by Financially Sorted | Aug 27, 2024 | ATO, Business, Single Touch Payroll, Small Business
Managing payroll is essential for any small business. It ensures your team is paid correctly and on time, and it keeps your business compliant with the ATO. However, payroll can be tricky, and mistakes can lead to financial penalties and unhappy employees. Here’s a...
by Financially Sorted | Aug 27, 2024 | Small Business, Tax & Accounting
As we head into the warmer spring months leading up to Christmas, it’s not just our homes and gardens that benefit from a good clean-up. Spring is a great opportunity to take a closer look at your small business finances and give them a thorough refresh too....
by Financially Sorted | Aug 8, 2024 | Property Investment, Tax & Accounting
Under the main residence exemption your family home is exempt from capital gains tax (CGT) when you dispose of it. But, like all things involving tax, is it ever that simple? A home is generally considered to be your main residence if: It is where you and your family...
by Financially Sorted | Aug 8, 2024 | Property Investment
Finding the right investment property for you is different from finding your own home. At the end of the day, the objective of buying an investment property is to make a decent financial return – whether that’s through rental income and / or capital growth. That’s why...
by Financially Sorted | Jul 30, 2024 | Business, Economy, Finance, Interest Rates, Land Tax, Superannuation, Tax & Accounting, Tax Returns
Will 2024-25 be another year of volatility or a return to stability? Personal tax & super As you would be aware (at least we hope so after a $40m public education campaign), the personal income tax cuts came into effect on 1 July 2024. At the same time, the...
