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If you’re an employer, you’ve likely already explored fringe benefits in some capacity. But if you want to know all the details of ‘what is exempt reportable fringe benefits?’ in one location, our handy guide is an excellent place to start. By understanding what is exempt from reportable fringe benefits Centrelink, it’s a far quicker…
Are you an employer in Australia who is looking to understand the new Paid Family and Domestic Violence Leave policy? This new policy, which is part of the Fair Work Amendment (Paid Family and Domestic Violence Leave) Bill 2022, is set to go into effect in 2023. In this article, we’ll explain what you need…
The first step to getting a new property development off the ground is to ensure the project is properly financed. Many developers, particularly inexperienced ones, underestimate how much capital they need, which can result in costly delays and project overruns. In this article, we are going to explore finance for property development. We’ll discuss what…
Property development can be lucrative – but it’s not without its risks. If you’re wondering how to structure a property development company or how to set up a property development company, there are things you’ll need to consider before you begin. From understanding the property market to how to finance developments, manage construction and tolerate…
Finding the right tax accountant can be more challenging than you might think. While you may be tempted to go with the first name you find on your search engine results or the first company you come across, knowing how to find a good tax accountant is a skill of its own. Pick well, and…
Because one of the most important aspects of your business is your employees, choosing the proper payroll system is critical to ensuring the health and success of your business. Your payroll system is responsible for making sure your employees are properly compensated for their services, your company remains in compliance with governmental regulations and your…
If you’re a company director for an Australian company, you’ve probably heard about plans to phase in new legislation surrounding Director Identification Numbers. Known as the Director ID scheme, the new rules are designed to ensure directors are held accountable if their business fails. Why is the law changing? Although most company directors take their…
If you run a business, online blog, or work in any industry where you commonly deal with business clients, you’ve probably heard of these three terms—B2B, B2C, and B2B2C. On the surface, this terminology may sound complicated and confusing. But thankfully, they’re all simpler than you may think. In this article, we’ll walk you through…
One of the most important decisions you’ll make when you set up a business in Australia is what kind of structure your business will have, and your choice depends entirely on you and your circumstances. Put simply, it’s a question of whether the business is a separate legal entity to you, or whether you are…
The accounting profession is full of acronyms, phrases and terminologies that can make it difficult for small business owners with little or no accounting experience to understand what’s going on. But while accounting sounds confusing on the face of it, once you understand a few basic accounting concepts, there isn’t all that much to it.…