Navigating employee superannuation obligations can be challenging for small business owners in Australia. By following a simple checklist, you can avoid super guarantee charges (SGC) by ensuring you pay employees the correct amount, to the correct fund by the due date. Check workers eligibility Ensure every worker’s classification is accurate for super guarantee (SG) eligibility. Generally, […]
Author Archives: Coralie Kemp
31
Jul
Jul
The Taxable Payments Annual Report (TPAR) was created by the Australian Taxation Office (ATO) to curb the underreporting or non-reporting of income by contractors. Businesses and government entities that pay contractors may need to report these payments to the ATO by 28 August each year.
30
Jul
Jul
As a new financial year begins, it’s the perfect time to take a fresh look at your business operations and set the stage for success. Here are some essential tips to ensure your business starts the new financial year on the right foot: Starting the new financial year with these strategies will set your business […]
30
Jul
Jul
If your not-for-profit (NFP) organisation has an active Australian Business Number (ABN), it’s essential to lodge an NFP self-review return to access income tax exemption. This requirement begins with the 2023–24 income year. Read on to learn how to Navigate the NFP Self-Review Return for Tax Exemption in Australia. Understanding the NFP Self-Review Return The […]
17
May
May
From your very first idea about starting a business right through to exiting the business, there is a wealth of information at your fingertips. One of the most essential things to consider when running a business is that cash flow is king.
17
May
May
As the end of the financial year (EOFY) approaches, businesses are gearing up for the flurry of activities that come with it. From reconciling accounts to preparing financial statements, there’s a lot to manage. Following are some hints and tips to ensure a smooth EOFY process as you navigate year-end challenges.
