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We all know the old saying, “You’ve got to spend money to make money”. Small business owners know it particularly well! You invest a large amount of financial capital into your business to generate profit, like purchasing equipment, hiring employees, and marketing your products or services. These expenses and more can be claimed as tax…
Feeling the squeeze from rising prices, housing costs, and everyday expenses? You’re not alone. The good news is that the Australian Taxation Office (ATO) has introduced updated 2026 tax brackets in Australia, helping more Australian taxpayers keep a little extra in their pocket this financial year. The Australian Government will implement personal income tax cuts…
Whether you’re an Aussie business owner or an employee, you’re not likely to forget the end of financial year (EOFY) date! It can bring a flurry of paperwork, stress over meeting tax deadlines, and the challenge of getting all your financial records up to scratch. That’s a lot of pressure, making sure everything is perfectly…
Whether it’s a “buy nine, get the 10th coffee free” deal, happy hour, or a 12-month gym membership for the price of 11, we all love a perk! Fringe benefits are non-cash perks employers can offer sought-after prospective employees to make an employment position more desirable. But, there’s a catch- the Fringe Benefits Tax (FBT). …
Are you a first-time investor considering property investment for a steady income stream through rental yields? Or are you looking to expand your current property portfolio for long-term wealth growth? Whatever your motivation, property investment is an exciting arena to be in. However, choosing the right investment property financing option can be a challenge. This…
Attention homeowners and investors in Australia! Property tax might not be the most exciting topic, but it’s one you can’t afford to ignore! So, we’ve put together this guide to cover the essentials of calculating Australian property tax rates in a way that’s easy to understand. With our expertise, navigating property tax becomes less of…
Welcome to the world of Australian property tax, where understanding your obligations is as important as owning the keys to your property! This no-nonsense guide cuts through the jargon to give you the essentials: who is responsible for property tax, the method for its calculation, an overview of exemptions and deductions, and strategies for managing…
Do you have questions about Single Touch Payroll (STP), the revolutionary payroll system for Australian business owners? You’re in the right place! We’re here to help you understand What is Single Touch Payroll? How does Single Touch Payroll simplify my payroll process? How do I start a Single Touch Payroll? How do I check my…
Single Touch Payroll (STP) allows your business to electronically report payroll information to the Australian Tax Office (ATO) each time you pay your employees. This information includes wages and salaries, pay-as-you-go (PAYG) withholding, and superannuation. This system gives the ATO up-to-date employee payroll and superannuation information throughout the year and aims to make reporting more…
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…