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In the dynamic world of employment, there are often perks that come our way, like the opportunity to embark on work-related journeys. Whether it's a welder heading to a marina for essential boat repairs or any other duty-driven travel, you've potentially shouldered...

Attention to those participating in the sharing economy! New reporting requirements have been introduced and are currently in place, impacting those who are engaged in connecting customers to service providers or facilitating the lending of personal assets through...

Embarking on work-related travels can impose various demands on employees, encompassing financial, physical, and emotional aspects. In response to these challenges, compensation methods have evolved, giving rise to both travel allowances and the living away from home...

With more security and fraud-related scams targeting vulnerabilities and attempting to commit identity theft and fraud, the ATO has changed the process for how tax agents can access your information. From 13 November 2023, there’s a new process to nominate your tax...

As the festive season approaches, it's easy to get caught up in the excitement of Christmas preparations. However, before you get too carried away with holiday cheer, it's the perfect time to update your tax checklist to ensure a smooth and stress-free tax season in...

Understanding and managing the Goods and Services Tax (GST) is crucial for businesses operating in Australia. GST, set at a rate of 10%, applies to most goods, services, and items sold or consumed in the country. If your business is GST-registered, it becomes your...

There’s no need to fret about being a tax Grinch during the year-end celebrations – we’ve made it easier for you to stay on top of your business's FBT responsibilities! Tis the season to celebrate, and many companies like to spread the holiday cheer by hosting festive...

Creating a budget that prioritizes paying yourself over bills can be broken down into three straightforward steps. This approach, often referred to as "paying yourself first" or "reverse budgeting," is ideal for those who want to increase their savings without the...

Teaching children the value of money and the potential financial benefits of saving and investing over time is one of the most valuable things parents can do. Many of us are familiar with the timeless saying, "money doesn't grow on trees." This proverb underscores the...

Not For Profits (NFP) across the country may have different tax implications that apply to their particular organisation, especially if they are exempt from income tax. However, the rules around employees and volunteers remain unaffected for these organisations and...