Tax-Free Threshold in Australia: A Business Owner and Payroll Department Guide
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Tax-Free Threshold in Australia: A Business Owner and Payroll Department Guide

As a business owner or accounts professional in Australia, you need to know about the tax-free threshold and how it affects your employees’ pay. And it all starts with the latest information on tax declarations, income assessments, and potential tax liabilities. Out of all these details you need to keep up to date with, the…

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The Ultimate Guide to ATO Directors’ Fees (Updated 2024)

Are you feeling uncertain when it comes to paying directors’ fees and being compliant with the ATO? You’re not alone. It’s a question we get asked often – should we pay directors, and if so, how should director fees be paid? Claiming a deduction lowers your overall tax liability, so you’ll want to be clued…

Tax Minimisation - Reduce Your BAS
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How to Reduce BAS Payments for Your Business

As a business owner or manager in Australia, one of the most crucial responsibilities you’ll encounter is managing your Business Activity Statement (BAS). Having an Australian business number (ABN) is essential for registering for GST and receiving a BAS automatically when it’s time to lodge. These regular tax obligations are fundamental to running a compliant…

Accessing the ATO as a Sole Trader
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Accessing the ATO as a Sole Trader

Starting your own business can be an exciting and rewarding experience, and one of the simplest ways to do it is by becoming a sole trader. As a sole trader, you’ll have full control over your business and be solely responsible for its debts and liabilities. But, while it may seem like the most straightforward…

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The Ultimate Guide on How To Do a BAS Statement

Feeling unsure on how to do a BAS statement?  If you’re a GST registered business, it’s that time of year again where you (or your accountant) need to prepare and submit a business activity statement to calculate your GST obligations or the GST refund you’re entitled to from the Australian Tax Office (ATO).  We don’t…

Electric Car FBT Exemption
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Electric Car FBT Exemption

As of 27 July 2022, the Australian Government is introducing the Treasury Laws Amendment (Electric Car Discount) Bill 2022 to exempt cars that are provided to employees for private use with zero or low emissions from fringe benefits tax (FBT). These include battery electric, plug‑in hybrid electric, and hydrogen fuel cell electric cars.

accountant for doctors
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How To Choose The Best Accountant for Doctors

Medical professionals constantly juggle their day-to-day practice with the business side of things.  But let’s face it, as a doctor, you’ve got your hands full with patient care, so management and financial planning tends to take a backseat.  While a doctor’s primary goal is to focus on providing health services to their clients, they mustn’t…

RBA Interest Rate Raise
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What Does the RBA Interest Rate Rise Mean for You and Your Business?

At the start of September 2022, the Reserve Bank of Australia (RBA) raised interest rates once again, pushing it to 2.35%. This marks the fifth consecutive increase since May 2022, making it the most rapid cash rate growth that Australians have seen since 1994.

tax deductions for doctors
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The 9 Best Tax Deductions For Doctors

Doctors are among the highest-earning professionals in Australia. And the higher the income, the higher the marginal tax rate. But did you know that as a medical professional, you’re eligible for a pretty long list of deductions? Unfortunately, however, many doctors are missing out because they don’t know what tax deductions they can claim.  So,…

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