Month: October 2025

How long to keep tax records remains one of the most common compliance questions for Australian small businesses in 2025. Understanding clear record keeping requirements protects your business, keeps tax time stress-free and ensures you can claim every eligible expense. This guide from ACT Bookkeeping covers everything you need to know—whether you’re using paper records,…

The Medicare Levy explained: How it’s calculated and what it means for your business guides Australian business owners through the essentials of Australia’s public health system contributions. Many people find themselves puzzled each year when they spot the Medicare Levy on their income tax return, wondering how much tax applies, why it’s needed, and what…

If you’re a small business owner looking to pay less tax while building your retirement savings, salary sacrifice for super is one of the smartest ways to do it. This simple tax strategy can help reduce your taxable income, boost your superannuation fund, and improve your long-term financial wellbeing.Understanding How Salary Sacrifice WorksSalary sacrifice, sometimes…

Salary packaging explained — it’s a simple way for Australian employers to help employees reduce their income tax and increase their after-tax income, while enjoying tax benefits when managed correctly. This article examines how salary packaging works, the tax implications to consider, and how businesses can stay compliant with Australian tax laws.Understanding Salary PackagingSalary packaging,…