Bendigo Accounting & Finance Blog

Superannuation Guarantee (SG) is a mandatory contribution employers in Australia make for their employees' retirement savings. Despite being a legal obligation, many Australian workers are cheated out of these essential savings, as evidenced by recent estimates by the Australian Taxation Office.

Businesses are encouraged to join the movement in a world where energy efficiency and renewable energy sources are gaining increasing attention. The government has taken a significant step in this direction by introducing a bonus tax deduction for small and medium enterprises (SMEs) that invest in energy-efficient upgrades. This article will delve into the details of this incentive and how your business can leverage it.

Social media platforms have revolutionised how people connect and share content. However, like any tool, it can also be used for malicious purposes. In 2022, the Australian Taxation Office (ATO) uncovered one of the biggest tax frauds in history, involving the use of social media app TikTok.

Tax refunds have become smaller for many Australians, leaving taxpayers wondering why. As a nation heavily reliant on personal and corporate income tax, Australians expect rewards for the amount they pay. However, if you've noticed that your tax refund isn't as sizeable as it used to be, you're not alone. There's a reason behind this change, and we're here to explain it.

As we move further into the 2023 financial year, employers and businesses across Australia must be aware of the significant changes that have come into effect from 1 July 2023. These alterations primarily concern superannuation guarantees and wage increases, and failing to adhere to these new standards can result in serious consequences.

In today's digital age, platforms like OnlyFans, YouTube, and TikTok have opened exciting opportunities for content creators to monetise their audience reach. However, with the rapid growth of this industry, the Australian Taxation Office (ATO) has taken notice and issued guidelines to ensure content creators understand their tax obligations. As a trusted partner for businesses and individuals, LEAD Advisory Group is here to shed light on the taxation aspects content creators need to consider.