Paying Superannuation Guarantee

. Why you should always pay your super guarantee Under Australian Legislation employees are entitled to 9.5% Superannuation Guarantee payment on top of their gross wage. It is compulsory for every employer to pay their employees Superannuation Guarantee which has to be paid into the employees nominated superfund every quarter, by the due date. ⚠️Continue reading “Paying Superannuation Guarantee”

Minimising Capital Gains On Your Property

Here are some ways you can reduce or avoid Capital Gains Tax when selling your property: 🏡 Your Principal Place of Residence (PPOR)If you can verify a property has always been your PPOR & wasn’t used to produce income then any Capital Gain will be exempt. You can only claim this exemption on one propertyContinue reading “Minimising Capital Gains On Your Property”

Keep Track Of Your Profit & Loss Statement

Use Your Profit & Loss To Track Business Performance! Regularly checking your profit & loss report is a great way for you to monitor how well your business has been performing over time. Xero lets you easily adjust your profit & loss Statement to show monthly, quarterly and yearly comparisons so not only can youContinue reading “Keep Track Of Your Profit & Loss Statement”

10 Tips To Lead Your Team Towards Your Business Goals!

10 Tips To Lead Your Team Towards Your Business Goals! It’s easy to think of where you would like to see your business in 5 or 10 years. What’s more difficult though is mapping out the objectives & communicating these to your team in a manner that will make your vision a reality. Creating aContinue reading “10 Tips To Lead Your Team Towards Your Business Goals!”

Choosing the Right Business Structure

Have you chosen the Right Business Structure? Choosing the right structure for your business is an important decision that should be made after weighing up the pros and cons of the four main business types! 1. Sole Trader (Individual) Pros:Low set-up & ongoing costsLow reporting requirementsEasy to re-structureUse their losses to offset against other incomeContinue reading “Choosing the Right Business Structure”

Are They Employees Or Subcontractors?

Have you Hired a Contractor or an Employee? It’s important to understand the difference to get this right as the ATO has been imposing large penalties on businesses that have incorrectly distinguished between the two. So just because a worker says “they have a valid ABN” or that “they’re only working for a short time”Continue reading “Are They Employees Or Subcontractors?”