The ATO has recently announced that from the 1st January 2022, employers will be required to provide additional Single Touch Payroll (STP) information. This will reduce the reporting burden for employers who need to report information about their employees to multiple government agencies. But what does this mean for you? If you currently employ people, please read on to learn more!

The end of the tax year will soon be upon us, with 30th June just around the corner. For many business owners, it’s a stressful time, as you frantically rifle through your files trying to find that missing invoice or receipt! There’s one sure way to avoid that last-minute rush: making sure you’re prepared for tax time. In this blog post, we’re sharing with you our top tips to ensure you’re as prepared as you can be before it’s time to lodge your tax.

Nobody wants to attract unwanted scrutiny from the ATO! Tax audits can be a very stressful and costly time. The best way to avoid an audit is to know how to stay out of trouble in the first place. So, as tax time 2021 kicks off next week, we’re outlining below the most common ATO red flags to avoid when submitting your tax.

Tax planning is about dedicating time and expertise to planning the best tax strategy for you. There’s no one-size-fits-all approach to tax planning. The goal is to reduce your taxable income so you pay less tax. And by doing so, you’ll maximise the money you keep hold of to spend on whatever you choose.

Good news starting off 2021: the JobMaker Hiring Credit legislation has now been passed into law! This credit is part of the 2020-21 Budget, which is in place until 6th October 2022. We’re breaking down what this means for you below:

If you’re confused by the whole concept of GST, you aren’t alone! As a new business owner, it can be tricky to understand; should you be registered for it? How should you calculate it to charge clients appropriately? What even is it?! Lucky for you, we’re here to help! Let’s take a look at everything you need to know about GST.