This article, intended for Australian business owners and written from an accountant’s perspective, provides a comprehensive overview of the taxes on company profits in Australia. It covers the corporate tax rate, calculation of taxable profit, payment of corporate tax, dividend imputation system, Capital Gains Tax, Goods and Services Tax, and state taxes. The aim is to guide business owners in understanding the various tax obligations associated with company profits.

This article, from an accountant’s perspective, outlines the benefits of using Xero for business financial management. It covers aspects such as real-time financial overview, cloud-based convenience, invoicing and payments, integration with other tools, bank feeds and reconciliation, collaboration with accountants, reporting and analysis, compliance simplification, and data security. The focus is on how Xero can enhance financial processes, improve decision-making, and contribute to business success.

This article, written for NDIS business owners from a business advisor’s perspective, outlines key strategies for measuring business performance. It covers financial performance metrics, service quality metrics, operational efficiency, compliance, risk management, growth, innovation indicators, and the importance of seeking professional advice. The focus is on providing a comprehensive approach to evaluating both the financial and service-oriented aspects of an NDIS business.

This article, written for business owners from a business accountant’s perspective, explains the various tax consequences associated with selling a business. It covers Capital Gains Tax, small business CGT concessions, GST considerations, income tax implications, employee entitlements, handling business debt, record keeping, reporting requirements, and the importance of seeking professional advice. The focus is on guiding business owners through the complex tax landscape associated with business sales.

This article, intended for business owners, explains the nuances of the Superannuation Guarantee (SG) in the context of contractor relationships. It covers the basics of SG, the circumstances under which contractors may be eligible for SG contributions, the definition of ‘primarily for labor’, administrative considerations, potential penalties for non-compliance, and the importance of professional advice. The focus is on helping business owners understand and navigate their superannuation obligations to contractors.