Big changes may be on the horizon for the way superannuation is paid in Australia. The Federal Government has released draft legislation for the proposed “payday super” reform, which—if passed—will require employers to pay super contributions within seven calendar days of each payday, rather than quarterly. These changes are expected to commence from 1 July […]
Recent cyber-attacks on several large Australian superannuation funds have highlighted the importance of protecting your retirement savings from online threats. In many cases, attackers used a method known as credential stuffing—relying on login details (such as email addresses and passwords) stolen from previous data breaches involving other companies. These credentials were then used to attempt […]
Choosing the right business structure is one of the most important decisions when starting or growing a business. Whether you’re just starting out or considering transitioning from a sole trader to a company, understanding the tax implications is critical. Tax Reporting DifferencesAs a sole trader, your business income and expenses are included in your individual […]
Thinking of renting out your home or a spare room through Airbnb or similar platforms? You’re not alone – but it’s important to understand the tax implications that come with short-term rental income. The Australian Taxation Office (ATO) requires you to declare all income earned from renting out part or all of your home, even […]
If you’re investing in your career by studying or undertaking professional development, you might be eligible to claim a deduction for self-education expenses in your 2024–2025 income tax return. You may be able to claim if your study has a direct connection to your current employment – for example, it helps you maintain or improve […]