by Cindy Su | Nov 28, 2024 | All, Business
For construction businesses in Australia, effective bookkeeping is essential for managing day-to-day financials and staying compliant with Australian Taxation Office (ATO) guidelines. In a sector known for its complex projects, fluctuating cash flow, and extensive...
by Cindy Su | Nov 27, 2024 | All, Property
On October 24, 2024, the NSW Parliament passed the Residential Tenancies Amendment Act 2024, introducing significant changes to rental laws. While these updates aim to balance the needs of renters and landlords, they also place new responsibilities on you as a...
by Cindy Su | Nov 21, 2024 | All, Business, Supers
Division 293 tax was introduced in 2012 by the Australian Taxation Office (ATO) that applies to individuals with income above a certain threshold. It imposes an additional 15% tax on concessional (pre-tax) superannuation contributions for those exceeding the...
by Cindy Su | Oct 14, 2024 | All, Property
As a landlord, you’ve likely felt the pressure of rising interest rates and personal cash flow challenges. These financial strains can make it difficult to service your investment properties. You may be considering increasing rent to alleviate some of this burden but...
by Cindy Su | Oct 8, 2024 | All, Business, Property, Uncategorized
As a business owner, protecting your personal assets from potential lawsuits is crucial to maintaining your financial security. The Australian Taxation Office (ATO) provides clear guidelines on how you can safeguard your wealth. In this article, we will explore seven...
by Cindy Su | Oct 2, 2024 | All, Business
What is a Non-Commercial Loss? The tax provision for a non-commercial business loss was designed to address a sole trader’s, or a partner in a partnership’s, loss from a secondary business that isn’t the person’s main source of income. Generally, these losses...
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...
