Super Guarantee Rate Rise

The super guarantee rate is set to rise in July this year. A increase to 10% means an additional cost to your business. It will mainly affect employer expenses and may affect salary packages – so you should speak to your accountant. The superannuation guarantee has stagnated at 9.5% since July 2014. However, there are […]

Changes To Tax Debt

The ATO have announced changes to Tax Debt procedures. It is sometimes possible to write off some or all of an individual’s ATO debt. This is referred to as a ‘release’ and can be applied when payment of the debt would leave you unable to provide for yourself, your family or others you are responsible […]

Bookkeeping Tips for Small Business & Entrepreneurs

Bookkeeping is an integral part of running a business and, when done correctly, can genuinely impact profitability. It is a systematic approach that requires skill and effort to analyse the numbers, keep track of everything, and do it well. It must be precise to deliver meaningful information. See below for our Good Bookkeeping Tips. What […]

2021-22 Federal Budget Business News

Some important Federal Budget Business News from the Treasurer tonight: In Summary : The Low & middle income tax offset is extended for another year providing a tax cut of up to $1,080 for incomes under $48,000 pa and phasing out at $90,000 pa, Stage 3 personal tax cuts are due to start 2024, The […]