When an employee leaves your business, you may need to pay out unused leave or redundancy entitlements. Many business owners are unsure...

Many businesses rely on contractors to keep operations flexible and costs under control.   Working out if contractors are or are not...

As your business grows, there comes a point where payroll tax may come into play. Many owners think of payroll tax as something that only...

Running a business means juggling a lot of responsibilities. Staying compliant with the ATO, making smart financial decisions and...

More Australians are running businesses and clinics from home than ever before. Whether you are a consultant, a health professional or a...

Starting out as a sole trader makes perfect sense. It is simple, affordable and gets your business off the ground quickly. But as your business grows, you might start to feel the limits of that setup.  Many business owners reach a point where they wonder, “Is it time to take the next step?”  Some common triggers for starting to think about changing from a sole-trader structure:  Having employees  Increase in income  Great volume of work and risk  Larger jobs and projects  Pur

If you are working in the NDIS space, you probably know how tricky it can be to juggle your income, expenses and personal spending all from one bank account. It might feel easier to keep everything in one place, but that mix can quickly lead to stress. Often important details then get lost, tax deductions are missed, and it becomes harder to show clear records when the ATO or your accountant asks for them.  Opening a separate business bank account is a simple and easy way to