The different types of trusts in Australia are widely used as a preferred business structure when it comes to investments, managing the financiboxaal affairs for families, as well as business purposes. Are trusts only for the wealthy? In fact, trusts are accessible to everyday families and business owners, not just the wealthy. They are versatile…
The tax-free threshold is the amount of income you can earn in Australia each financial year before you’re required to pay any income tax. For the 2025–2 financial year, that amount is $18,200. This threshold applies to individuals who are considered Australian residents for tax purposes. If your total taxable income for the year is…
Protect your wealth with practical asset protection Australia strategies for small business owners, from discretionary trusts to insurance and business structures.
A clear, practical guide to sole trader superannuation—how it works, tax benefits, common mistakes to avoid, and tips to boost your retirement savings effectively.
Effective tax minimisation strategies for Australia’s high-income earners, focusing on maximising deductions, strategic superannuation contributions, and smart investment planning.
Temporary full expensing allowed businesses to instantly deduct asset costs, but it ended in 2023. Here’s what’s changed and how small businesses can plan ahead.
Did you know that teachers and those working in education are entitled to various industry-specific teacher tax deductions? Understanding common expenses that teachers can claim is crucial for maximising these deductions. These teacher tax deductions can significantly benefit your annual tax return, so it’s worth equipping yourself with the knowledge presented by the (ATO). How do…
Get the latest information on ATO audits, including what happens during an audit, what can be audited, and why
Are you looking to set up a partnership for your business in Australia? Partnerships are a popular choice for entrepreneurs who want to share the load, combine skills and grow their business together. In fact, 97% of Australian businesses have less than 20 employees, so partnerships are a great structure for many entrepreneurs. In this…
Trying to find out the difference between Chartered Accountants and Accountants? When you’re looking for an accountant for your business, you’ll inevitably run into accounting firms that spout about how they have Chartered Accountants. But what exactly is a Chartered Accountant, and what’s the difference between a Chartered Accountant and a regular Accountant? This is…
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