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.
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
Want to give your business an energy-efficient boost? Read on to find out how! 🌍 The Future is Electric Gone are the days of gas and fossil fuels. The spotlight is now on electricity and energy efficiency. The government has introduced an incentive to help businesses shift towards cleaner energy solutions. 💰 What’s the Deal? … Read more
Ace in the Hole’ Budget 2023-24 The ‘ace in the hole’ of the 2023-24 Federal Budget was the $4.2bn surplus; the first in 15 years. The surplus was driven by a surge in the corporate and individual tax take. High commodity prices, inflation, and high employment have all pushed up corporate and individual tax receipts. … Read more
