Growth is what all businesses should strive for but there are dangers to growing your business too fast. Be prepared, avoid the dangers & follow this advice.
The Redesigned Stage 3 Personal Income Tax Cuts
After much speculation, the Government has announced that they will amend the legislated Stage 3 tax cuts scheduled to commence on 1 July 2024. This will mean that more Australian taxpayers will receive a personal income tax cut and take home more in their pay packet from 1 July, but for some, the impact will be less favourable than it would have been prior to the redesign.
Strategic Financial Leadership: Unveiling the benefits of using an accountant as your CFO.
In the dynamic landscape of business operations, the role of a Chief Financial Officer (CFO) is paramount in steering a company towards financial success. However, for many businesses, the prospect of hiring a full-time CFO may seem financially daunting. As a strategic alternative businesses may choose to use an accountant to fulfil the role of a Chief Financial Officer (CFO) for several reasons...
Important: Quarterly Superannuation Payments for your team.
There are harsh penalties for employers if the super is not paid on time. In addition to interest and penalties, the employer cannot claim a tax deduction for any payments made after the due dates. Read on...
How long do I need to keep records for?
The answer according to the ATO - you should keep records long enough to cover the period of review (also known as the amendment period) for an assessment that uses information from the record.