Month: October 2025

Understanding Fortnightly Tax Tables: How to Calculate PAYG Withholding Correctly is the first step toward accurate and compliant payroll. Getting the tax calculations right ensures employees receive the correct amount in their pay, and employers stay on track with the Australian Taxation Office (ATO). At ACT Bookkeeping, we know managing employee payments can feel overwhelming,…

Learning how to estimate your business tax return accurately is crucial for Small and Medium-sized Entities (SMEs) planning their finances in Australia. This guide provides clear steps to calculate your tax payable, understand your potential tax refund, and use helpful tools like a tax calculator to forecast your obligations. You’ll discover practical methods to determine…

Tax rate changes in Australia directly impact your business cash flow, requiring immediate attention to manage liquidity, avoid compliance penalties, and maintain operational stability. With the Australian Taxation Office (ATO) increasing enforcement and multiple rate adjustments taking effect throughout 2025, understanding these changes has never been more critical for your financial planning.How Tax Rate Changes…

Avoiding surprise corporate tax bills is crucial for Australian businesses, as unexpected tax obligations can significantly impact cash flow and create unnecessary financial stress. Understanding eligibility requirements and recognising common mistakes can help companies stay compliant while managing their corporate tax obligations effectively throughout the financial year.Understanding Corporate Tax Eligibility TestsCorporate tax eligibility in Australia…