When you’re starting or growing a business, choosing the right structure is critical—especially when it comes to tax. Two of the most common options are operating as a sole trader or setting up a company. Each structure has its pros and cons, and the best fit depends on your income, risk appetite, and long-term business […]
As the 30 June deadline approaches, now is the perfect time for businesses to get their finances in order and take advantage of key tax planning strategies. Whether you’re a sole trader, company, or trust, proactive year-end planning can help reduce your tax liability, improve cash flow, and ensure compliance with ATO requirements. This guide […]
We are nearing the end of financial year again. Here are some things to consider to reduce the tax bill or defer some of it to next year: Other things to consider before 30 June:
Fringe Benefits Tax (FBT) is a tax that is levied on the non-cash benefits provided to employees in addition to their salary or wages. FBT is a separate tax from income tax and is paid by the employer, not the employee. Here are some reasons why businesses should consider reviewing their fringe benefits: Compliance with […]
Finn McHugh Aussies could be forced to choose between superannuation and take-home pay under a proposal being considered by the federal government. The government will mull making an increase in superannuation optional, giving workers the choice to receive a pay rise instead, in a bid to resolve internal division over the issue. The move would […]
By Vu Tran To lay the foundations for future success, the are some key boxes all startups need to tick in the early growth stages, regardless of the nature of their business. Having participated in Y Combinator’s seed accelerator program, my co-founders and I gained some fantastic insights that helped put our edtech startup GO1 the right track right […]
By: Rod Myer Claiming back lost super held by the Australian Taxation Office could add $4200 to your retirement savings, according to new research. Research house Rice Warner has found that the amount of lost super ending up with the ATO – where it only earns the inflation rate – is growing because the maximum size of the inactive […]
By: ANTHONY KEANE CHOOSING a super fund or investment today means potentially considering thousands of options for your money, which is enough to turn many minds into jelly. We often become paralysed when faced with too many decisions, but experts say there are some simple ways to cut through the confusion. Jam, not jelly, is a […]
By: Michaela Clark If you’re a tradie and you’re wondering what the implications of the 2016 Federal Budget are for you, wonder no longer. Michaela Clark from the Tradies Business Show is here to break down the main points for you. Ok, I’m guessing you didn’t tune in to see the Budget live on Tuesday night! Rather than […]
BY: GAVIN SEQUEIRA Too often we hear of businesses going bankrupt and startups closing their doors because times are tough. Over 50% of small businesses fail in the first year and 95% fail within the first five years. But why is that? And more importantly what can you do to avoid this happening to you? The […]
