Business Advice

For employers with no closely held employees: The due date for end-of-year STP finalisation is 14 July 2023.

The Safework NSW rebate is a $1,000 rebate available to NSW businesses with under 50 employees.

This article provides guidance on how to allocate the price paid for a business to its assets, with a focus on the tax implications for both the seller and the buyer

Once your accountant has added you to their ATO tax portal they will need the following information regarding your income and expenses

A novated lease is effectively an arrangement in which you lease a car and make repayments via salary sacrifice. This means that your repayments are pre tax and that you are getting a deduction for lease payments made.

You may be eligible for a 43.5% refund on certain expenses or a 38.5% non-refundable tax offset if you are a larger business.

When starting a new business one of the first tasks you will take on your strategic journey will be to set up a chart of accounts in your accounting system.

2021FY has seen the ATO slash individual tax rates which will naturally alter the way profits are distributed from company's to their shareholders and trusts to their beneficiaries.

The value/effort matrix is a simple matrix to consider when making decisions related to revenue generating activities. Always plan for the future and consider how the jobs / client / customers fit your long term strategy.

For some small to medium sized businesses the process of budgeting may seem to detract from the focus on core business activities, for others it is an essential process for growth.

There is a general misconception that hiring a contractor who provides an ABN means there is no need to withhold taxes or pay superannuation.

Functions and purposes of BAS and IAS reports

One friend recommends their bookkeeper to you, another recommends his accountant and another says you should go with his tax accountant / tax agent, what’s the difference?

Trade and construction businesses make up roughly 17% of small businesses in Australia. As a tradesmen’s business grows so does the need to track many administration functions in a more detailed way.

The share price of National Australia Bank is currently at a 6 year low after being rocked by a recent Royal Commission hearing, is now the time to buy?