Author Archives for wybenga_admin

2024 Year End Tax Planning Guide (Part 1)

May 9, 2024 12:00 am Published by Comments Off on 2024 Year End Tax Planning Guide (Part 1)

In May and June, we will add two articles to our website that help you plan and take action before the end of the 2023-24 financial year.  Both Part 1 and 2 will cover the following, though Part I focuses on key strategies to manage your tax bill.  All are worth dedicating time to review and think about how your business can organize your affairs in these ways.


Underperforming employees: When can you terminate?

April 20, 2024 12:00 am Published by Comments Off on Underperforming employees: When can you terminate?

Terminating an underperforming employee requires caution. Employers must follow fair procedures to avoid legal issues such as unfair dismissal claims.


The 2025 Financial Year tax & super changes you need to know!

April 18, 2024 12:00 am Published by Comments Off on The 2025 Financial Year tax & super changes you need to know!

The new financial year is fast approaching and so are a number of changes to superannuation contribution amounts and the individual tax rates. These changes are outlined below, as is some information on how you may be able to work with these changes when managing your tax affairs during 2024-25.

 


Small business benchmarks

April 15, 2024 12:00 am Published by Comments Off on Small business benchmarks

The ATO has developed quite a number of benchmarks to help small businesses develop an idea of their performance compared to similar businesses in the same industry.


Illegal access nets $637 million

March 28, 2024 12:00 am Published by Comments Off on Illegal access nets $637 million

The ATO has found $637 million of superannuation savings has left the system due to illegal early access carried out through SMSFs.