Start Strong with ATO: Setting Up Your Business for Success | Everglow for Startups or growing businesses
ATO x Chatswood Chamber of Commerce x Everglow Prosperity
Small Business Support - Business After Hours Session
Thank you to everyone who joined our July Business After Hours on 9 July 2026.
Following our earlier ATO session for established businesses ahead of the end of the financial year, this event marked the beginning of FY2026–2027 with a focus on startups, newly established businesses, and growing enterprises.
The session was delivered with the support of the Australian Taxation Office and Everglow Prosperity, the accounting and financial advisory firm led by our Honorary Treasurer, Panbo Ye.
More than 30 attendees joined us in person, while several members participated remotely via webinar. With refreshments provided throughout the evening, attendees had the opportunity to engage directly with the speakers, ask practical questions, share their own business experiences, and connect with fellow local business owners and professionals.
The evening was highly interactive and provided valuable opportunities for both learning and networking.
Practical Support from the ATO
During the session, ATO representatives Liam Brennan and Matthew Walsh shared practical information and resources to help entrepreneurs and small business owners establish strong foundations for their businesses.
The presentation covered:
- Key considerations when starting and setting up a small business
- The three most common issues encountered when establishing a business
- Frequently asked questions from entrepreneurs and business owners
- Five characteristics successful small businesses have in common
- Useful contacts and resources for further information and support
- Recommended next steps for new and growing business owners
The presentation gave attendees a clearer understanding of their responsibilities while also highlighting the range of support available through the ATO.
Business Structure, Tax, and Long-Term Planning
Following the ATO presentation, Panbo Ye, Founder and Director of Everglow Prosperity, CFP® and FCPA, expanded the discussion beyond compliance to address business structure, taxation, risk management, and long-term planning.
One of the key messages from his presentation was:
“Your structure today shapes your tax, risk and exit.”
Panbo also discussed the importance of understanding Division 7A, highlighting how seemingly minor mistakes involving company funds can result in significant and unexpected tax consequences:
“Division 7A: the $0 mistake that creates a $100,000 tax bill.”
His presentation encouraged business owners to consider not only how their businesses operate today, but also how their current decisions may affect future growth, asset protection, taxation, and eventual succession or exit planning.
 
Thank you again to Liam Brennan and Matthew Walsh from the ATO, Panbo Ye from Everglow Prosperity, and all the members and guests who attended, asked questions, and contributed to such an engaging evening.
A special thank you to Everglow Prosperity for generously hosting the session and preparing refreshments for our attendees.
For useful ATO small business resources, please visit here.
For presentation slides from Everglow Prosperity, please visit here.
To connect with Chatswood Chamber of Commerce on LinkedIn, please visit here.
We look forward to welcoming you to our next event and continuing to support our members in building stronger businesses, creating sustainable growth, and achieving better lives.
🌟Attendance Acknowledgement🌟
We gratefully acknowledge the following organisations and businesses represented at the session, listed in alphabetical order:
- Abadee Law Pty Ltd
- Ai Launch Studio
- Aude Consulting
- Australian Nursing Home Foundation Ltd
- Blandslaw
- DVT Mcleods
- Emilymax Legal
- ESGR
- Everglow Prosperity
- Grace Property
- Kanebridge Finance
- Ocampo Studio
- Optus Business Centre Sydney & Melbourne CBD
- Orient Media
- PKM Tax Professionals
- Prime Human Capital Consulting
- Quaternity Finance
- QX Compliance Advisory
- Shead Property
- Simplicity Loans and Advisory
- Westpac Commercial Banking
- Westpac Small Business Banking
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