Filing a tax return is an important task for everyone who earns money. After you file your tax return, many people feel anxious and want to know what is happening with it. Is it being processed? Has the tax office…
Running a small business can be rewarding — you’re your own boss, you control your work, and you have the chance to build something meaningful. But with that freedom comes responsibility, especially when it comes to managing money, paying taxes,…
Dealing with tax obligations during financial hardship is something more and more Australians are facing. In fact, recent research shows that 47% of people with debt have struggled to make repayments in the past 12 months — that’s about 5.8…
The end of the financial year (EOFY) in Australia is a very important time for individuals and businesses. It is time to finalise your financial records, report your income, and get ready for tax time. EOFY happens every year on…
Making a profit when selling something you own feels great. But one aspect you can’t skip is paying taxes on that profit. That’s where Capital Gains Tax (CGT) comes into play. CGT is the tax applied to the profit you…
Cash flow keeps your business alive. It pays the bills. It fuels growth. But staying on top of money in and out isn’t always easy. Costs can jump. Clients can delay payments. One small mistake can cause big trouble fast….
The ATO Notice of Assessment is an important document for everyone who pays taxes in Australia. It comes from the Australian Taxation Office (ATO) and tells you the result of your tax return. This notice shows if you need to…
Calculating withholding tax can seem tricky, but it’s an important part of ensuring that you and your employees pay the right amount of tax throughout the year. Withholding tax is the money that’s taken out of payments like salaries or…
Deciding whether to run your business as a sole trader or a company can feel tricky because both have positives and negatives. Every business is different, so the best choice depends on things like how big you want your business…
As an employer in Australia, understanding how to calculate payroll taxes is an important part of managing your business finances. Payroll tax is calculated based on the wages you pay to your employees, including salaries, bonuses, and benefits. Each state…