The Trinity Accounting Podcast

Limited liability is real — but it's not absolute, and in 2026 the exceptions are being enforced harder than ever. This guide covers the two main ways a company's problems can reach a director's own assets, and how to close both doors. We cover: the Director ID regime — now a strict liability offence with penalties up to roughly $19,800, and ASIC actively prosecuting; the Director Pena...

For most community pharmacies, the biggest hidden liability isn't stock or the lease — it's payroll. The Pharmacy Industry Award is genuinely complex, and small errors compound silently until a back-pay bill lands and damages both profitability and reputation. This guide walks the traps owners fall into: failing to update pay rates each year; misreading the rules on penalty rates, overtime...

Most not-for-profit audits don't fail because someone was dishonest — they fail because of governance gaps nobody noticed until an independent reviewer went looking. This guide gives Australian NFP boards the practical fixes. We cover: knowing your ACNC size (the $500k and $3m thresholds that decide review vs audit, and the "size creep" trap); the recurring findings — poor segregatio...

The end of the financial year isn't just a reporting deadline — it's your last chance to legally shrink your tax bill for 2026. In this episode, Ramy Hanna, Principal of Trinity Accounting Practice, walks Australian small business owners through the moves that have to happen before 30 June, because most of them can't be claimed once the clock runs out. We cover the $20,000 instant asset write-off...

Paying wages is only half the payroll job — the other half is getting your team's super into their funds on time and reconciled correctly. In this episode of The Trinity Business Podcast, we walk through "pay super day" in Xero: exactly what to do after you've processed wages to send super off using auto super. What we cover: - The setup that prevents headaches — registering for...

Your pharmacy is full of stock — and that stock is your single biggest pile of cash, sitting still. This episode is about turning it back into money before year-end, and using the reset to fund your growth. We cover: - Why pharmacy is uniquely cash-intensive: the PBS reimbursement timing gap, high-cost drugs and the expiry clock - Stock turn as cash velocity — and why a blended number hides where...

Your organisation started in a church hall and now turns over half a million dollars — but is it still entitled to the tax concessions it's been claiming? In this episode we build the tax compliance framework every growing Australian not-for-profit needs. We cover: - Why "not-for-profit" is not a tax status — and the split between ACNC-registered charities and self-assessing non-char...

Are you confident your childcare centre's finances and compliance obligations are on track? In this episode, Trinity Accounting Practice discusses why every childcare centre should undertake a mid-year financial integrity and compliance audit. We cover: • Financial reporting accuracy • Payroll and superannuation compliance • Child Care Subsidy revenue verification • Cash flow management • Occu...

On paper, the business is making money. The P&L shows a healthy profit. So why is there never enough cash in the bank — and how do profitable businesses end up insolvent? In this episode of the Trinity Cashflow Health Check , we unpack one of the most dangerous blind spots in business: the gap between profit and cash. Profit is an accounting figure. Cash is what actually pays your wages, your...