Record-Keeping Requirements for Sole Traders

Record-Keeping Requirements for Sole Traders

Record-keeping requirements for sole traders are a crucial part of managing your tax obligations and keeping your business running smoothly. If you’re running a sole trader business, you know how quickly paperwork can pile up. Staying on top of what to keep, how long to keep it, and what’s needed for your tax return can…

How to Calculate Annual Leave Loading: Step-by-Step Guide

How to Calculate Annual Leave Loading: Step-by-Step Guide

Learning how to calculate annual leave loading is a common challenge for Australian business owners and payroll teams. Annual leave loading is an extra payment employees may be entitled to when taking paid annual leave, designed to compensate for potential extra expenses incurred or lost penalty rates during holidays. Getting this right is important for…