Running a small business is always a balancing act—managing cash flow, keeping customers happy, staying ahead of competitors, and complying with regulations. Add unexpected challenges such as shifting market conditions, rising costs, or technological disruption, and the pressure can feel…
Ensuring proper record-keeping isn't just good business — it’s a legal requirement enforced by the Australian Taxation Office (ATO). Failing to comply can trigger administrative penalties, audits, or even prosecution. Here’s what you need to know to stay on the…
If you're an Australian resident for tax purposes, you’re required to declare all your worldwide income in your tax return — not just what you earn in Australia. This includes money earned while working overseas, income from foreign investments, pensions,…
Owning a rental property can be a great way to build wealth, but it also comes with tax responsibilities. If you rent out a residential property — whether it’s a house, unit, or apartment — it’s important to understand your…
As tax time rolls around, it’s important to make sure you’re getting the right support. If you’re using someone to help prepare or lodge your tax return or to give you tax advice, ensure they’re registered with the Tax Practitioners…
With the rising cost of living and a growing trend toward flexibility, more Australians are exploring side hustles – from ridesharing and food delivery to selling handmade goods online or freelancing. But if you’ve recently picked up a side gig,…
We are proud to share some very special news – our founder, Roy McDonald, has been recognised for achieving 60 years of membership with CPA Australia. This is an exceptional milestone and a…
Running a small business means juggling many moving parts—but one area that shouldn’t fall through the cracks is how you manage your day-to-day transactions. Accurate record-keeping doesn’t just help at tax time. It’s essential for cash flow, understanding your financial…
As tax time rolls around, it’s tempting to rush through your return in the hope of a quick refund. But according to CPA Australia, the biggest mistake Australians are making right now is lodging their tax returns too early. The…
Running a small business involves wearing many hats—managing operations, marketing, staff, and finances. One of the most valuable tools to help keep your business on track is something many small business owners overlook. What Are Small Business Benchmarks? Small business…