BAS Due Dates 2024-2025: Everything You Need to Know
As a business owner in Australia, staying on top of your taxes is key to running your business smoothly. One of the biggest parts of that is knowing when your BAS is due. In this post, we will break down everything you need to know about BAS due dates for the 2024-2025 financial year so […]
A Retrospective Look At Temporary Full Expensing
As a business owner in Australia, understanding and leveraging tax benefits is a powerful tool that can help you take control of your financial resources and confidently navigate the business landscape. One benefit was the temporary full expensing scheme, which ended on 30 June 2023. This scheme significantly boosted businesses by allowing them to claim […]
What Is An Accountant?
“What is an accountant?” We often hear this, especially in the context of whether they’re any different from bookkeepers. Well, the truth is, accountants are responsible for a lot. So, in this article, we’re looking at everything you can expect yours to undertake, and how they quickly become the backbone of successful businesses […]
The 4 Different Types of Businesses in Australia
The 4 Different Types of Businesses in Australia Understanding Australia’s four types of businesses is imperative for anyone looking to tap into its diverse and dynamic business landscape. The country offers a wide range of opportunities for entrepreneurs and investors alike. But before embarking on any business venture in this promising land, it’s crucial to […]
Benefits of Tax Planning for Small Businesses
Understanding tax regulations can be challenging, especially when you’re a small business owner juggling many responsibilities. From overseeing daily operations to ensuring customer satisfaction, you have much on your plate. On top of that, the reality of taxes inevitably comes into play. You might often hear people emphasise the importance of tax planning and advise […]
Single Touch Payroll (STP): Revolutionising Payroll Management
In the not-so-distant past, Australian business owners like you faced the laborious task of manually reporting payroll information to the Australian Taxation Office (ATO). The annual reporting burden was time-consuming and often took up valuable resources, hindering efficiency and productivity. Recognising these challenges, the ATO introduced Single Touch Payroll (STP), a system devised to simplify […]
