by Ed Chan | Sep 20, 2024 | All, Business
The holiday season can be a boom for small businesses, but it also brings cash flow challenges. With increased demand, you’ll need to manage expenses for inventory, staffing, and more. Here are some key tips to help you maintain a healthy cash flow during this...
by Cindy Su | Sep 20, 2024 | All, Business, Supers
Superannuation (super) is a crucial aspect of financial security for employees in Australia. It ensures that workers have a safety net for their retirement, helping them maintain a comfortable lifestyle when they stop working. As an employer, it is your responsibility...
by Cindy Su | Sep 16, 2024 | All, Business
As the holiday season approaches, many small business owners begin organising their Christmas parties to celebrate with their teams. But while the festive spirit is in the air, it’s important to consider the tax implications of your celebration. In Australia, hosting...
by Cindy Su | Sep 13, 2024 | All, Business
With work-related expense claims high on the ATO radar, the Australian Taxation Office is stepping up to help and provide advice for taxpayers who aren’t quite sure what they can and cannot claim. The ATO have already flagged that over claiming of deductions is a big...
by Cindy Su | Sep 9, 2024 | All, Business, Trusts
As a tradesperson—whether you’re an electrician, carpenter, plumber, mechanic, or in any other trade—understanding your eligible work-related deductions is crucial for reducing your taxable income. Tradies can claim deductions for tools, vehicle expenses, protective...
by Cindy Su | Sep 2, 2024 | All, Business
What is Fringe Benefits Tax (FBT)? Fringe Benefits Tax (FBT) is a tax that you, as an employer in Australia, must pay when you provide certain benefits to your employees or their associates, such as family members. These benefits, known as “fringe...
