Goods and Service Tax (GST) Explained

Boosting Cash Flow for Employers

Boosting Cash Flow for Employers

During the economic downturn associated with the coronavirus, the Government will provide tax-free cash flow boosts of between $20,000 and $100,000.  This will be done through two sets of cash flow boosts delivered from 28 April 2020 to support employers to retain employees. Eligibility You will .....

Contractor Vs Employee

Contractor Vs Employee

Most of us understand the simple distinction between contractors and employees: An employee works in someone else's business - the business controls how, where and when they do their work, pays them a wage and superannuation, leave and other entitlements.  A Contractor runs their business, pays the.....

Are You Getting a Tax Payable Due to Your Student HELP Debt?

Are You Getting a Tax Payable Due to Your Student HELP Debt?

Having a HELP Debt can cause unexpected impacts on your tax returns.  The ATO has recently lowered the repayment threshold for all study and training loans. From the 2019/20 year compulsory payments begin if you repayment income is $45,881 or more. From 1 July 2019, all study and training loans .....

GETTING SET UP AS A SOLE TRADER

GETTING SET UP AS A SOLE TRADER

Are you thinking about becoming self employed?  There is some important information you need know about becoming a Sole Trader. You will need to get an Australian Business Number (ABN)  Having an ABN ensures no withheld payments when you issue an invoice.  Without quoting an A.....

Why you need to get Accounting Software

Why you need to get Accounting Software

Tax season will soon be on our doorstep and as a small business owner, you are probably dreading the throught of preparing your taxes.  Preparing a tax return isn't as simple as filling out a form.  A startling number of small business owners try to take care of their own taxes in order to save mo.....

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