Articles
QLD Medical Centres: GST, Payroll Tax & Structuring — What You Need to Know
MedCo arrangements • Small business • Tax agent insights At a Glance Understanding these rules is essential for any medical practice operating in 2025 ...
Payday Super: What Small Businesses Employers Must Know
From 1 July 2026, Payday Superannuation (Treasury Laws Amendment Bill 2025) will require employers to pay Super Guarantee (SG) on payday, rather than quarterly—superannuation ...
Contractor or Employee? 2025 Rules for Small Business
If you’re running a small business in Australia, chances are you have hired a subcontractor at some point along the way. Unfortunately, calling someone ...
2025 Small Business Smart Tax Planning
As the financial year draws to close, small business owners, need to start planning their finances for the upcoming year. Let’s face it, running ...
Rental Property Loan Interest Deductibility – Redraw Vs Offset
When taking on significant investment debt, choosing between a redraw facility and an offset account can have significant lasting impacts. Getting it wrong can ...
Avoid These 7 Common Tax Mistakes Made by Small Businesses in Australia
As an Australian small business owner, staying on top of your tax obligations is crucial to avoid any costly mistakes. Here are some common ...
2023 Tax Return Working From Home Deductions Changes
The ATO has changed how working-from-home deductions can be claimed in your 2023 tax returns. This affects both business owners and employees that complete ...
What is Fringe Benefits Tax (FBT)?
What is a Fringe Benefit? A Fringe Benefit is something provided to an employee in addition to their wage. Essentially it is a non-cash ...
Small Business Structures: Trust vs Company
Choosing a business structure can be a daunting task, and trust me, it is something that you want to get right in the first ...
When To Register For GST?
As a small business, knowing when to register for GST is crucial to ensure that you remain compliant. By being ahead of the curve ...
Know Your Obligations as an Employer
Whether you’re hiring your first employee to help with your small business or you’re a well-seasoned employer, it is essential to know your obligations. ...
Tax Deductible? Christmas Parties and Gifts
Christmas is just around the corner, and we are all counting the days down until we knock off work for Christmas. Often businesses take ...
Responsibilities of a Director
In general, being appointed a company director is often a significant milestone in someone’s life. It usually means that small business owners have taken ...
How do I give TaxDigital Access to Xero?
Xero has changed the game for small businessess, with the ability to collaborate with your accountant on your live file. Xero is designed in ...
Cash Flow Vs Profit
So you’re looking at your Xero file and notice you made a huge profit (income less expenses = profit). Congratulations, great work! But, then ...
How to Register for a Directors Identification Number
Overview of DINs New regulations require that all existing and new Directors acquire a unique Director Identification Number (DIN). The Australian Taxation Office (ATO) ...
Why You Should Use a Registered Tax Agent
The age-old question… Can I lodge my 2021 tax return, or should I see a Tax Agent? As a Chartered accountant and registered tax ...
Tax Deductions for Sole Traders
Filing Tax Returns can often be a daunting task for sole traders. This is because of a lack of clarity regarding the process and ...
Feeling Taxed? Easy Tips to Manage Your Business Taxes
When you’re running a business, it’s easy—even normal—to get swept up in the hubbub of your responsibilities and activities. We hear about this from ...
Small Business Bookkeeping Tips for Beginners
Today, there are so many tools we can use to make life simple. This is true even when it comes to running a small ...
Small Business New Year’s Resolutions for 2021
With the end of 2020 fast approaching, businesses owners will be taking a break and reflecting on a wild year. COVID-19 changed everything for ...
Debits & Credits Explained
The first thing you need to understand is that the universal concept of double-entry bookkeeping which uses debits and credits is originally a made-up system. The ...