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The Essential Single Touch Payroll Checklist

Running a business in Australia? Then you know how vital it is to keep your payroll in check.  It’s not just about ticking boxes for the tax man; it’s about steering clear of pesky fines and keeping your business running smoothly. Plus, it’s how you show your team they’re valued- by paying them correctly and…

What Is Asset Management?

New to the asset management game?  Think of it like taking care of a garden. Just as a gardener decides what plants to grow where, asset management is about choosing and looking after different types of investments. The main goal of asset management is making sure these investments grow and become more valuable over time,…

Payroll Tax Changes for Medical Practices – Get up to Speed

There has been a recent change to payroll tax that applies to medical practices and practitioners, including dental clinics, radiology centres, physiotherapy practices, and other similar businesses. It comes down to the State Revenue Office’s definition of ‘employee’ and ‘contractor’. It is the employer’s responsibility to deduct a percentage of each employee’s wages as payroll…

Actuary vs Accountant: Key Differences Explained

If the finance world were a superhero movie, in one corner, you’d have the Actuary, master of foreseeing financial risk. In the other, the Accountant, guardian of financial health and stability! Both deal with finances and are superheroes in their own right, but their powers are quite different.  Let’s find out the actuary vs accountant…

Understanding the Impact of Fair Work Act Changes on Your Business

The federal government recently announced changes aimed at closing loopholes in the Fair Work Act that allow for intentional underpayment of employee wages and entitlements.  As an accounting and business advisory firm, we want to help our small to medium business clients understand how these changes could impact their operations. Key Changes to the Fair…

Can I Get a Business Loan?

Are you tired of waiting for your business dream to take flight? A business loan could be your “plane” ticket, so to speak!  Don’t let confusion or doubt about the business loan application process hold you back. In this guide, we’ll break down the four steps you need to take to become a prime candidate…

Tax Lawyer vs. Tax Accountant: What’s the Difference?

Just like choosing between a GP and a specialist depends on your ailment, picking between a tax accountant and a tax lawyer depends on your financial situation.  Are you dealing with straightforward income and deductions, or are you wrestling with complex tax-related legal issues?  This article will explore the unique skills and areas of expertise…

What Is a Tax Agent?

Just as you wouldn’t drive through unfamiliar terrain without a GPS, you shouldn’t navigate the rocky roads of taxation laws and obligations without the guidance of a tax agent!  A tax agent is a certified professional who specialises in preparing, filing, and managing tax returns on your behalf. They understand tax laws, so they’ll keep…

What to Take to an Accountant for a Tax Return: The Ultimate Checklist

Being unprepared for your tax agent at tax time can lead to delays, extra fees, and a whole lot of stress. Forget one essential document, and you can be back to square one! But there’s no need to worry; we’ve put together the ultimate checklist for what you should take to your accountant for a…

Best Banks for Small Business Loans

Did you know that 97.3% of businesses in Australia are small businesses?  Small businesses are the unsung heroes of Australia’s economy, creating jobs and driving innovation in all communities. For your small business to thrive, knowing where to turn for financial support makes all the difference. So stick around as we guide you through the…