What Every Australian Small Business Owner Needs to Know If you run a small business in Australia, you’ve almost certainly felt the sting of rising fuel prices — whether at the bowser, on your supplier invoices, or buried in your freight costs. The good news is the Australian Taxation Office
Payday Super 2026 is a change to the Super Guarantee in Australia from the 1st July 2026. Running a business is already busy. Now imagine needing to change how you pay super for every employee. That’s exactly what is coming from 1 July 2026. If you feel unsure, you are
What is the NDIS / SDA? NDIS The National Disability Insurance Scheme is a Federal Act developed in 2013 to allow people with a disability to exercise choice and control about matters that affect them- such as their housing. SDA – Specialist Disability Accommodation Typically, these are otherwise residential properties built
Property Price Increases and Tax? Residential properties values have increased in some cases over 30% in the last year, what does this mean for owners and investors? Family Home If the property being sold is the family home and it qualifies for the main residence exemption, then the owner can
Business in the following industries that make payments to contractors or subcontractors needs to lodge a Taxable Payment Annual Report (TPAR) by the 28th of August each year. Black or Cash Economy Detection The TPAR is a black economy measure designed to assist the ATO to identify contractors who don’t
Worked example: Lifecycle of an Uber driver Issue John commenced an Uber operation on 1 April 2016. He went to the ATO website and understood he was required to apply for an ABN and GST, which he did. The car he initially used was the family car. After six weeks
Director Penalty Notices, regarding reported and un-reported ATO debt. The ATO is able to issue a Director Penalty Notice against a director for an amended BAS. These days, with many businesses wanting to save a few dollars, they are calculating and lodging their own BAS. Generally, these BAS’s are prepared
How to decide if your workers are employees or independent contractor guidance. Having an Australian Business Number (ABN) – Myth: If a worker has an ABN they are a contractor Common industry practice – Myth:“Everybody in my industry takes on workers as contractors, so my business should too”. Short-term workers –
Business is profitable on paper, however there’s No cash flow? No money? Need to make more money? Virtually every business owner asks how can I get more cash for my small business. There are a few reasons that small businesses struggle with cash flow. Bad Loan Structures, and Lack of
We have fielded a lot of inquiries from members since the budget in relation to the newly announced immediate asset write-off for assets costing less than $20,000 for small businesses. The temporary immediate asset write off measure is intended to apply from 7.30pm on May 12 (ie. budget night) until
