The superannuation guarantee rules are broad and, in some circumstances, extend beyond the definition of common law employees to some directors, contractors, entertainers, sports persons and other workers. Employers need to pay compulsory superannuation guarantee (SG) to those considered employees under the definition in the SG rules. But, the SG definition of an employee […]
Super guarantee rules catch up with venues and gyms Read More »
From 1 July 2026, personal income tax rates will change. On the last sitting day of Parliament, the personal income tax rate reduction announced in the 2025-26 Federal Budget was confirmed. The modest reduction of 1% applies to the $18,201-$45,000 tax bracket, reducing from its current rate of 16% to 15% from 1 July
If you’ve ever lodged a tax return in Australia, you would have received a document called a Notice of Assessment — or NOA. While it might not seem like a big deal at first glance, it’s actually one of the most important documents you’ll receive from the Australian Taxation Office (ATO). What Is a Notice
What Is a Notice of Assessment (NOA)? Read More »
Capital Gains Tax (CGT) rollover relief can be a valuable tool for business owners navigating the sale of their business. One key concept in accessing this relief is the “replacement asset”. But what exactly does this mean, and how can it help you defer paying CGT? Understanding CGT Rollover Relief CGT rollover relief allows you
What is a Replacement Asset for CGT Rollover Relief? Read More »
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
What is Payroll Tax: Your Ultimate Guide Read More »
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
How to Set Up a Family Trust in Australia Read More »
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,
A Guide to Business Loans and Financing Read More »
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
How much is the Jobseeker Payment in Australia? 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 »
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
Do You Only Pay Tax on Crypto When You Cash Out Read More »
