by Swot Accoountants | Jun 2, 2023 | Business News, Business Training, Super, Tax & Compliance
If you have employees or hire eligible contractors for your small business, it’s crucial to stay informed about the latest changes. Starting from 1st July 2023, the new Super Guarantee (SG) rate will be 11%. To ensure compliance, it is essential to update your...
by Swot Accoountants | Feb 1, 2023 | Business News, GST, Tax & Compliance
Income Tax for Small Businesses in Australia Starting a small business can be an exciting and rewarding venture, but it’s essential to be aware of the various tax obligations that come with it. In this blog, we will provide you with an overview of income tax for...
by Swot Accoountants | Jan 17, 2023 | Business News, GST, Tax & Compliance
What is GST? Goods and Services Tax (GST) is a 10% tax on most goods and services sold or consumed in Australia. Who must register for GST? If a business has a turnover of $75,000 or more per annum, it must register for GST. Not-for-profit organisations must register...
by Swot Accoountants | Nov 29, 2022 | Business News, Capital Gains Tax (CGT), Tax & Compliance
There are three criteria that need to be satisfied to be able to claim a deduction for additional running expenses while working from home. Taxpayers must be working from home while carrying out their employment duties or carrying on a business They must incur...
by Swot Accoountants | Oct 2, 2022 | Business News, Business Training, Tax & Compliance
Director’s duties and responsibilities One of the fundamental responsibilities of a company director is to ensure that the company is able to pay its debts when they fall due. If directors allow a company to trade while insolvent, they may be acting illegally and be...
by Swot Accoountants | Aug 1, 2022 | Tax & Compliance
Taxpayers can claim work-related deductions for some expenses they incur in their individual tax returns. Most of these expenses must be directly related to earning an income as employees or contractors. They may also be able to claim other expenses that don’t...
