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 […]
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 […]