News

In a move to ultimately strengthen its grip on timely super guarantee (SG) payments, the Australian Taxation Office (ATO) has introduced some punishments for any employers who fail to meet the SG payment deadlines or even submit super guarantee charge statements on...

As the festive period approaches and many people embark on some well-earned time off, businesses across the country get their party-thinking hats on to celebrate and reflect on the year passed.  Festive celebrations are vital in sustaining employee morale and...

As of 2023, the sugar guarantee (SG) fund is 11% of employees’ ordinary time earnings. It’s an employer’s responsibility to pay the correct super contributions on time and to the right outlets.  As part of the 2022–23 Corporate Plan, the ATO indicated the...

The post-pandemic landscape reveals gross debt increasing from $534.4 billion to $894.9 billion between 2019 and 2022, with about $5 billion in debt incurred by businesses missing their tax obligations.  So, how will the Australian Taxation Office respond to...

As a small business, managing obligations, such as tax, is key to sustaining financial health and identifying growth opportunities. The Australian Taxation Office offers various deductions with different criteria, allowing you to reduce your overall tax bill and...

As a small business owner, handling tasks digitally can significantly streamline financial management and record keeping. Unfortunately, where there’s light, there’s dark, with tech-savvy scammers exploiting this convenience.  The Australian Taxation Office...

Modern smartphones can handle complex tasks like mobile banking, invoicing, and managing calendars in your professional and personal life. Perhaps you’re in a profession, such as a delivery driver or estate agent, where a work phone is necessary, or you’re a...

The Australian Taxation Office defines “loan” under Division 7A as a form of credit or advanced payment that the receiver must repay under terms agreed with the lender.  Whether you’re part of a publicly traded company, a shareholder, or a lending party, getting...

Since 2022, over a quarter of Australian adults have worked from home (WFH). Although a precautionary measure during the COVID-19 pandemic, this flexible work approach works well for many companies and sole traders. WFH patterns help sustain a healthy work-life...

Have you taken a government-funded loan to pursue tertiary education or another higher-level qualification? Simultaneously, are you planning on receiving funding for training purposes? If yes, save a few minutes to review our most updated guide on changes to HECS-HELP...