Introduction: In the dynamic landscape of business, understanding and navigating through the intricacies of taxation is crucial. One such essential aspect for businesses is the Goods and Services Tax (GST). This comprehensive guide aims to shed light on how GST works and the obligations businesses need to fulfil to stay compliant. How GST Works: GST … Continue reading A Comprehensive Guide for Businesses
Introduction: In the dynamic world of employment, many individuals find themselves juggling multiple jobs or experiencing changes in residency status throughout the year. Understanding how to claim the tax-free threshold is crucial to managing your finances efficiently. In this guide, we’ll explore the intricacies of claiming the tax-free threshold in Australia, particularly when dealing with … Continue reading Multiple Jobs and Residency: A Guide to Claiming the Tax-Free Threshold in Australia
As we step into the final stretch of 2023, the Australian Taxation Office (ATO) has unveiled a roadmap for the Not-for-Profit (NFP) sector, outlining significant changes and initiatives set to shape the landscape in 2024. A Shift in Focus: One notable move is the transition of the NFP Centre from the ATO’s Private Wealth business … Continue reading A Look into Australia’s Not-for-Profit Sector in 2024
Tax time can be a challenging period for small businesses, but with the right tools and information, you can ensure a smooth and efficient process. The Australian Taxation Office (ATO) offers a range of resources to help you manage your tax and superannuation obligations. In this guide, we’ll cover essential information and updates for small … Continue reading A Guide for Small Businesses
Australia has just made a significant change in how people officially declare things, waving goodbye to traditional pen-and-paper methods. Led by Attorney-General Mark Dreyfus, a new law has been passed, making it possible for Australians to use digital execution, electronic signatures, and video-link witnessing for Commonwealth statutory declarations. This move towards digitization is a response … Continue reading Australians will save time and money by using digital statutory declarations
Understanding whether you’re considered a resident for tax purposes in Australia can be a real head-scratcher. It’s not just about holding a passport – it involves a complex web of factors. Let’s break it down in simple terms. What’s the Big Deal About Tax Residency? Being an Australian tax resident means you’re on the hook … Continue reading What You Should Know About Tax Residency in Australia
Introduction: Hey there, small business owners! If you’re looking for a win-win situation that involves levelling up your team’s skills and enjoying some sweet tax deductions, you’re in the right place. Let’s dive into the exciting Small Business Skills and Training Boost world. What’s the Buzz All About? Running a small or medium-sized business comes … Continue reading Give Your Small Business a Skills Boost and Save on Taxes Too!
Introduction Big changes are on the horizon for businesses in Australia, especially for those dealing with consumers and small enterprises. The Australian Consumer Law is getting a makeover to add more shields for the little guys against unfair contract terms. Starting from November 9, 2023, businesses need to be on their toes to ensure their … Continue reading What Small Businesses Need to Know About New Unfair Contract Laws
