It is easy to get caught out with superannuation, particularly when you are the owner of a business. With so many things to occupy your mind, superannuation may slip from the forefront. But as a business owner, you must pay…
There are enough bad things happening in the world today that the headache of an audit by the tax office is the last thing we all need! What is a tax audit? Every year you lodge a tax return for…
Did you know that there are 31 different business registers that a business or company may need to be registered with that are a part of ASIC? Some of these registers are being brought together, in what will be known…
Stapled Super Funds This year has seen a lot of amendments and changes to the rules governing superannuation funds and their providers by the Federal Government that may have an impact on how you as an employer deal with super.…
Thinking About Becoming A Contractor? ABNs, Sham Contracting, Agreements And More... Being a contractor offers flexibility, choice and more control over your own schedule. It also means that you have different responsibilities from other employees that you may have to…
Renovations and Repairs - Here’s The Tax Information You Need To Know As A Property Investor As a property investor, you might find yourself implementing repairs and renovation work onto a property to ensure that you are maximising its value…
UPDATED 13/08/2021 NEW: Small Business COVID Hardship Fund: $14,000 grants for eligible businesses experienced a 70% reduction in turnover between 27th May 2021 and 10 September 2021 compared to a benchmark period in 2019 available for businesses that were…
The inexpensive and profitable side hustle is under the ATO’s watchful eye when it comes to declaring income this tax season. With many gig economy workers often earning their income as independent contractors, the ATO warns that a failure to…
The latest Victorian Government support package (due to the circuit breaker lockdown) has been announced and applications are due to open on Thursday 3rd June 2021. The $460 million package is there to assist small and medium businesses as well…
It might be hard to believe it but June 30 really is just around the corner, and that means it’s time to start planning for tax time. Of course, we are gearing up for the end of financial year and…