The 2022-2023 tax return may look different to your previous returns, but there’s a reason – and it’s probably due to an expiry date. Here are our top reasons that your tax refund this year might not feel as bountiful as the previous…
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As businesses grow, you will inevitably need to create new roles and hire new staff.
Adding a new member to your team is always challenging; when hiring someone to fill a new position, there is even more pressure to make the right call.
Business…
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The best way to combat rising inflation is to return to basics regarding spending vs saving. This is precisely what the policies of the Reserve Bank (and potentially the Government) are trying to get people to do.
Firstly, the cause of inflation…
Businesses and individuals may receive income from various sources; local, national or even international. You may find that part or all of your income comes from overseas (such as through sales, rental income or other sources). However, all…
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A casual worker with fixed hours can become a compliance nightmare for payroll, mainly if awards and rates are not applied correctly, especially given the legal definition of the type of employment.
Four factors must be taken into account to…
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Setting goals is a simple and effective way to boost your productivity and project a plan for your future progress.
Stating out your personal daily goals as well as long-term goals is a good way to get started and can inspire you to improve…
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In some circumstances, superannuation contributions can be claimed on your tax return if made to a super fund or retirement savings account. However, these circumstances are limited and may require professional advice to maximise the benefits.
Superannuation…
Purchasing a new home is often one of the most significant financial decisions you will ever make.
With this in mind, purchasers must ensure they are not buying a problem that may cost thousands to repair down the track. What are pre-purchase…
Are some of your employees covered by a pre-2010 agreement (also known as a ‘zombie agreement’)?
These agreements will be automatically terminating (‘sunsetting’) on 7 December 2023 unless an application is made to the Fair Work Commission…
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For self-employed individuals, superannuation may become a neglected aspect of your payroll to yourself. It is not a requirement for self-employed individuals to pay themselves it (though it is strongly recommended).
To prevent losing out on…
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If you’ve made a major investment in the last financial year, any income made from it will need to be included on your tax return.
Any income earned from investments and asses must be declared in your tax return. This may include amounts from…
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More and more businesses are pushing forward hybrid roles – part-time in the office, part-time WFH.
Ensuring your workstyle practices allow you to seamlessly integrate between working from the office or working from home is crucial. Try adopting…
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