Tax Planning
In this blog, we take a closer look at why all businesses should have a tax planning session with their accountant every year. What is Tax Planning? Tax planning can have some great benefits for any business, large or small. It involves evaluating the business’s...
Single Touch Payroll (STP)
Single Touch Payroll (“STP”) Single Touch Payroll (“STP”) is a reporting framework that streamlines employers’ reporting obligations to the Australian Taxation Office (“ATO”) and other government agencies. In this blog, we take a closer look at this mandatory...
Explainer: What is the Medicare Levy, Medicare Levy Surcharge and the Private Health Insurance Rebate
Medicare Levy Did you know that most taxpayers pay an additional 2% levy on their tax return? This is the Medicare Levy. The Medicare Levy was introduced to help cover to the costs of the public health services provided by Medicare. As all Australian citizens are able...