Ken Burk Archive
Small BusinessTax
Uncover the ATO's approach to tackling the $3.6 billion superannuation gap. Key insights on STP data matching, SGC, and employer compliance.
Financial UpdatesTax
Proposed Superannuation Tax Changes: Draft legislation increases tax rate on above $3m super balances. Those impacted should assess their personal impact. Stay tuned for updates.
Small Business
Mastering Salary Sacrifice Reporting. Discover the ins and outs of STP Phase 2's impact on reporting employee year-to-date amounts. Stay compliant and informed with this essential information for employers!
Financial Updates
What will the Australian community look like in 40 years? We look at the key takeaways from the Intergenerational Report.
Tax
Australia's tax refunds have reduced due to policy changes, impacting millions. This article explores the nation's high reliance on personal income tax and the effects on individuals, especially those with multiple jobs.
Small BusinessTax
Learn about the impact of Personal Services Income (PSI) on your tax return and deductions. Find out how to determine if your business qualifies as a Personal Services Business (PSB), claim deductions, and report your PSI based on your business structure.
Tax
On July 1, 2023, notable changes included an increase in the Superannuation guarantee, higher minimum wages, updated work restrictions for visa holders, expanded benefits for small businesses and families, and adjustments to pension and tax reporting requirements.
Small Business
Most employers have now moved over to Single Touch Payroll (STP) Phase 2 reporting. In fact, over 730,000 employers have started reporting STP Phase 2 information for over 10.8 million individuals!
Tax
Don’t let rising indexation on study and training loans catch you or your employees unaware. Earn that ‘World’s greatest boss’ mug by informing and advising your employees of the following key points.
Small Business
The Government has announced that it will enshrine a right to superannuation payments in the National Employment Standards (NES).
Small Business
Earn-out clauses for the sale of a business are increasingly common. We look at the positives and negatives that every business owner should consider.
Small Business
If you’ve provided fringe benefits to your employees or their associates between 1 April 2022 and 31 March 2023, it’s now time to lodge and pay your 2023 fringe benefits tax (FBT) returns.
