Federal Budget Analysis 2025 Small to Medium Business
Key Highlights for Small to Medium Businesses in the 2025 Australian Federal Budget $999 Million in ATO Funding to Strengthen the Tax System The government is allocating $999 million over four years to enhance the Australian Taxation Office’s (ATO) compliance and enforcement efforts. This funding will extend and expand existing programs, including the Tax Avoidance […]
Fringe Benefits: What Are They and How They Benefit You
A Fringe Benefit is a ‘payment’ to an employee, but in a different form to salary or wages. Such as allowing an employee to use a work car for private purposes, reimbursing an expense incurred by an employee such as school or education fees. Rewarding your employees beyond their usual salaries is a great way […]
How Accounting Can Help Your Business Decision Making
Accounting can be an intimidating industry if you are unfamiliar with the concepts of the financial planning process, but it doesn’t have to be complicated! Our team at Locmans Advisors is here to help, below we have mapped out just how tracking and analysing your financial goals regularly can help you gain the confidence to […]
Business Activity Statements: What They Are & How To Lodge
f you are a business registered for GST you need to lodge a Business Activity Statement (BAS). BAS’s help you report and pay your When you register for an ABN and GST the ATO will automatically send you a Business Activity Statement when it is time to lodge. Here is where we come in! Locmans Advisors […]