Following the results of the general election and recent comments from Treasurer Jim Chalmers, the proposed Division 296 tax a new 15% tax on superannuation balances over $3 million is expected to return to the legislative agenda when Parliament resumes. What is division 296 tax? The Division 296 tax is a proposed measure targeting individuals […]
The Australian Federal Government via the Taxation Office (ATO) is adopting a tougher approach to tax compliance and interest charge deductibility. Taxpayers will no longer be able to claim deductions for General Interest Charges (GIC) and Shortfall Interest Charges (SIC) incurred from 1 July 2025. This change affects all types of taxpayers while significantly impacting […]
As 30 June 2025 draws near, it’s the perfect time to get your year-end tax planning in order. Taking proactive steps now can help you maximise deductions, meet compliance obligations and reduce your tax bill. This article covers essential EOFY 2025 tax tips for individuals to help you finish the financial year with confidence and […]
As 30 June 2025 draws near, it’s the perfect time to get your year-end tax planning in order. Taking proactive steps now can help you maximise deductions, meet compliance obligations and reduce your tax bill. This article covers essential EOFY 2025 tax tips for small businesses to help you finish the financial year with confidence […]
Starting 1 July 2025, a new portable long service leave (LSL) scheme will take effect in New South Wales (NSW). Specifically designed for the community services sector, the scheme will allow eligible workers to accrue long service leave entitlements across multiple employers – addressing the industry’s unique employment patterns. This guide outlines who is covered, […]
Here’s What You Need to Know Before Taking the Leap Starting a charity is a great way to make a lasting impact on the world. The idea of building an organisation dedicated to solving a problem or supporting a cause can be incredibly fulfilling. But as with any meaningful endeavour, the journey of starting […]
Cash flow is the lifeblood of any business. It’s the movement of money in and out of your company, and understanding it is essential for financial health and long-term success. Whether you’re a small startup or a large corporation, managing cash flow effectively can mean the difference between thriving and struggling. Here are 5 tips […]
Starting a new business is an exciting journey, but it can also be overwhelming. Between creating a product, marketing, and growing your customer base, one thing that often gets overlooked is accounting. Proper financial management is crucial to your success, yet many new business owners find themselves struggling with the basics. To help you get […]
Breaking into the accounting profession can feel daunting, especially in a competitive job market like Australia’s. Whether you’ve just completed your degree or are transitioning into accounting from another career, there are clear steps you can take to stand out and launch your career with confidence. Here’s your all-in-one guide to help you land your […]
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