If you have forgotten to include something in your tax return or just made a mistake, you need to correct your tax return. How to track the progress of your tax return If you want to check the progress…
The YourSuper comparison tool has been updated for 2022. This means that individuals can now compare MySuper products and choose a super fund that meets their needs. The tool ranks the performance of these products by fees and net returns….
Maximising your tax return is crucial for hard-working Australians. Legitimate tax deductions are available for millions of Australians offered by the government. To maximise your tax returns, one must work on what can be claimed and what cannot. If you…
Stamp duty is a substantial upfront cost that adds up a substantial amount for first-time home buyers. According to the government, stamp duty alone adds up to more than two years of savings for first-time home buyers. What Is Stamp…
The End of the Financial Year (EOFY) is almost near. This is the prime time to dust off calculations, review the past, and prepare for the future. Whether starting a business or having been an employer/employee for years, the EOFY…
The Australian government highly encourages new businesses by aligning the tax systems and business laws with a culture of entrepreneurship and risk-taking. There are tax benefits for newly formed businesses available but they are also subject to the structure of…
The 2022-23 Budget is a crucial indicator of what you can expect in the coming year in terms of the government’s focus on support for businesses and business owners. Support for Small Business owners A dedicated unit in the Fair…
During the outbreak of COVID-19 in early 2020, many businesses had suffered their greatest economic shock of all time. The economy worldwide has taken an unexpected turn and business owners have been facing extreme challenges, including managing their cash flow….
Elinor Kasapidis, senior manager of tax policy at CPA Australia and Andrew Watson, a member of the Australian Taxation Office’s (ATO) small-business division stated that digital records of receipts can immensely reduce pressure and tax calculation times. Mr Watson added that…
Check out our Cash Flow Management Tips: Focus On the Cash Flow Adjust your business accounts and create a report to observe the incoming and outgoing money. A cash flow report will help you monitor your money flow and you…