Tag: Company
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🚫 2025 Budget – Australia’s 2-Year Foreign Buyer Ban: What It Really Means for Property Developers & Real Estate Businesses
I’ve been thinking a lot about the recent Federal Budget announcement. Particularly the below: “From 1 April 2025, the Australian Government will introduce a two-year ban on foreign investors purchasing existing homes.” If you work in property, this probably didn’t sound groundbreaking – after all, non-residents were already mostly limited to new or off-the-plan purchases…
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Essential End-of-Financial Year Checklist to Propel Your Business into FY2025
As we bid farewell to the 2024 financial year, it’s crucial to start the new financial year on the right foot. Here’s a practical checklist to help you transition smoothly into 2025FY: 1. Payroll and Reporting: Ensure your payroll is up-to-date and don’t forget to complete your Single Touch Payroll (STP) reporting by 14th July.…
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Strategic Planning for Business Owners and Individuals – Navigating the Stage 3 Tax Cut
Apologies for my absence over the past couple of weeks! After a much-needed break, I am now back, refreshed, and ready to dive back into the grind. As July 1st approaches, the upcoming Stage 3 Tax Cut is nearly here. While we’re still awaiting the official budget, let’s work with the pre-budget version for planning…
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A Must-Read Guide: Bookkeeping for SMEs in Australia – Navigating the Essentials
Small and Medium-sized Enterprises (SMEs) form the backbone of the Australian economy. Effective bookkeeping is crucial for these businesses to thrive. Good bookkeeping practices not only ensure regulatory compliance but also provide clear insights into financial health, guiding strategic business decisions. In this post, we’ll explore the do’s and don’ts of bookkeeping, highlighting important aspects…
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Stage 3 Tax Cut – Changes You Need To Know
Australia’s tax landscape is set to undergo significant changes with the announcement of the Proposed Stage 3 Tax Cuts. If passed into law, these changes will come into effect from 1 July 2024. Here’s a breakdown of what’s changing: With these adjustments, the Australian resident personal income tax rates from 1 July 2024 are proposed…
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What Business Structure Should You Choose When Starting Up?
Welcome to our Start-Up Series, where we offer essential guidance for new entrepreneurs. Today, we’re tackling part of a vital question: “What business structure is best for my start-up? “ Understanding this is key to your venture’s success, particularly from a tax perspective. The 3 Pillars of Business StructureWhen deciding on a business structure, there…
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Choosing the Right Business Structure: A Simple Guide for Australian SMEs
As a business owner, one of the most crucial decisions you’ll make is selecting the right business structure. This choice not only affects your tax obligations and potential personal liability but also influences your ability to grow and adapt in the future. Let’s delve into the four main types of business structures in Australia –…
Accounting Made Easy 