Business Franchise Australia

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Common business tax deductions

Knowing whether your business can claim a particular deduction is important because you can only claim what you’re entitled to. You can claim a tax deduction for most expenses from carrying on your business, as long as they are directly related to earning your assessable income. 

Important reminders for all employers about Super changes & Single Touch Payroll expansion

From 1 July, two important changes to Australia’s superannuation system took effect.  We encourage all employers to take note of these changes (if you haven’t already), even if previously your employees weren’t part of the super system, as that may now have changed. 

Wage Non-Compliance, a Cost Your Business can’t Afford

2019 to this point has proven to be a challenging period for Australian retail. Slow sales throughout the first half of the year, coupled with the usual uncertainty that comes with a federal election, have seen several outlets struggle.

Single Touch Payroll: What Businesses Need to Know

Single Touch Payroll: What Businesses Need to Know From 1st July 2018, the introduction of a new payroll reporting system has changed how organisations with 20 or more employees report to the Australian Taxation Office (ATO). Single Touch Payroll (STP) requires employers to report information such as salaries and wages, pay as you go (PAYG)… Continue reading Single Touch Payroll: What Businesses Need to Know