As a taxpayer, you may have encountered the term pay-as-you-go (PAYG). PAYG is generally a good thing, but there can be confusion between PAYG withholding and PAYG instalments, particularly if you’re an individual who is eligible for both. Both are amounts by which your tax bill can be offset at the end of the financial…
The easiest way to ensure that your business receives the payments from invoices without delay is to remain transparent with your customers throughout the process. Getting an invoice paid on time starts with making it easier for your customer to pay. Create Detailed Invoices Create an invoice for your customers that includes the essential details…
The Medicare levy is an amount you pay in addition to the tax you pay on your taxable income. The Medicare levy is used to help fund some of the costs of Australia’s public health system (Medicare). Generally, the pay-as-you-go amount your employer withholds from your salary or wages includes an amount to cover the…
Family-run businesses form an essential part of the economy. Tradition, success, history, and their unique dynamic can create a thriving business that many may wish to see continue. However, as with any business, the conversation about succession and how to continue the business into the future needs to be had. With only 1 in 4…
To gain a foothold in the online community, it is becoming increasingly important that small businesses take advantage of and develop a web presence that they can use to engage and communicate with their customers. Blogs are among the three primary forms of media used in most content strategies today. By consistently using blogging as…
Feel like your business is stuck in a rut? Unable to solve a problem that you know is going to cost you in the long run? It might not be financially tanking, and, likely, your revenue stream isn’t down, but if you’re not sure what direction to take, it could also mean that you need…
If you’re a trustee of a self-managed super fund, some reasons or circumstances could have emerged that may result in you wanting to get out of that fund. These may be personal circumstances (such as a divorce or another trustee dying), financial reasons (investments not performing as they should or you aren’t taking a pension…