How are Sole Traders taxed in Australia?

Whether you’re just starting as a sole trader, contemplating a shift in your business structure as a company owner, or an established sole trader looking to project your tax obligations for the upcoming year, it’s crucial to gain a clear understanding of how tax rates function for sole traders in Australia.

‘Tis the season to talk about Christmas Party Tax Rules

Have you ever wondered how to navigate the Fringe Benefits Tax when planning your business’ Christmas party? Well, fret not! We’ve got you covered with all the details on how to keep the party going without breaking the Christmas budget.

Proposed Super Changes to Members with $3m+

The past few weeks have been full of many whispers regarding tinkering with superannuation following the announcement that the government was going to review the ‘objective’ of superannuation.

Xero Users to enrol in STP (Phase 2) by 31 March

If you employ staff or have contractors you pay superannuation for you need to ensure you’re set up for Single Touch Payroll (STP) Phase 2.

Day-to-Day Xero Tasks Checklist

If you’ve recently set up your Xero account and need a little bit of guidance with regular day-to-day tasks, you’re in luck! We’ve pulled together a quick checklist for you, covering some of the most common tasks you’ll need to be across to get the most out of Xero.

Setting up Xero Checklist

You’ve made the decision to adopt Xero for your small business, and now it’s time to get it up and running. We’ve pulled together a quick checklist to help guide you through the set up stage, with some helpful links to Xero resources for more information.

Are Client Christmas Gifts Tax Deductible?

If you’re considering giving some client Christmas gifts this year, in most circumstances these will be tax deductible to your business.

Christmas Tax Rules: Christmas Parties and Staff Gifts

We find a lot of businesses get really confused as to what they can/can’t claim and if there are any Fringe Benefits Tax consequences to the entertainment they provide to their staff and associates as a result of Christmas festivities.

A Freelancer’s Guide to Tax in Australia

Just starting out as a Freelancer in Australia? It’s important to understand your tax obligations. Check out our Freelancer’s Guide to Tax.

Tax Time Occupation Guides

With tax time upon us, the ATO has pulled together some handy occupation guides to help you to better understand what you can and can’t claim on your 2022 income tax return.

You can download each of the guides in our latest blog article, or visit the ATO website for more information.