In Australia, the Pay As You Go (PAYG) income tax instalment system is a method used by the Australian Taxation Office (ATO) to help businesses and individuals manage their tax obligations by making regular payments throughout the year. This system reduces the likelihood of taxpayers facing a large tax bill at the end of the […]
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Running a successful business in Melbourne requires not only a great idea and hard work but also access to capital. Whether you’re a startup looking for initial funding or an established business seeking expansion, a business loan Melbourne can be crucial to achieving your goals. This guide will explore the different types of business loans,
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The minimum wage is a fundamental aspect of employment law in Australia, ensuring that employees receive fair compensation for their work. This article explores the current minimum wage, how it is determined, and its implications for employers and employees. Current Minimum Wage in Australia As of July 1, 2024, the national minimum wage in Australia
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A family trust is a vehicle used to protect assets, manage wealth, and ensure financial security for loved ones. Here’s a streamlined guide to setting up a family trust. What is a Family Trust? A family trust is a legal entity where a trustee (e.g. parents) holds and manages assets on behalf of specified beneficiaries
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When it comes to managing your investments and business ventures in Australia, understanding and minimizing Capital Gains Tax (CGT) can significantly impact your financial gains. CGT is levied on the profit you make from selling an asset, such as property, shares, or business assets. However, with the right strategies and guidance from a knowledgeable business
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High-income earners in Australia are one of the highest taxed in the Western World. Those earning over $180,000 are subject to a 45% marginal tax rate, plus the Medicare Levy. Fortunately, several strategies can help high-income earners legally reduce their tax liability. Melbourne business accountants such as Nobel Thomas can help. Here are some important
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