Many people new to running a business and employing people are unsure about the difference between PAYGI and PAYGW. They are not the same thing! PAYG stands for ‘pay as…
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For your business to make money, you need to generate revenue. You produce revenue through your usual business activity, by making sales, getting your invoices paid, or taking cash from…
The taxable payments annual report (TPAR) reports to the ATO information about payments made to contractors for certain services. TPAR for the building and construction industry has been in place…
It’s tax time again – what can you claim to reduce your tax? In this blog, we’ll explain: Deductions you can claim The importance of a fantastic tax accountant The…
Small businesses are particularly vulnerable in tough economic times. When sales are slow, there are still overheads and salaries that need to be sorted. Pre-planning and being proactive can help…
There are some important changes to payroll this new financial year, including an increase in superannuation guarantee. We’ve included all of the changes and reminders you need to be aware…
As part of the Federal Budget 2020-21, the government announced a loss carry back measure to encourage new investment and work with the temporary asset expensing measures also announced at…
Is Your Business Eligible for JobMaker Payments? The JobMaker Hiring Credit scheme is designed to encourage businesses to employ additional young jobseekers aged 16-35 years. The hiring credit subsidises an…
What is the difference between a contractor and an employee and whose responsibility is it to get right? An employee works in the business and is integral to that business…
Turning a profit will be high on your list of goals as a business owner. And if you want to generate the best margins, that means keeping an eye on…