Every successful business starts with a simple idea. The journey from concept to a thriving enterprise, however, is fraught with challenges. For aspiring entrepreneurs, the key is not just having... read more →
Superannuation is a vital aspect of retirement planning in Australia, ensuring individuals have sufficient savings for their later years. One effective strategy to enhance your family's overall superannuation balance is... read more →
You may pay less tax with the tax cuts that have taken effect from 1 July. While the tax savings will depend on your circumstances, it’s important to think about... read more →
Finding yourself increasingly more busy as the EOFY approaches, particularly with meeting your tax obligations? It’s coming on tax time, so it’s time to ensure you’re prepared for your tax... read more →
As the end of the financial year approaches, businesses need to review their financial affairs and ensure compliance with regulatory requirements. Whether you're a newly established business, an existing one,... read more →
National Employment Standards Update From 1 January 2024, the NES included a right to superannuation contributions. This means that most employees covered by the NES can take court action under... read more →
In recent years, the superannuation guarantee (SG) has gradually increased by a set percentage. This increment is part of a continuous rise toward reaching 12% gradually, predicted to be achieved... read more →
As the year draws to a close, the significance of meticulous record-keeping cannot be overstated. It serves as the backbone of your year-end procedures, facilitating tax compliance, cash flow management,... read more →
Effective cash flow management is essential for the success and growth of any small business. Proper budgeting, forecasting, and managing finances ensure that your business remains solvent and can seize... read more →
The Federal Budget was handed down on 14 May 2024, and has outlined a number of changes that impact businesses, tax & superannuation. Instant Asset Write-Off Extended Small businesses with... read more →
In the latest federal Budget announcement, the commentary from Phillip Coorey, The Australian's Political Editor, captures the scene vividly: "Jim Chalmers is like a bloke who successfully dieted for two... read more →
The Sharing Economy Reporting Regime (SERR) represents a significant development in Australia's tax landscape, requiring certain businesses operating in the sharing economy to report specific transactions to the Australian Taxation... read more →
For businesses in Australia, providing fringe benefits to employees can be a valuable way to attract and retain talent, as well as incentivise performance. However, employers need to understand their... read more →
As the end of the financial year approaches, businesses face a flurry of tasks and responsibilities to ensure a smooth transition into the new fiscal period. To help navigate this... read more →
Significant changes are coming to your Pay As You Go (PAYG) withholding cycle, effective 1 July 2024. The Australian Taxation Office (ATO) regularly reviews PAYG withholding cycles based on businesses'... read more →
For businesses, maintaining profitability and financial stability is essential for long-term success. At times, this can lead to costs needing to be cut. However, cost-cutting initiatives often evoke concerns about... read more →
Selecting the right superannuation fund is a crucial decision that can significantly impact your financial future in retirement. With numerous options available, it's essential to understand the key factors to... read more →
There exists a persistent and concerning gender gap in superannuation. Women often find themselves disadvantaged compared to their male counterparts when building wealth for their golden years. Whether it is... read more →
The performance of your fund plays a pivotal role in securing your financial future. Superannuation is considered to be one of the primary sources for your retirement, after all. If... read more →
For businesses operating in Australia, navigating the intricacies of the Fringe Benefits Tax (FBT) is essential to ensure compliance with tax regulations and minimise financial liabilities. FBT is a tax... read more →