The property and construction industry is a major contributor to Australia's economy, with businesses ranging from sole traders to large businesses. It's also one of the top industries the ATO receive tip-offs about, particularly regarding tax and super compliance concerns.
On 1 July 2025 the superannuation guarantee rate increased to 12% which is the final stage of a series of previously legislated increases.
In support of young Australians and in response to the rising cost of living, the Australian Government has passed legislation to reduce student loan debt by 20% and change the way that loan repayments are determined.
It’s an exciting time when you think about hiring your first worker. But you will want to check the registrations you need and how to set up your business first.
Founded in 2019 by Melbourne friends Athan Didaskalou and Richard Li, July was born out of frustration with the luggage market. They saw two extremes: flimsy, cheap suitcases or overpriced luxury brands. July set out to fill the middle ground — design-led, durable, fairly priced luggage.
If you are a small business owner claiming deductions for the cost of digital products used in running your business then this is information that may help you stay on top of your deductions.
The Australian Taxation Office (ATO) is sending a clear message to businesses considering committing GST fraud, making dishonest claims and falsifying invoices.
It might be too late for this financial year, but you can start now to prepare for the next financial year to help improve your cashflow and be more organised, for both your business and your accountant.
The ATO is providing guidance, tools and tips so new business owners can grow their business with confidence.
The ATO is chasing $76 billion. One-third of that is owed by just 42,000 businesses – each with over $250,000 unpaid. SMEs alone owe $33 billion.
Google’s new AI Mode is a big leap in convenience by transforming search into something akin to a concierge service, but will this mean small business gets shut out?
The Productivity Commission (PC) is the Australian Government’s independent research and advisory body on economic, social and environmental issues affecting the welfare of Australians. Their work is organised around five core functions:
Both Labor and the LNP are working hard to try and win your vote. So where do they stand on various policies and what are they promising.
Running a company comes with responsibilities and obligations under the law. As a company officeholder you must act in the company's best interests and have a firm understanding of how to operate and meet your business obligations.
Life is hectic and we are all busy! Factoring in time for fitness can seem like an endless battle. "You do not need endless hours at the gym to hit the recommended 150-300 minutes of moderate-intensity physical activity per week.
This year marks the fourth budget being delivered by Treasurer Jim Chalmers, and it will also be the final budget by the current federal government ahead of a rapidly-approaching election.
“Succession planning, and the tax risks associated with it, is our number one focus in 2025. In recent years we’ve observed an increase in reorganisations that appear to be connected to succession planning.”
Instant asset write-off threshold will temporarily increase from $1,000 to $20,000 for 2023-24 and 2024-25 income years.
For most small and medium-sized enterprises (SMEs), borrowing money is the go-to strategy for funding their growth plans…
The key areas of ATO focus are based on the risks and issues identified through our intelligence collection, risk detection and analysis, and case work.
As 2024 ends and 2025 begins, there are some changes that your business should be aware of…
The Fair Work Commission has determined that a Philippines based “independent contractor” was an employee unfairly dismissed by her Australian employer…
The cost of living has eased over the past year but consumers are still under pressure. For business, planning is the key to managing Christmas volatility.
In broad terms, ETFs are managed (investment) funds that trade on the ASX or another registered exchange. Generally, when you invest in an ETF, you are purchasing units in a trust/fund which owns the underlying investments, rather than owning the underlying assets directly.
It’s really important for any business (brand new or well-loved) to think about whether they want to participate in yearly sales events and what benefits they will receive if they do.
Fringe benefits are non-monetary perks an employer provides to an employee on top of their wages or in the case of a salary sacrifice arrangement – in lieu of a portion of wages.
Small business has to shoulder some difficult choices when it comes to staying afloat. Do you maintain the same quality of products and produce teamed or do you….
Breaking up is hard to do. Beyond the emotional and financial turmoil divorce creates, there are a number of issues that need to be resolved.
Australia’s Medicare system makes health care seem fairly easy that we probably forget it’s partially funded by a levy that most working Aussies pay.
The Xero Beautiful Business Fund is back for 2024, shining a spotlight on the innovative efforts of small businesses striving for excellence. While entries have closed for this year and the winners will be announced in October, it’s great to have a look at what areas are being focused on.
