Simplified Guide for Understanding GST on Food Items

GST Free items

Discover the essentials of GST on food products for small businesses in Australia. Learn about the latest rulings and classifications in a simplified guide, ensuring your business stays compliant and informed.

Navigating the ATO’s Agent Linking Process: A Simplified Guide for Small Business Owners

ATO Agent Linking with Seamlss

The Australian Taxation Office (ATO) has introduced a new requirement for small business owners to link their accountants and bookkeepers(Tax and BAS Agents). This is a crucial, one-time step to authorize your agent to manage your tax affairs officially. While this process ensures better security and representation, it can be complex and confusing at times. … Read more

New Legislation Targets Deliberate ‘Wage Theft’ with Severe Penalties

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The Australian Parliament is currently considering a bill that aims to introduce significant changes in how ‘wage theft’ – the deliberate underpayment of wages – is handled. This proposed legislation is especially relevant for small and micro business owners who must navigate these changes carefully. Key Points of the Proposed Legislation: Criminal Offence for Intentional … Read more

Understanding Superannuation Guarantees for Australian Small Business Owners

Superannuation payments

As a small business owner in Australia, it’s crucial to stay informed about superannuation guarantee (SG) obligations. Recent data from the Australian Taxation Office (ATO) reveals that workers are owed over $3.6 billion in SG, a figure the government and regulators aim to reduce. The Current State of SG Compliance While 94% of SG, amounting … Read more