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Are you tired of complex payroll calculations? Say goodbye to this headache thanks to our user-friendly payroll calculator that simplifies the process for you. This calculator uses the latest Australian Taxation Office payroll formulas to help you efficiently calculate your employees’ wages, taxes, and deductions with less chance of costly errors, as manual calculations are…
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…
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…
As a restaurant owner, you want your financial records to be like a masterfully crafted, perfectly seasoned dish, with every number in its proper place and every expense accounted for. But let’s face it, in the fast-paced world of the culinary industry, your finances can sometimes look more like a chaotic kitchen after a Saturday…
Running a medical practice is no small feat. From diagnosing ailments to offering life-changing treatments, your plate is always full. But amidst the hustle of patient appointments and the commitment to improving lives, another aspect demands your attention- the health of your medical practice’s finances. The challenges of accounting for medical practices can be as…
The cha-ching of the cash register or the ping of an online sale is music to every retail store owner’s ears. But as the symphony of a thriving business plays, the accompanying notes of receipts, invoices, and financial statements can sometimes strike an off-key tune. When those complexities threaten to disrupt the harmony of your…
If you’re running a hospitality business- a bustling restaurant, a cosy pub, a vibrant club, or an inviting hotel- you already understand the distinct blend of exhilaration and exhaustion that defines this industry. Between the hustle and bustle of pleasing patrons are daily accounting tasks you must take care of. Accounting is the silent yet…
While your expertise as a lawyer lies in arguing cases and interpreting legislation, managing your law firm’s accounting processes is a completely different matter. The good news? The right accountants have experience putting accounting systems for law firms in place to help your business. In the upcoming sections, we’ll explore the specific financial challenges law…
Many of us use online platforms to find short-term holiday rentals, or to rent out a property for a little extra income. But did you know that any rental income that you earn in this way has to be declared to the tax office, and if you earn rental income on your primary place of…