Small Business Archive
Small Business
With the new financial year here, it’s time to check if your business needs to lodge a Taxable payments annual report (TPAR) for payments made to contractors
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.
Small Business
Remember, super guarantee (SG) contributions for your eligible employees are due by 28 July. Follow Ricky’s story in this article to learn more about your obligations as an employer.
Small Business
The 120% skills and training, and technology costs deduction for small and medium business have passed Parliament. We’ll show you how to maximise your deductions.
Small Business
For employers, incorrectly calculating wages is not portrayed as a mistake, it’s “wage theft.” Beyond the reputational issues of getting it wrong, the Fair Work Commission backs it up with fines of $9,390 per breach for a corporation.
Small Business
This tax time, the ATO are introducing a super health check – 5 simple checks to help employees manage their super.
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!
Small Business
Post the pandemic, many workplaces have shifted from fully remote, to a combination of remote and in-office work. Many employers have provided employees with work-related items such as laptops and mobile phones. Providing these devices shouldn’t trigger an FBT liability as long they are primarily used for work purposes.
Small Business
The small business lodgment penalty amnesty program was announced on 9 May 2023. The amnesty allows you to bring your outstanding tax returns and business activity statements (BAS) up-to-date.
PropertySmall Business
A friend’s accountant suggested that they could reduce interest on non-deductible debt by using company cash to offset their personal mortgage, then transferring the cash back by 30 June. Is this an acceptable strategy?
Small Business
The Government has announced that it will enshrine a right to superannuation payments in the National Employment Standards (NES).
Small Business
Your focus may be on your guests, but don't forget to book in regular time for your business obligations. It's important to keep your super guarantee (SG) obligations in check.
