How do I get a ABN?

If you are running a business you will need an ABN, even if your business is not going to register for GST.  However you must also register for GST if you are a business and your current/expected annual turnover is $75,000 or more (or $150,000 or more for a non-profit organisation) and/or you provide taxi travel (regardless of turnover).   [...]

Superannuation Guarantee Charge– Insights from ND Accounting

  Why was the superannuation guarantee set up? The establishment of compulsory superannuation was a direct result of the financial challenges being faced by an expanding aging population.  The scheme was introduced on the 1st of July 1992, forcing all workers to save for retirement relieving the pressure on Australia’s age pension. Exemptions include employees [...]

Reducing the company tax rate over 10 years

  The government will reduce the company tax rate to 25% over 10 years (i.e., by 1 July 2026). This measure will commence from 1 July 2016, whereby the government will cut the small business company tax rate to 27.5%, and make this tax rate available to small companies with an annual aggregated turnover of [...]