We know that starting a business comes with plenty of responsibilities – and one of the most important, yet often overlooked by our clients, is bookkeeping. Whether you’re running a small startup or managing a growing business, good bookkeeping practices lay the groundwork for good financial records, compliance, and long-term success. But what exactly is […]
What is Bookkeeping: Business Introduction Read More »
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
When you’re navigating the world of property investment or finance in Australia, you might come across a term that sounds complex but is actually quite common — cross-collateralisation. What Is Cross-Collateralization? Cross-collateralisation is when a lender uses more than one property as security for a single loan or multiple loans. In other words, your assets
What Is a Cross Collateralized Loan in Australia? Read More »
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 »
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
What is PAYG Income Tax Instalment 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 »
