The idea of employee share schemes (ESS) has exploded in the last few years, and it’s easy to see why. Not only do employee share schemes have the potential to grow your company’s profitability, but they also offer a chance for employees alike to build wealth in ways that are typically unavailable within traditional salary…
Goods and Services Tax or GST is a tax that applies to most goods and services sold in Australia. It’s an important tax for businesses to understand so they can calculate the amount of GST on their products, register for it if necessary, and then pay it! If you’re not sure if your business needs…
Finding a good business accountant for your small business can seem like an impossible task. With so many accountants out there, it’s hard to know which one is right for you and your company. You could ask around for referrals, but at the end of the day, you need to find a business accountant who…
Claiming fuel tax credit can provide a significant reduction in the amount of tax you pay on your business’s operating costs. Yet, claiming these fuel tax credits is often overlooked by many small business owners. To help make the claiming process a bit easier, we’ve put together an article that breaks down everything you need…
If you’re an entrepreneur or director of a small business, I’m sure you’ve heard about setting up a holding company to reduce risk and minimise tax while your business grows. Many people end up setting up holding companies for the protection it offers, but it’s worth noting that there are limits to that protection. For…
Wine equalisation tax is levied on wine consumption in Australia. Wine production makes up a considerable part of the agricultural industry, contributing over $45 billion annually to the Australian economy., What’s more, according to Wine Australia, the wine industry employs around 163,790 full and part-time employees across the 65 wine-growing regions. Wine equalisation tax (WET)…
Your small business can save considerable amounts of tax each year by implementing effective tax minimisation strategies. Let’s be honest – no small business wants to pay more tax than they have to. Fortunately, there are a few ways you can ensure that you don’t pay more tax than you need to. So, we’ve decided…
A lucrative way to maximise the value of your investments is to be aware of all the tax exemptions and concessions made available to you – especially the capital gains tax property 6 year rule. Yet, we find that many property investors aren’t adequately informed of the significant benefits of the CGT property rule because…
As an investor, there are several property taxes that you need to be aware of, one of them being a land tax. While there may be some exemptions, paying land tax is an inevitable part of owning a property. It can often be overwhelming trying to navigate land tax and how it’s assessed – especially…
Payroll tax is tax payable where a business’s wages exceed specific thresholds that are imposed by each state or territory. According to the Bureau of Statistics, payroll tax represents about 30% of state tax revenue. As a business owner, it’s essential that you’re equipped with all there is to know about your payroll tax obligations. …
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