Introduction Your super fund is like a special savings account for your retirement. It’s important to keep it safe. But there are some people who want to trick you into doing things that could hurt your super fund. They might try to get you to pay less tax or take out money from your fund … Continue reading Protecting Your Retirement Savings: Watch Out for Tricky Schemes Targeting Your Super Fund
Introduction Do you spend money to learn new things and improve your skills? If you do, you might be able to get some of that money back through tax deductions. While tax laws don’t specifically say you can get deductions for learning expenses, some rules help decide if you can or can’t. In this blog, … Continue reading Tax Deductions for Self-Education: What You Need to Know
Introduction In the world of business, your brand is super important. It’s not just a name; it’s what makes your business unique and trusted by customers. That’s why having a trademark is not just a legal thing; it’s a smart move that can help your business grow. In this blog, we’ll talk about what trademarks … Continue reading Protect Your Business Identity with Trademarks
Introduction GST, or Goods and Services Tax, is like a special tax on things we buy and sell. Most businesses know a bit about it, but it’s important to understand it better to follow the rules and get the most out of it. In this blog, we’ll explain GST in simple terms and give you … Continue reading Making the Most of GST: A Simple Guide
Introduction Many Australians choose to manage their retirement savings through Self-Managed Superannuation Funds (SMSFs) because it gives them more control. But lately, there have been concerns about people using SMSFs in ways that could get them into trouble with the tax authorities. One area of concern is when SMSFs get involved in property development projects. … Continue reading SMSFs and Property Development: Be Cautious
Introduction: Do you have your own retirement savings plan called a Self-Managed Superannuation Fund (SMSF)? Sometimes, it can be tricky to manage it all by yourself, especially if your plan has changed over time. This blog will give you some simple tips for taxes and managing your SMSF in 2023. Whether you’re new to SMSFs … Continue reading Easy Tax Tips for Your Self-Managed Superannuation Fund in 2023
Introduction: If you’re a business owner and you offer extra perks to your employees on top of their regular pay, then this blog is for you. These extra perks are called fringe benefits, and they can help your employees save on taxes. However, you also need to deal with something called Fringe Benefits Tax (FBT). … Continue reading What You Should Know About Fringe Benefits Tax (FBT) for Your Business
Introduction: Effective financial management is crucial for business success, but it shouldn’t consume all your time and resources. Thanks to modern cloud accounting solutions, you can streamline your accounting processes, save both time and money and gain better control over your finances. In this article, we’ll explore three essential tips to help your business thrive … Continue reading Mastering Cloud Accounting: 3 Tips to Boost Efficiency and Savings for Your Business
Introduction: Positive cash flow is the lifeblood of any business. It’s like the beating heart that keeps your operations running smoothly. In this plain English guide to cash flow, we’ll break down what cash flow is, why it’s crucial, and how you can master it to take control of your business finances. What is cash … Continue reading The Plain English Guide to Cashflow for Your Business
Introduction In recent times, the Australian Taxation Office (ATO) has increased its focus on taxpayers with outstanding tax lodgments and debts. This shift in focus has led to heightened penalties for those who fail to meet their tax obligations. As part of the 2023–24 Federal budget, the ATO received increased funding to scrutinise taxpayers with … Continue reading Avoid ATO’s Increased Tax Penalties: Important Updates and Reminders
