Recent changes to the Super Guarantee Contributions came into effect this year and, as an employer, you may be impacted.
The ATO has announced that, as of 1 January 2020, the way that SCG is calculated has changed. Super guarantee is the compulsory amount that an employer must pay into any eligible employee's chosen super fund.
'Tis the season, and for many businesses they consider this period an appropriate time to celebrate and thank staff for their contributions over the past year. However, the last thing that they may consider is Fringe Benefits Tax (FBT).
If you are planning on providing Christmas functions or gifts to your staff, it is important that you are aware of the associated FBT implications when it comes to the following:
For many small business operators the most valuable asset they may own is their business.
As no two businesses are the same, there is not a simple look up source that a business owner can go to, to provide an answer to the question, what is my business worth? Read more…
Choosing the right business structure can be overwhelming. We've put together some information to help you through the process.
Things that need to be taken into consideration: Read more…
A new financial year brings with it opportunities.
And an important way to make the most of those opportunities is to build your business budget for 2019/20.
Why? Because a well-planned budget will help you identify your profit goals and the revenue you need to achieve that profit. Understanding your budget will link into your strategic planning to ensure you are able to achieve your business goals.
So, how do you build your business budget? Read more…