If you're running a small business in Australia, you’ve probably heard the term “instant asset write-off” tossed around—especially come tax time, and more recently in the news. But what is... read more →
SIGNIFICANT IMPACT FOR BUSINESS - Legislation Passed: General Interest Charge (GIC) and Shortfall Interest Charge (SIC) to Become Non-Deductible from 1 July 2025 On Wednesday, 26 March 2025, Parliament passed... read more →
While many employees look forward to a year-end bonus, some employers take a different approach by offering shares to attract, retain, and motivate their teams during the year-end and year-start... 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 →
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 →
Starting a side hustle has become increasingly popular in Australia as more people seek additional income streams, personal fulfilment, or a way to test business ideas while maintaining their full-time... 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 →
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 →
Making the most of available tax deductions for your business can be an important aspect of starting the new financial year. It’s why planning and strategising with your tax advisor... 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 →
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 →
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 →
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 →
It's Valentine's Day and it's not just personal relationships that deserve attention. Australian businesses, irrespective of size, can use this occasion to reflect on their financial health and strengthen their... read more →
If you're a small business owner gearing up for retirement, selling your business can be a strategic move to give your nest egg that final boost. However, navigating the intricacies... read more →
The kids are back to school, workplaces are back to normal and business operations are underway for the year ahead. A new calendar year presents a perfect opportunity for entrepreneurs... read more →