This guide breaks down everything you need to know about payroll tax, from what it is and who pays it, to thresholds, rates, and tips for staying compliant. What is Payroll Tax? Payroll tax is a state or territory-based tax on employment. It is imposed on employers when their total wages exceed a certain threshold […]
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Whether you’re looking to protect assets, reduce tax liabilities, or plan for succession, setting up a family trust can offer significant benefits. In this blog, we’ll guide you through the key steps to setting up a family trust in Australia. What is a Family Trust? A family trust is a structure set up to hold
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The JobSeeker Payment is Australia’s primary financial support for individuals aged between 22 and the Age Pension age who are actively seeking employment or are temporarily unable to work due to illness or injury. The amount you receive depends on your personal circumstances, including your age, family situation, and income. Current Fortnightly Payment Rates (Effective
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A novated lease is a popular way for employees to finance a car using pre-tax salary, potentially reducing taxable income and saving money. But with changing tax legislation, electric vehicle incentives, and changing interest rates, is a novated lease still worth it in 2025? Let’s explore the pros, cons, and key considerations to help you
Is a Novated Lease Worth It in 2025? Read More »
A primary producer plays a vital role in the economy by engaging in agricultural, horticultural, fishing, forestry, and livestock activities. Whether you’re a farmer, a fisherman, or involved in any form of natural resource production, this blog will help you understand your tax and ATO obligations. In this blog, we’ll break down what it means
What is a Primary Producer? Tax, Tips, and Advice Read More »
Global Google searches for the word “tariffs” spiked dramatically between 30 January and 2 February 2025, a +900% increase to the previous 12 months. We look at what tariffs really mean. Who pays for tariffs? Tariffs increase the price of imported goods and reduce trade flows of that good or service. Traditionally used to
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The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees. FBT exemption for electric cars Employers that provide employees with the use of eligible electric vehicles (EVs) can potentially qualify for an FBT exemption. This should normally be the case where: The car is a zero
Fringe Benefits Tax (FBT) 2025: What you need to know Read More »
When it comes to structuring a business or managing tax obligations in Australia, a bucket company is a term that often comes up. But what exactly is a bucket company, and how can it be used effectively in tax planning? Understanding a Bucket Company A bucket company is a company set up to receive and
What is a Bucket Company in Australia? Read More »
Cryptocurrency taxation is a topic that often confuses investors and traders. Many people assume that they only need to pay tax when they cash out their crypto into fiat currency, but in reality, the Australian Taxation Office (ATO) has clear guidelines that extend beyond just cashing out. In this blog, we’ll break down when tax
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Transition to Retirement (TTR) is a popular financial retirement planning strategy in Australia that allows individuals aged 55 or older (depending on their preservation age) to access their superannuation while continuing to work. While TTR can offer benefits such as reducing work hours without sacrificing income (because one can draw upon their superannuation to compensate
What Are the Disadvantages of Transition to Retirement? Read More »
