, suppliers, and meet regulatory obligations without stress. In a fast-paced, often project-driven environment like Winnellie, unpredictable delays or slow-paying clients can quickly disrupt your cash position.
Practical Cash Flow Strategies for Winnellie Businesses
- Daily Cash Position Checks Keep You Ahead
Industries in Winnellie move fast, and so should your financial monitoring. Reviewing your cash balance daily or every few days helps catch potential shortfalls early and enables quick action. Lowrys can assist you in setting up custom cash flow reports tailored to your business and sector.
- Incorporate Local Industry Cycles into Forecasting
Winnellie’s economy is influenced by industries such as mining supply, warehousing, and transport—each with its own payment patterns and seasonal cycles. We help build realistic cash flow forecasts that reflect these patterns, ensuring you’re prepared for slower periods and ready to capitalise on busier ones.
- Establish a Cash Buffer for Project Delays or Supply Chain Issues
Unexpected events—like equipment breakdowns or delayed deliveries—can stall projects and strain your finances. A well-planned cash buffer, equal to a few months’ operating costs, can keep your business moving during tough patches. Lowrys works with you to determine the right buffer size and how to build it effectively.
- Streamline Invoicing and Improve Debt Collection
Invoicing promptly and managing receivables is vital to maintaining steady cash flow. Delays in payment can hit your working capital hard. We advise Winnellie businesses on automating invoicing processes and establishing clear follow-up procedures to keep payments on track.
- Forecast Tax and Superannuation Payments with Precision
Meeting ATO deadlines for BAS, GST, and superannuation is non-negotiable. Late payments can mean costly penalties. Lowrys ensures your tax compliance is seamless, with advanced forecasting to factor these payments into your cash flow plans—so there are no surprises.
How Lowrys Accountants Empower Winnellie Businesses
Our team understands the unique dynamics of Winnellie’s commercial environment. We provide:
-Customised cash flow reporting designed for your industry sector and business cycle
-Proactive financial advice tailored to Winnellie business challenges and opportunities
-Comprehensive tax and compliance support to keep your business penalty-free
-Strategic growth planning focused on optimising your working capital and cash reserves
Start the New Financial Year with Confidence in Winnellie
Cash flow management is about building resilience and agility in your business, no matter the economic conditions. If your Winnellie business is ready to master its cash flow and unlock new opportunities in 2025 and beyond, contact Lowrys Accountants today for a free cash flow health check designed just for you.
About Lowrys Accountants
Located in Darwin, Lowrys Accountants is proud to serve the businesses of Winnellie and the greater Northern Territory with expert accounting and advisory services. Our local knowledge and hands-on approach help our clients achieve lasting financial success.
by Roann Castro | Jul 1, 2025 | Bookkeeping, Business, Local government, Superanuation, Taxation, Wealth Management
As the financial year comes to a close, business owners across Darwin and the Northern Territory should be shifting focus from compliance to strategy. The end of financial year (EOFY) isn’t just about wrapping up accounts — it’s a valuable opportunity to sit down with your accountant and position your business for a stronger year ahead.
At Lowrys, we’re proud to be Darwin’s local accounting experts, helping Territory businesses navigate the nuances of tax planning, cash flow, and long-term growth. Here’s what we recommend discussing with your accountant as we move from EOFY to the new financial year (FY).
1. Review the Past Year’s Financials
Start by reflecting on your performance over the past 12 months.
Ask your accountant:
- Did we meet our financial goals?
- Were there any surprises in our tax liabilities?
- What did our profit and loss statement reveal about spending trends?
Understanding your financial story helps identify areas for improvement and opportunities for better financial control going forward.
2. Maximise Deductions Before June 30
Darwin businesses — especially tradies, sole traders, and small operators — often miss out on valuable deductions. Before June 30, consider:
- Prepaying expenses (e.g. rent, insurance)
- Writing off obsolete inventory
- Claiming depreciation on eligible assets
- Making super contributions for staff and owners
Tip: The NT’s unique economic activity and seasonal cash flows may impact when it makes most sense to time certain expenses. A local accountant like Lowrys understands this context better than most.
3. Get Clear on Tax Obligations for the Year Ahead
Now’s the time to plan for future obligations like:
- PAYG instalments
- Superannuation guarantee increases
- Fringe benefits tax (FBT) impacts
- Upcoming ATO changes (e.g. payday super)
Staying ahead helps smooth out cash flow and avoid nasty surprises.
4. Update Your Business Structure or Strategy
Has your business grown? Are you expanding into remote NT locations? Opening a new service in Palmerston or Katherine?
It may be time to:
- Consider switching from sole trader to a company or trust
- Reassess your ABN and GST obligations
- Revisit how profits are distributed
- Review how your business aligns with your personal wealth goals
5. Set Clear Financial Goals for the New FY
EOFY is the perfect chance to set strategic goals for the year ahead — not just for survival, but for growth.
You might want to discuss:
- Budgeting and forecasting for the wet and dry seasons
- Setting revenue and profit benchmarks
- Reviewing your pricing model
- Planning for upcoming capital investments
Having a roadmap with checkpoints and tax implications in mind helps keep your business on track — and accountable.
6. Leverage Government Incentives & NT Grants
Northern Territory businesses have access to several unique grants and government incentives that many other states don’t offer. Make sure you ask:
- Are there any NT-specific grants or rebates we can apply for?
- Can we take advantage of federal programs like the Instant Asset Write-Off?
A knowledgeable Darwin accountant can help you navigate both the federal and NT-specific programs available.
7. Talk About Your Personal Wealth Plan
Tax planning shouldn’t just serve your business — it should serve your life goals too.
Talk to your accountant about:
- Retirement and superannuation strategies
- Transitioning to SMSF (if appropriate)
- Asset protection and estate planning
- How your business profits fit into your long-term wealth creation plan
Book Your EOFY Planning Session with Lowrys Today
Whether you’re running a small business in Darwin CBD, expanding across the Top End, or just want clarity heading into the new financial year — the team at Lowrys is here to help.
We live and work in the NT, and we understand the local business environment. Let’s sit down and map out your next steps together.
📞 Get in touch with Lowrys today to book your EOFY planning session.
by Roann Castro | Jun 9, 2025 | Bookkeeping, Business, Taxation
As the financial year closes and a new one begins, it’s the perfect time to assess the true value of your business. Whether you’re planning for growth, succession, investment, or just ensuring you’re on solid ground, understanding how to value your business correctly is critical.
At Lowrys Accountants, we work with Darwin businesses and those across the Northern Territory to help them take stock and plan ahead with confidence. Here are the essential business valuation strategies every business owner should consider this EOFY.
Why EOFY is the Right Time for Valuation
The EOFY isn’t just about submitting tax returns – it’s a strategic checkpoint. Valuing your business now allows you to:
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Reflect on the past year’s performance.
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Reassess your goals for the new year.
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Prepare for funding, exit planning, or restructuring.
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Support tax planning and compliance with up-to-date financial insights.
1. Understand the Three Core Valuation Methods
There’s no one-size-fits-all approach, but the three main valuation methods include:
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Asset-Based Valuation
Ideal for asset-heavy businesses, this method considers the value of all business assets minus liabilities. It’s useful for businesses preparing for liquidation or restructuring.
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Market-Based Valuation
This approach compares your business with others in your industry. It’s often used in mergers and acquisitions or when benchmarking growth.
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Income-Based Valuation
Perfect for businesses with strong cash flow, this model forecasts future earnings and discounts them to present-day value – reflecting your business’s earning potential.
2. Factor in Intangibles and Local Market Position
Valuation isn’t just numbers on a page. Reputation, client loyalty, key staff, IP, and even your business’s standing in the local Darwin market all play a part in your overall worth.
EOFY is a great time to revisit these qualitative factors:
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Have you gained a stronger local market presence?
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Are your customer relationships stronger?
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Has your brand equity improved?
These elements could significantly increase your business’s appeal to investors or buyers.
3. Clean Up Your Financials Before Valuation
Make sure your books are in order before a valuation. At Lowrys, we recommend:
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Reconciling accounts and clearing old debt.
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Reviewing all major income and expense categories.
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Ensuring your financial statements reflect the true health of your business.
A clear and accurate picture of your business makes for a smoother valuation process and helps avoid surprises.
4. Use Valuation to Inform Your Business Goals
Valuation isn’t just a number – it’s a decision-making tool. Once you know your current value, you can:
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Set realistic revenue and profit targets for the new year.
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Create a succession or sale plan.
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Explore funding or investment options.
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Improve shareholder or partnership discussions.
5. Work with Local Experts Who Know Your Industry
Valuation is complex and best done in partnership with professionals who understand your industry and local economic environment.
At Lowrys Accountants, we go beyond the numbers. We tailor each valuation to your specific business, goals, and operating environment – especially relevant for NT-based businesses facing unique regional opportunities and challenges.
Ready to Value Your Business This EOFY?
Kick off the new financial year with confidence. Whether you’re planning to grow, sell, or simply want a clear picture of where you stand, we’re here to help.
📞 Contact Lowrys Accountants today to book a business valuation consultation.
by Roann Castro | May 13, 2025 | Bookkeeping, Business, Taxation
At Lowrys, we understand that for Darwin and Northern Territory businesses, the lead-up to the End of Financial Year (EOFY) isn’t just about ticking boxes—it’s a strategic opportunity to tidy up your books, reduce your tax bill, and prepare for a stronger financial year ahead.
With June 30 fast approaching, now is the perfect time to review your financials, ensure everything is in order, and make the most of available tax deductions. Getting organised early means fewer surprises and more opportunities to optimise your position.
Why Early Action Matters in the Top End
Running a business in the Northern Territory comes with unique considerations—from seasonal fluctuations to local market demands. Whether you’re operating in Darwin, Palmerston, Katherine, or remote regions, acting now allows you to make informed, timely decisions before the financial year closes.
From local tradies and hospitality operators to small business owners and sole traders, ensuring your books are up to date can mean the difference between a stressful June and a smooth, profitable EOFY.
What Your EOFY Bookkeeping Review Should Cover:
✅ Bank and account reconciliation – Confirm your records align with your actual financial position.
✅ Outstanding invoices and debts – Chase overdue payments and write off irrecoverable amounts.
✅ Review income and expenses – Categorise transactions correctly and spot deduction opportunities.
✅ Super and payroll – Ensure all superannuation obligations are met and payroll is compliant.
✅ Asset purchases – Take advantage of any instant asset write-offs before June 30.
✅ ATO deadlines – Stay on top of key dates and avoid late penalties.
Trusted Support from Your Local Advisors
At Lowrys, we’re proud to support businesses across the Northern Territory with hands-on, tailored bookkeeping and accounting services. Our Darwin-based team knows the local market and is here to help you meet your EOFY obligations with confidence.
From identifying tax-saving opportunities to ensuring your financials are ATO-compliant, we make it easy to stay in control. We don’t just crunch numbers—we provide clarity and peace of mind.
Let’s Get Your Business EOFY-Ready
There’s still time to take action, but it’s limited. By planning now, you’ll benefit from:
- Greater tax savings
- Accurate, clean books
- Stronger planning for FY26
Avoid the last-minute rush—let Lowrys help you make EOFY work for you.
👉 Contact us today or call 08 8947 2200 to book your EOFY review.
by Roann Castro | May 8, 2025 | Taxation
As the end of the financial year draws near, many Australians start thinking about their tax returns. For some, it’s a time of confusion and last-minute paperwork. For others, it’s an opportunity to review finances, reduce tax liability, and maximise returns. The difference lies in preparation.
At Lowrys Accountants, we help individuals, families, and business owners across the Northern Territory take proactive steps to stay compliant and make the most of their tax position. Here’s how you can prepare now and potentially save big before 30 June.
Understand What You’re Entitled to Claim
Knowing what you can legally claim is one of the easiest ways to reduce your taxable income. Work-related expenses—such as uniforms, tools, home office costs, and travel—can be deductible if they meet ATO guidelines. Yet, many taxpayers miss out simply because they don’t understand the rules or forget to keep receipts.
Business owners can benefit even more by claiming deductions for operational expenses like rent, utilities, insurance, equipment, and advertising. Engaging a tax professional ensures you aren’t missing out on valuable deductions that apply to your situation.
Keep Records in Order All Year
Accurate recordkeeping is essential—not just for tax season but for the long-term health of your financial affairs. Using cloud-based tools such as Xero, MYOB, or QuickBooks can make it easy to track income and expenses in real time.
If you’ve let your recordkeeping slip this year, it’s not too late to get organised. Our bookkeeping team at Lowrys can help you clean up your accounts, organise receipts, and make sure your documentation is ATO-ready.
Take Advantage of Superannuation Opportunities
One of the most overlooked ways to reduce tax and build long-term wealth is through superannuation contributions. Personal contributions—if made before the end of the financial year—may be tax-deductible, subject to contribution caps.
For employers, making timely super payments for staff can also be a smart move. Not only does it meet your legal obligations, but it could improve your business cash flow and avoid penalties down the track.
Invest in Your Business (the Smart Way)
If you’ve been considering upgrading your tools, purchasing new equipment, or investing in business technology, doing so before 30 June may bring significant tax advantages.
Depending on current legislation, certain assets may be eligible for instant asset write-offs or temporary full expensing. Timing your purchases correctly can turn necessary investments into valuable deductions.
Reassess Your Business Structure
If your business has grown, changed direction, or taken on new partners, your current structure might no longer be the most tax-efficient. It’s a good time to review whether operating as a sole trader, partnership, trust, or company still suits your needs.
At Lowrys, we can assess your structure, identify risks, and recommend adjustments that better align with your business goals and long-term tax strategy.
Avoid Surprises with a Pre-EOFY Tax Review
There’s no need to wait until July to find out what you owe. A pre-June 30 tax planning session can give you clarity, help manage your tax position, and allow time to implement savings strategies before the deadline hits.
Our team provides tailored advice based on your current financials, ensuring you’re well-positioned before year-end and not left scrambling at the last minute.
Work with Experts Who Know Your Industry
Every client’s situation is different, and our team at Lowrys understands the unique needs of individuals and businesses across Darwin and the NT. Whether you’re managing your own tax, running a small business, or navigating complex obligations, we’re here to help you prepare, plan, and save.
Book Your Tax Planning Session Today
Don’t let tax time catch you off guard. Get expert advice and peace of mind by booking a consultation with our team at Lowrys Accountants. We’ll help you navigate the end of financial year with confidence and potentially save more than you thought possible.
