Your practice

Relevant and practical knowledge and tools to build your business

Industry specific (free) SuperStream webinars

The Tax Office has begun contacting employers in specified industry groups with tailored support to help them understand and start using SuperStream. The Tax Office says it will be making contact over the coming months with small business employers that may not yet be using SuperStream to make super contributions. In all there are 22

[ Read More ]

New company tax rate — beware of franking implications

The recent cut to the tax rate for small incorporated businesses, while generally very welcome, can bring with it some important considerations when it comes to making franked distributions. The rate change to 28.5% means that small businesses could easily frank dividends in excess of the underlying taxes paid on their profits and “overdraw” on

[ Read More ]

Template letters and other tools when employing staff

The following may be helpful for your dealings with employees. Here are some template letters from Fair Work Australia for employers to use when hiring, managing an employee or ending the employment of an employee. These templates will continue to be updated over time, so while the templates below will be a guide as to

[ Read More ]

Useful tax calculators — (bookmark this!)

The following are useful tax calculators that we have sourced for you. They mostly come from the Tax Office, but also other government agencies. Now you don’t have to sort through endless webpages to find the right calculator or tool. A simple income tax calculator Tax & You Do I need to lodge a tax

[ Read More ]

SMSFs: Here’s a complete list of tax office forms you’ll need

SMSF trustees may find that occasionally a particular form is needed to be able to complete an administrative task for the Tax Office. SMSFs: Here’s a complete list of tax office forms you’ll need Rather than have you searching the vast labyrinth of the Tax Office’s website for SMSF forms, we thought it helpful to

[ Read More ]