Self-managing your National Disability Insurance Scheme (NDIS) budget can give you more control and flexibility. However, it also comes with important tax responsibilities – especially if you’re hiring support workers directly or receiving NDIS funding as a participant, nominee, or plan manager. Understanding your tax obligations can help you stay compliant and avoid unexpected issues…
Businesses facing financial challenges must take proactive steps as the end of the financial year approaches to ensure compliance and set a foundation for recovery. The Australian Taxation Office (ATO) has intensified efforts to recover debts, leading to a surge in insolvencies and restructuring plans . Therefore, it’s crucial for struggling businesses to prepare diligently…
The approach to the end of the financial year is a great time to review your superannuation strategy – especially if you haven’t used up your concessional (pre-tax) contribution caps in recent years. Thanks to the ATO’s carry-forward contributions rule, you may be able to boost your super and gain a tax advantage by topping…
As the end of the financial year (EOFY) approaches, now is the perfect time to check in with your accountant and make sure your finances are in good shape before 30 June. A proactive tax planning conversation can help reduce your tax liability, boost your business’s financial efficiency, and set you up for success in…