by MT Corp | Oct 14, 2024 | ATO Rules, Business Tips
Are you aware that your staff may be entitled to long service leave? If they’ve worked for the same employer for 10 years or more, chances are they qualify. Long service leave is a benefit provided to long-term employees, offering an extended period of paid time...
by MT Corp | Sep 15, 2024 | Business Tips
Your business incurs a tax loss when the total deductions claimed for a financial year are greater than your assessable income and net exempt income for that same year. If this happens, you may be able to carry forward the loss and claim it as a deduction in future...
by MT Corp | Aug 20, 2024 | ATO Rules
If you’ve missed the latest Super Guarantee (SG) deadline, it’s important to take action, get back on track, and stay on top of your super obligations by lodging a Super Guarantee Charge (SGC) statement. As an employer, you play a crucial role in securing your...
by MT Corp | Jul 7, 2024 | ATO Updates
The Treasurer is promising that inflation will decline by 0.75% as a direct result of the 2024-25 Federal Budget initiatives, including energy relief for all households, a boost to Commonwealth Rent Assistance, and the freezing of the maximum co-payment on the...
by MT Corp | Jun 9, 2024 | Business Tips
With the new financial year approaching, establish effective business practices for the success of your small business. To get ahead, prioritise strong cash flow management, accurate record keeping, and utilise the right digital tools. Some digital tools to help your...
by MT Corp | May 2, 2024 | ATO Rules, Business Tips
Have you ever received tax advice, or been shown tax schemes that sounded too good to be true? It might be an illegal tax scheme. A tax scheme could involve complicated deals, change the way money is used to avoid paying taxes, or make false claims for refunds. It...
by MT Corp | Apr 16, 2024 | ATO Updates, Business Tips
Small business courses are now available online, through the ATO website. The courses are ideal for business owners who are looking to enhance their financial literacy, sharpen their record-keeping skills, or just looking to gain a better understanding of key business...
by MT Corp | Mar 3, 2024 | Uncategorized
Green economy and sustainablility In 2024, business sustainability will take center stage as climate change and environmental issues continue to be major concerns for individuals and businesses alike, spanning all industries. To keep up with the times, it’s...
by MT Corp | Feb 9, 2024 | ATO Rules
How is Trust income treated? The net income of a trust is basically its taxable income. It’s calculated by subtracting allowable deductions from the trust’s assessable income for the year. This calculation assumes that the trustee is a resident, even if...
by MT Corp | Dec 14, 2023 | Business Tips
If you’re facing financial challenges, you might qualify for a payment arrangement with the ATO. If you get a tax bill, it’s important to pay it on time to avoid extra charges. But if you’re having money problems, you might be able to set up a...
