If your business is classified as a large enterprise or part of a multinational group, there’s an important update from the Australian Taxation Office (ATO) that may directly affect you. In June 2025, the updated Supplementary Annual GST Return (SAGR) for the 2024–25 financial year comes into effect—and it’s more detailed and structured than ever […]
Online shop taxes in Australia got you stressed? We understand. From GST to income tax, navigating these waters can be overwhelming. But don’t worry, we’re here to simplify it for you! We’ll break down the essentials of online shop taxes in Australia so you can focus on growing your e-commerce business without the headache of
Online Shop Taxes Australia: All You Need to Know in 2024 Read More »
Understanding GST: Goods and Services Tax (GST) stands as a pivotal taxation component in Australia, applying a 10% levy to most goods, services, and transactions. For small business owners, comprehending GST and its implications is paramount to operational efficiency and tax compliance. Registering for GST: For businesses surpassing an annual turnover of $75,000, GST registration
Maximizing GST Refunds for Small Businesses in Australia 2024 Read More »
At first glance, “salary sacrificing” might sound like the last thing you’d want to do. But in reality, this strategy—also known as salary packaging—can be a smart move, especially when it comes to reducing your tax burden. By sacrificing a portion of your take-home pay in exchange for benefits from your employer, such as superannuation,
Want to pay less tax? This sacrifice could be worth making Read More »
As Australia’s population ages and the demand for costly services like health and aged care rises, the nation faces a pressing fiscal challenge. The last major tax reform, the Goods and Services Tax (GST), was introduced over two decades ago in 2000. With fewer working-age individuals contributing to income tax, the country is grappling with
Higher GST? Negative gearing changes? Why we’ve got to talk about tax Read More »
Australia’s taxation system is complex, with various taxes contributing to the government’s revenue. One of the most important components of this system is the Goods and Services Tax (GST). This article will provide a comprehensive overview of the Australian GST, its implications, and its impact on both businesses and consumers. What Is GST? The Goods