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Your upcoming tax calendar for May and June 2024
As we come to the end of April, we have our final 2 months to finalise tax planning for the 2024 income year. Despite the need for tax...
May 21, 20242 min read
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5 common accounting mistakes (and how to avoid them)
Starting a business can be a challenging experience, especially when it comes to managing your numbers and staying on top of your...
May 21, 20243 min read
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2024-2025 Federal Budget Highlights
The Federal Treasurer, Dr Jim Chalmers, handed down the 2024–25 Federal Budget at 7:30 pm (AEST) on 14 May 2024. Described as a...
May 15, 20244 min read
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The ABCs of bookkeeping
In today's digital times, you're probably used to having unrivalled access to your financial numbers, key performance indicators (KPIs)...
Apr 27, 20243 min read
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Contractor Rules for Medical and Allied Health Practices and Payroll Tax
Payroll tax audits and court cases during 2023 have brought the issue of payroll tax for medical practices into focus. Until recently,...
Dec 21, 20232 min read
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How much should you pay yourself?
Being the boss means you get to make all the big decisions about your business – including how much to pay yourself in wages, salary or...
Dec 5, 20232 min read
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The ATO agent nomination process
Because you are a new client, or your existing service arrangement with us has changed, you will need to nominate us as your official...
Nov 27, 20232 min read
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Client-Agent Linking (ATO)
We have received correspondence from the Australian Taxation office as follows: The security of your clients' tax and super information...
Nov 14, 20231 min read
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Small Business Instant Asset Write-Off This Financial Year.
If your business is eligible, it may benefit you to claim an immediate deduction for business assets bought and used this financial year....
Oct 12, 20232 min read
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Your business may be selected for ATO’s PAYG withholding compliance test.
From 1 July 2023, the ATO commenced an activity statement lodgment reminder program wherein 3,000 employers will be randomly selected for...
Oct 12, 20232 min read
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Your upcoming tax calendar for September and October
With nearly two months into the 2023–24 income year, by now most of you would have finalised your general ledger accounts in order to get...
Sep 17, 20233 min read
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Targeting a specific audience with your product – and why this adds value.
A business has to solve a need for an existing audience. If you don't know who that customer is, or what your business can offer them, it...
Jun 6, 20232 min read
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Get Your Business Records Ready for Your Tax Return 2023
Organising your documents now will mean you can get your tax return completed earlier and access any refunds due or start planning for...
May 26, 20232 min read
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Tax Tips for small businesses 2023
Common Tax Deductions for Small Business Are you claiming all the business tax deductions that you are entitled to? There are many...
May 26, 20232 min read
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Paid Parental Leave scheme Employer Toolkit
The Employer Toolkit can help employers prepare for their role in the Paid Parental Leave scheme. Source: https://www.servicesaustralia.g...
May 19, 20231 min read
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Financial tools and templates
https://business.gov.au/finance/financial-tools-and-templates?fbclid=IwAR1ByZIQ5Izv_rXpuoqDqJA8CA2vtpEFGT2p4_iD5R9DLXnl6dW18X9JO-4 Find...
Mar 7, 20231 min read
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What is FBT (Fringe Benefits Tax)
FBT is separate from income tax. It is a tax paid on certain benefits provided to employees or employees' associates, because of the...
Feb 9, 20231 min read
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What is GST
GST https://www.ato.gov.au/Business/GST/ Last modified: 05 Jul 2021 QC 22410 Goods and services tax (GST) is a broad-based tax of 10% on...
Feb 9, 20231 min read
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What is a tax (financial) advice service?
Introduction 1. From 1 January 2022, entities that provide tax (financial) advice services for a fee or other reward must be either a...
Feb 9, 20231 min read
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Payroll service providers
Introduction 1. This information sheet (TPB(I)) has been prepared by the Tax Practitioners Board (TPB) to assist payroll service...
Feb 9, 20231 min read
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