News

Construction, property, and home repair businesses often supply vehicles to employees for personal and professional use. While these initiatives streamline business operations and help employees feel more connected to your company, the benefit can come at a cost to...

As an employer, you must make super contributions in line with average ordinary time earnings (AOTE) to employees’ super fund, preparing them for post-retirement life.  Employers and independent workers can make concessional contributions on income that has yet...

On March 27th, 2024, The Treasury Laws Amendment Bill involving the Support for Small Businesses, Charities, and Other Measures initiative was discussed in Parliament. While the changes need final approval by the House of Representatives, we could experience...

For a small business to thrive, it must curate a long-term financial strategy that starts at the foundation of every business’ outgoings–tax! Overlooking tax deadlines or reserving insufficient funds could inflict penalties with interest charges, damaging the...

Starting a small business is a whirlwind of turning your passions and talents into a flourishing business. You’re likely learning the ropes of marketing, procurement, recruitment, and more to keep your entity afloat.  While the above areas matter, it mostly boils...

The $20K instant asset write-off enables businesses to reclaim instant funds on assets, like agricultural equipment. In May 2023, the government announced that the asset value threshold would drop from $20,000 to $1,000. Fortunately, the Treasury Laws Amendment put...

Are you on top of your taxable payments annual reporting? Don’t worry; you still have time to organise your documents. With the deadline approaching on the 28th of August every year, the Australian Taxation Office (ATO) warns businesses against submitting documents...

Are you a business owner located in New South Wales with a thriving workforce? Do you offer workplace benefits and commit to superannuation fees? If you answered yes to one or more of the above, you could be liable for payroll tax. With the hustle and bustle of...

As an employer, it’s your responsibility to pay super contributions from the ordinary time earnings of your employees. The 11% you pay is the super guarantee, and making timely payments each quarter is essential. Submit the contributions too late, and you may find...

If you own a small business, you’ll know that the tax season can bring opportunity and exploitative opportunists. While you may often easily manage the tax season, it’s important to be aware of scams. Government bodies rightly state that scammers can make fake...