Recent clarification on the Superannuation Guarantee Ruling SGR 2009/2 by the ATO, confirms that superannuation is payable on annual leave loading unless it can be demonstrated that the leave loading is paid due to an employee’s lost opportunity to work overtime. The ATO has since published some examples on its website detailing when an Employer can demonstrate that the leave loading is paid due to an employee’s lost opportunity to

With tax time fast approaching, here are five tax time tips to ensure you maximise the deductions for your investment property.

Do you have a Discretionary Trust (also known as a Family Trust)? If yes, you need to be aware that you must complete your Trust Distribution Resolutions before 30 June. Why? To avoid paying extra tax at up to 47% on Trust profits.

Renovations and repairs can boost the capital value and rental yield of an investment property, but they can also have tax implications, so before reading up on renovation tips, investors should seek expert tax advice.

Hi Tony, in the lead-up to 30 June we want you to know why using a “bucket company” can be a great strategy for saving tax on trust profits distributed.

In the lead-up to 30 June, we want you to be aware of new opportunities to save tax with super contributions.

With the end of financial year approaching quickly, NOW is the time to discuss with us the actions you can take before 30 June to reduce your tax and grow your wealth.

Single Touch Payroll (also called STP or one touch payroll), is an initiative from the ATO to encourage frequent salary reporting. This means you’ll be required to report salaries and wages, PAYG withholdings, and superannuation, every time you pay your employees. From 1 July 2018, STP became mandatory for employers with 20 or more employees, and from 1 July 2019, all Australian small business owners are required to report their payroll

Fuel tax credit rates increased on 4 February in line with fuel excise indexation. Find out more about what it means for your business.

Accounting software companies are developing products at a breakneck pace for small business and accountants. Here are the pros and cons of some of the more popular options.