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Every explanation of bookkeeping online is written for someone studying it as a career. Here’s the plain version, for someone who just wants to understand what’s happening to their own numbers.
If you have started getting PAYG instalment notices from the ATO and are not quite sure what they are or why you are suddenly paying tax before you lodge your return, you are not alone. Here is how it works.
Whether someone working for you is an employee or a contractor affects their tax, their super, and your obligations as a business owner. Since 2024, the rules for working this out have actually become more layered, not less, so it is worth getting a clear picture.
One of the most common questions we get from new business owners on the Central Coast is simply: how do I actually pay myself? The answer depends on your business structure, so here is how it works for sole traders and companies.
If your Central Coast business pays contractors or subcontractors, the Taxable Payments Annual Report (TPAR) is one of those ATO obligations that is easy to miss until the deadline is suddenly close. Here is what it actually involves.
What Payday Super means for employers, how quickly contributions must reach employees’ funds, and how to keep each pay run on track.