The superannuation guarantee statutory rate has remained at 9.5% since July 2014. However, plans have been in place for some years now, to increase the rate to 12% incrementally. In July 2021, the rate will rise to 10%. From then on, the rate will increase by 0.5%...
Common Tax Deductions for Small Business There are many expenses common to most small businesses, and there are other expenses that are specific to the nature of the goods or services the business provides. Are you claiming all the tax deductions that you are entitled...
It is hard to believe that the end of financial year is almost upon us. Below are some important year end planning opportunities that you might like to discuss with your Tax Agent. 1. Instant asset write-off – assets purchased and ready for use between 12 March 2020 –...
While software has replaced the leather-bound ledgers of the past, bookkeeping is still an essential task for modern business owners. Here’s how it works – and why it’s so important. Bookkeeping benefits Accurate, up-to-date financial records are vital for running a...
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