Top business & contractor tips, ideas and news in the industry.
These articles help and inform small businesses and contractors by providing the best hand-picked tips, trends and news to maximise their potential.
Winding Up a Company: 10 Essentials Steps You Need To Take
When winding up a company, you must follow the correct process to ensure that your proprietary limited company has officially ceased to exist. Without doing so, you are still obligated to perform regulatory reporting and incur fees on an annual basis. Furthermore, the...
7 Ways to Avoid ATO Scams (2021)
Throughout the last year, I’ve noticed approximately one in four of my clients have been on the receiving end of an attempted ATO scam. These scammers impersonate as staff from the Australian Taxation Office. The ATO has reported that they received over 40,000 reports...
Guide to Construction Industry Long Service Leave (You Could Be Owed Weeks of Leave!)
If you are someone who works in the construction or building industry then you may be entitled to construction industry long service leave. What is Long Service Leave? Long service leave refers to an extended period of leave awarded to employees who have been employed...
What are Self-Managed Super Funds? 3 Pros & Cons To Know
Self-Managed Super Funds (SMSF) are an increasingly popular option that many Australians appear to be shifting towards. Fundamentally, SMSFs are a way for Australians to have full control over their investment options. However, there remain main legal, financial and...
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...
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...
The #1 Step-by-Step Guide on How to Tackle Modern Awards
Modern awards (also known as industry awards) are a vital type of legal document that must be understood concerning having your employees. This is essentially a legal document that sets out minimum employment conditions in addition to the National Employment Standards...
EOFY Business and Tax Tips
Practical Tips for End of Financial Year (EOFY) at 30 June Running a small or medium-sized business may result to you having no time to plan. But with the end of financial year just around the corner, it's imperative that you should look at tax planning strategies to...
Everything You Should Know Buying a Car Through a Company
Buying a car through a company under general circumstances would afford you the benefit of a healthy claim on GST credit. However, not all situations are created equally and you must factor in a number of different situational factors before determining whether you to...
