As we embark on a new calendar year, signalling the midpoint of the financial year, it’s an opportune moment to conduct a thorough business health check and ensure that you are on course to achieve your end-of-financial-year objectives. Here are some crucial...
Supporting charities and not-for-profits (NFPs) has historically missed a crucial aspect for many years—overheads and indirect costs. Operating a charity incurs expenses! While many NFPs rely on volunteer goodwill and donated time, overheads and indirect costs are...
With the end of 2023 nearing, the focus shifts to recognising and appreciating the hard work and dedication of our staff. Employers have various ways to reward their teams: Christmas parties, bonuses, gifts, and leave. While these boost morale, they often pose...
In a significant move to simplify administrative procedures and reduce regulatory burden, legislative amendments have recently been passed into law. These changes entail the transfer of administrative responsibility for four deductible gift recipient (DGR) categories...
Single Touch Payroll (STP) is a recently introduced Australian government initiative that changed when and how small businesses report payroll activity to the Australian Tax Office (ATO). It aims to reduce employers’ reporting burdens to government agencies by...
