How to select a default fund for your business
Business owners might be required to select a default fund for employees when they do not want to nominate their own superannuation funds…
Applying for small business income tax concessions
Businesses looking to save on tax for the financial year may consider applying for income tax concessions.
Businesses classified as a smal..
What types of income do you need to include in your business’ tax return?
Due to changing economic circumstances, businesses may be receiving income from sources they have never received from, and may be unaware ..
How to avoid SMSF disputes
Self-managed super funds (SMSF) can be vulnerable to disputes, especially when family members are involved.
SMSF disputes may be caused by..
Getting your money back from late-paying customers
Businesses can be heavily impacted by customers who cannot, or simply will not pay when payment is due. A single unpaid invoice can cause ..
JobKeeper to be extended
The Australian Government has announced that JobKeeper payments will be extended for a further six months after the initial 28 September 2..
The Government introduces JobTrainer and wage subsidies
The Government has introduced a $2 billion JobTrainer scheme, which aims to help businesses train or re-skill workers in Australian indust..
What circumstances permit early access to your super?
Early access to your superannuation is permitted under a few limited circumstances outlined by the ATO. In the case that you are experienc..
Common tax mistakes that businesses make
Meeting tax obligations as a business owner can be stressful and potentially expensive if done wrong. Certain mistakes warrant severe acti..
Amending fringe benefits tax return and updated exemptions
The Government has updated fringe benefits tax (FBT) exemptions to include travel in ride-sourcing vehicles under the existing taxi travel..