2025 Federal Budget: Key Updates & What They Mean for You
The 2025 Federal Budget introduces key financial updates aimed at easing cost-of-living pressures, adjusting tax settings, and refining superannuation rules. These changes may impact your income, savings, and retirement strategy. Here’s a breakdown of the major...
NSW Business Owners: Apply for $1,000 SafeWork Rebate
If you’re a small business owner in NSW, you might be eligible for the $1,000 SafeWork Small Business Rebate. This government program helps businesses, sole traders, charities, and not-for-profits improve workplace safety by covering the cost of certain safety...
What to Do When an Employee Leaves
When an employee or independent contractor stops working for your business, your obligations don’t end immediately. You may need to process final payments, report them correctly to the Australian Taxation Office (ATO), and ensure compliance with superannuation and...
Division 7A Myths Debunked: What the ATO Wants You to Know
Division 7A of the Income Tax Assessment Act 1936 is often misunderstood by business owners. Many believe they can withdraw company money or provide financial benefits to shareholders without tax consequences. However, the Australian Taxation Office (ATO) has clear...
