On 1 July 2021, the super guarantee rate will rise from 9.5% to 10%. If you have employees, you will need to ensure your payroll and accounting systems are updated to incorporate the increase to the super rate. If you need help to work out how much super you need...

Providing a work car to your employees can be a great incentive. If you provide a car to an employee for their private use, you may need to pay fringe benefits tax (FBT). You make a car available for private use by an employee on any day that the car is either:...

Taxpayers falling behind on tax debts and lodgement obligations can soon expect contact from the ATO as it confirms the resumption of its compliance activities in the wake of JobKeeper ending. With the JobKeeper program officially over, the Tax Office has now...

There are changes to company tax rates. While the full company tax rate is 30%, your company may be eligible for a lower company rate. If you are a 'base rate entity', your company tax rate is: 27.5% from the 2017–18 to 2019–20 income years26% for the 2020–21 income...

Your company is a separate legal entity from you as a director or shareholder. The money your business earns and its assets belong to the company. This means it’s important to keep appropriate records and correctly report transactions if you use company money or...