Do You Get Taxed More on a Second Job in Australia?
Financial security – it’s one of the things that a lot of people refuse to let go of; it’s also why many Australians opt for a second job. So do you get taxed more on a second job in Australia? Not exactly, but there are considerations to be aware of. You’ll likely pay more tax […]
What is changing in 2026? Understanding Payday Super and key lodgement dates
From 1 July 2026, Australian businesses will face one of the biggest changes to superannuation compliance in recent years. Superannuation payments will no longer be made quarterly. Instead, employers will be required to pay super at the same time as they process payroll. This change, referred to as Payday Super, represents a shift toward more […]
How Virtual Bookkeeping Helps Small Businesses Stay Financially Organised
Running a small business often means juggling sales, customers, staff and growth while trying to stay on top of paperwork and finances (that’s a lot of hats!). For many business owners, bookkeeping quickly becomes one of those tasks that is always sitting in the background, half done and constantly postponed. This is where working with […]
7 Signs Your Business Is Ready to Outsource Its Bookkeeping
Bookkeeping is an essential part of running a business, but it is rarely the part business owners enjoy the most. For many growing businesses, bookkeeping starts as a manageable task and gradually becomes a source of stress, backlog and uncertainty. If you have ever wondered whether it is time to bring in extra support, […]
How Difficult Bookkeeping Can Be
Is bookkeeping easy or hard? Bookkeeping can be perceived as easy or hard depending on several factors, including one’s personality, aptitude for numbers and details, organisational skills, and interest in finance. Here’s how personality might influence one’s experience with bookkeeping: Attention to Detail People who naturally pay attention to details might find bookkeeping easier […]
Restaurant Bookkeeping: Everything You Need to Know
It’s the end of a bustling Friday night at your restaurant. The last happy customers are leaving, still laughing and sharing bits of their meals on social media. The kitchen’s finally quiet after a night of culinary artistry, and your team’s sharing high-fives over a service well done. Now, it’s just you and the […]
How to Find a Good Bookkeeper for Your Business
Navigating the complexities of today’s business landscape requires more than just a sharp mind for innovation and a keen eye for market trends; it demands a solid grasp of your financial health and the ability to use that information to make informed decisions. This is where the true value of a skilled bookkeeper comes […]
A Quick Guide on How to Cancel Your ABN
Whether a small business owner or sole trader, you know that the ABN is at the heart of your business. It’s your unique identity when paying taxes, getting business loans, or any other financial transactions related to your business. Naturally, cancelling your ABN is a major step. You might need to do this if […]
How Many ABNs Can You Have in Australia
Recently, Australia has become a magnet for new businesses. The data supports this trend. In 2023, more than 400,000 new businesses set up their shop in the land down under. The credit for this growth goes to the ease of doing business in Australia. One of the key elements of running your business smoothly […]
What Tax Deductions Can I Claim When Working from Home
Australia has seen a remarkable shift towards working from home (WFH), especially post-pandemic. The latest data by the Australian Bureau of Statistics (ABS) states that 37% of Australian workers are taking advantage of remote work arrangements. Besides offering convenience, working from home also provides some tax deductions. These working-from-home tax deductions range from occupancy […]