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Superannuation is an important aspect of an employee’s remuneration package in Australia. It is a long-term savings plan designed to provide financial security during retirement. In this article, we aim to provide a comprehensive understanding of how employee superannuation works and why it is important. What is Employee Superannuation? Employee superannuation refers to the contributions […]

Effective cash flow management is crucial for small business success. Without proper cash flow management, even profitable businesses can struggle to stay afloat. This guide provides essential strategies for managing cash flow effectively to ensure your business remains financially stable. What is Cash Flow Management? Cash flow management involves monitoring, analysing, and optimising the movement

Entertaining employees can be a great way to boost morale and foster a positive workplace culture, but it’s important to understand the tax implications and potential deductions associated with employee entertainment expenses. This guide covers everything small business owners need to know about entertaining employees in Australia. What Is Considered Employee Entertainment? Employee entertainment generally

Single Touch Payroll (STP) Phase 2 is the next step in the Australian government’s initiative to streamline payroll reporting for businesses. It builds on the existing STP framework, with additional data requirements designed to provide more detailed information to government agencies. Here’s what small businesses need to know about STP Phase 2 reporting. What Is

When you claim fuel tax credits for your clients, you’ll need to apply the lower rates for fuel acquired from 30 March 2022 to 28 September 2022. The lower rates for fuel tax credits are the result of halving the fuel excise duty for 6 months. The reduced rates apply to petrol, diesel, and all other

Falling behind on bookkeeping can be stressful for small business owners, but it’s never too late to get your financial records back in order. Catch-up bookkeeping services are designed to help businesses reconcile past transactions, organise financial data, and prepare accurate financial reports. Here’s what you need to know about catch-up bookkeeping and how it