calculator

Looking for ways to save on tax? Superannuation is one of the most effective ways to do this, and there are ways you can contribute to your super, depending on your personal circumstances. Generally, you will pay 15% tax on superannuation contributions from your pre-tax salary, which includes employer Super Guarantee and salary sacrifice contributions.  […]

tax deductions

Several jobs require wearing a uniform for different purposes. It can be a standard operating procedure to distinguish different personnel in the workplace. A uniform is an aesthetic and functional choice common in hospitality, dining, and event sectors. They can serve as a more practical option for performing different tasks with the wearer’s safety and […]

calculator on desk

Keeping accurate and up-to-date financial records is vital in business. If your books are untidy, it affects all aspects of your company. You won’t be able to pay employees or contractors on time, make ill-informed executive decisions, and hinder your growth.  If you are busy, though, you might not have time to organise your business’ […]

tax forms

As someone who has been running a small business, you may feel that bookkeeping is a time-consuming and tiring task that you would rather avoid at all costs. Although there are other tasks to worry about or consider whenever you work on your business and ensure that it’s running smoothly, the truth is that your […]

tax form

Tax returns are an important aspect of your professional and financial responsibilities. Understanding how to do them just right may just enable you to take advantage of work-related and income-generating expenses for claiming at tax time. Identifying expenses that are acceptable tax deductions will help you reduce your taxable income. Perhaps the expense was directly […]

accounting for small busines

Startup companies and small and medium enterprises (SMEs) might feel the excitement when launching their business for the first time. Finally putting a business out to be exposed to the world is incredible and gives proprietors a sense of fulfilment. However, many entrepreneurs who invest in their startups often never make it to a full-scale […]

financial audit

Small business accounting can often be challenging because most of these companies aren’t well-staffed enough to handle their own financial duties. It often becomes the proprietor’s duty to file all monetary transactions and run taxes and salaries monthly. It isn’t uncommon for things to be left out and confusing, which is why an audit process […]

funds

If you’re one of the people who have a knack for envisioning long-term plans, including securing your future, then you can expect to benefit from a self-managed super fund (SMSF) leading up to your retirement. It’s a trust fund headed by the Australian financial system targeting employees unsure about what to do with their savings […]

working from home

Managing your cash flow is a crucial part of running your business, but it’s an aspect that tends to overwhelm entrepreneurs. As a business owner, you’re laser-focused on bringing in more profit and scaling your company, but doing so during uncertain economic conditions means that you need to account for every cent you make. Any […]