Knowledge Space
What Is Payroll Tax? A Simple Explanation for Small Business Owners
Payroll tax is a state-based tax that employers in Australia must pay on wages once their total employee payments exceed a set threshold. Unlike income tax, which employees pay on
How to Get an ABN: Step-by-Step Guide for Sole Traders (2025)
If you’re starting a business as a sole trader in Australia, getting an Australian Business Number (ABN) is essential. An ABN is your business’s unique 11-digit identifier, required to operate
End of Financial Year (EOFY) Guide for Australian Small Businesses
The End of Financial Year (EOFY) in Australia occurs on 30 June each year. It is the date by which small businesses must finalise their financial records, lodge tax returns,
What an ASIC Registered Agent Can Do for Your Company: 2025 Guide
Running a company in Australia comes with ongoing legal and reporting obligations — and failing to meet them can lead to penalties, delays, and unnecessary stress. This is exactly where
When Does the Financial Year Start and End in Australia
Whether you’re a business owner, employee, or self-employed professional, understanding when the financial year begins and ends is crucial for every Australian taxpayer. Getting these dates right ensures you meet
SMSF Advantages & Disadvantages 2025: What Every Trustee Should Know
Self-managed super funds (SMSFs) continue to be one of Australia’s most powerful retirement investment tools. According to the Australian Taxation Office (ATO), over 1.15 million Australians now manage their retirement
What is a Self Managed Super Fund? A Complete Guide
When it comes to planning your financial future, taking control of your retirement savings can be an appealing option. More Australians than ever are asking themselves, “what is a self
Choosing Between Individual and Corporate Trustees for Your SMSF
Overview of Trustee Structures in SMSFs Self-Managed Superannuation Funds (SMSFs) in Australia can be governed by either individual trustees (where members act as trustees) or a corporate trustee (a company