Introduction: Let’s take a closer look at the Australian Taxation Office’s (ATO) efforts to make sure employers follow the rules for super guarantee (SG) payments in the 2022-23 financial year. This blog will break down what employers need to do, what the results show, and share some interesting stories from the year. Overview of SG … Continue reading Superannuation Compliance: Understanding the 2022-23 Results
Introduction: Hey there small business owners! The clock is ticking on a great chance to fix your late tax filings. Lots of businesses have already taken advantage, and now it’s your turn! Let’s break down what this Lodgment Penalty Amnesty is about and why you should act fast. Who Can Benefit: If your business is … Continue reading Time’s Running Out: Get Relief for Late Taxes!
Introduction: In the ever-evolving landscape of business incentives, there’s a new player in town ready to supercharge your energy efficiency efforts—the Small Business Energy Incentive. As we bid farewell to the Technology Investment Boost, the Energy Incentive steps up with a compelling 20% bonus tax deduction on qualifying expenditures. In this blog, we’ll explore the … Continue reading Unveiling the Small Business Energy Incentive
In the ever-evolving landscape of business, staying ahead often means embracing digital transformation. Small businesses, in particular, can now find a powerful ally in the form of the Technology Investment Boost—a game-changing opportunity that offers a 20% bonus deduction on technology expenditure. Decoding Eligibility: What Qualifies? Navigating the intricacies of eligible expenditures can be daunting, … Continue reading Unpacking the Technology Investment Boost for Small Businesses
If you’re running a small business and you’ve made some money from selling assets (like property or equipment), there’s a fantastic tax break you might not be taking full advantage of the Capital Gains Tax (CGT) small business concessions. Here’s the lowdown in simple terms: 1. What’s the Concession? – These concessions can help you … Continue reading Don’t Forget About the Small Business Roll-Over Concession for Capital Gains Tax (CGT)
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
