As the Fringe Benefits Tax (FBT) year ends on 31 March, businesses should ensure their car mileage logbooks are up to date. Maintaining an accurate logbook is crucial for employers... read more →
February is here — school holidays are wrapping up, and most people are back at work. But while routines are settling in, smart businesses know this is the perfect moment... read more →
As the new calendar year begins, businesses often focus on fresh goals and opportunities for growth. However, one critical area that can directly impact success is employee retention. Keeping talented... read more →
Sometimes, staying with the same accountant doesn’t serve your financial goals as well as it could. Making a change might seem daunting, but the right accountant can bring fresh insights,... read more →
As the new year begins and the holiday season comes to a close, many business owners are transitioning back to work with fresh energy and renewed focus. The first few... read more →
As the holiday season approaches, many homeowners may consider renting out their homes or a part of them to earn extra income, particularly in areas with high tourist traffic. Platforms... read more →
The concept of business income has expanded far beyond traditional brick-and-mortar shops. Whether you run a digital store, offer services through an app, or even sell through personal ads, the... read more →
When it comes to work-related expenses, the Australian Taxation Office (ATO) allows employees to claim immediate deductions for depreciating assets that cost $300 or less. While this rule is straightforward,... read more →
For small businesses in Australia, managing superannuation payments for employees can be a time-consuming and complex task. Super guarantee payments must be made quarterly. However, the Australian Taxation Office (ATO)... read more →
If you're a contractor, freelancer, or self-employed, you’re probably already juggling multiple responsibilities, from managing clients to keeping track of your income. One area that often gets overlooked is superannuation,... read more →
Small businesses, especially family-run ones, require careful attention to payroll for closely held employees, such as family members, directors, and shareholders. The Australian Tax Office (ATO) mandates that all employers... read more →
Starting and running a business is an exhilarating journey filled with opportunities for growth and success. However, along the way, entrepreneurs inevitably encounter trials and tribulations that test their resilience... read more →
It’s important to be aware of how the tax-free threshold works, especially if you’re earning income from more than one job. Many people mistakenly claim the tax-free threshold from multiple... read more →
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 →
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 →