How to Use a Weekly Tax Table for Your Business
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How to Use a Weekly Tax Table for Your Business

As a business owner in Australia, you’ve got a lot on your plate. From managing staff to keeping the books in order, it’s easy to feel overwhelmed. One important thing about running a business is understanding the weekly tax table and how it applies to you.  The weekly tax table is influenced by income tax…

Stage 3 Tax Cuts in Australia: How Much Will You Get Back?
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Stage 3 Tax Cuts in Australia: How Much Will You Get Back?

The government has confirmed that the Stage 3 tax cuts are in place for most Australian workers as of 1 July 2024. These tax cuts were announced as part of the federal budget and aimed to provide financial relief to Australian workers.  This article explains the Stage 3 tax cuts, how they affect employees at…

How Long Should You Keep Tax Records For?
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How Long Should You Keep Tax Records For?

It’s a common misconception that throwing out those piles of receipts and invoices is permissible once tax season is over. On the contrary – keeping accurate tax records is not only a good idea, but also a legal requirement.  If the Australian Taxation Office (ATO) ever questions your tax affairs, it’s up to you to prove the…

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…

End of Financial Year Checklist for Australian Business Owners
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End of Financial Year Checklist for Australian Business Owners

The end of the financial year period can be overwhelming, with plenty of tasks and deadlines to juggle. However, being proactive and organised can make the process smoother and less stressful.  In this article, we’ll provide you with a comprehensive end-of-financial-year (EOFY) checklist to help you stay on top of your game. Consulting with an accountant or…

How to Pay Super as an Employer
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The #1 Guide on How to Pay Super as an Employer

If you have stumbled upon this article, then chances are you want to learn how to pay super as an employer to your employees. What is superannuation? To understand how to pay super as an employer, you must first know what Superannuation is. Superannuation is a contribution made by the employer on behalf of the…

ATO Payment Arrangement
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7 Detailed Steps to Successfully Organising ATO Payment Arrangements

Organising ATO payment arrangements can help with dealing with tax debts that can be stressful, especially with those unpaid monthly and quarterly amounts incrementally building very quickly. Many small and medium-sized business owners in Australia have a lot of tax to pay to the tax office and can’t afford it. Fortunately, payment plans with the…

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