One gap when owning and operating a small business is to get a feel for how you are doing compared to your peers. The ATO realises the importance of this and have developed a list of benchmarks to help.
Rushing to lodge tax returns on time is likely to be one of the “biggest and most common” mistakes made by taxpayers this year, according to CPA Australia.
In March 2024, the government announced its intention to commence paying superannuation on government paid parental leave (PPL) payments from 1 July 2025. The related law has now been passed.