Category: Uncategorized

If you’re not already using Single Touch Payroll Phase 2 in your payroll software, you may have more time before you have to start using STP 2. Talk to us today to check your payroll systems and software before upgrading to STP Phase 2. Employers should now know of the Single Touch Payroll Phase 2 reporting requirements. […]

Do you need extra funding to take the next step in your business strategy? We’ll help you review the lenders and finance products – so you have the best possible routes to finance. Every business needs finance to get the initial enterprise off the ground. You may well have entered into finance arrangements to fund […]

A few simple steps can help to cut down your business expenses. We’ll help you spot the areas where costs can be cut and use the latest tech to manage the numbers. Keeping the business in a positive cashflow position is vital. But you can only do this if your cash inflows (sales revenues and […]

The devastating and tragic invasion of Ukraine by Russian forces has brought and will continue to bring heartbreaking impacts to the lives of millions. Our thoughts are with those affected, and all of us here at AGS Financial Group hope for as peaceful and speedy a resolution as possible. You may be wondering about the […]

Different business structures pay taxes in different ways. Although there are many taxes that a business might be affected by, the main ones are goods and services tax, income tax, pay as you go withholding tax for employees, payroll tax and excise tax. Other taxes that a business could encounter are fringe benefits, capital gains, […]

Australian residents pay income tax on all forms of income, after a tax-free threshold of $18,200. Tax is calculated at four different rates according to how much income you earn each year, and the tax rate increases the more you make. The highest tax bracket applies to those with a taxable income of more than […]

Do you know how much tax you pay on superannuation contributions and withdrawals? The amount of tax depends on several factors, and it’s possible to minimise the amount you pay by understanding how the tax on super works. Tax on super is generally a lower rate than the tax on your income, and by using […]

What are your business goals for 2022? The beginning of a new calendar year is an excellent time to review the year just finished and reflect on what worked, what didn’t, what you’d like to change and new things you’d like to implement. Last year, there were inescapable impacts on businesses, with some thriving, others […]

Key tax & lodgement dates for the February – April 2022 21 February Lodge and pay January 2022 monthly business activity statement. 28 February Lodge tax return for: non-taxable large/medium entities as per the latest year lodged. new registrant large/medium entities Lodge and pay Self-managed superannuation fund annual return for new registrant SMSF’s. Lodge and […]

Effective goal setting will help you get the very best out of the year. Our 5 goal-setting tips will help small business owners reach new highs. Wouldn’t it be great to have your best year ever, this year? Whether you want to grow your business or take more time for yourself, these goal-setting tips can […]

There’s been an ever-increasing amount of hype around Cryptocurrencies, with many people either curious, clueless or outright keen to cash in. Here we outline some of the basics, as well as put forward the cases for and against investing in this emerging asset class. What is a Cryptocurrency? Perhaps the best starting point is to […]

How do I apply for a Director ID? Each individual director must apply for their own Director ID directly, to verify their identity via the ABRS website, where you will click on the heading Apply for your Director ID. For most directors, the three-step registration process can be done online and reasonably efficiently (i.e., in […]

Not sure if you’re earning personal services income or conducting a personal services business? Special rules apply to PSI. Talk to us and we’ll check the type of income and ensure you are claiming the maximum allowable deductions and not being overtaxed. Personal services income (PSI) is income received as payment for individual personal efforts […]

A business cash flow forecast will give you vital business intelligence to help you scenario-plan, search for cost-savings and look for strategies that will preserve your cashflow position. Let’s talk. Projecting your cashflow pipeline forwards during a crisis is vital. To be able to navigate the future path of your cashflow, you need to start […]

A study conducted by the Australian Stock Exchange reported an increasing number of younger “Next Generation” investors, with the average age of current investors being 46, and “intending investors” being 34. These younger Australians were found to be knowledge seekers, keen to take on life and begin their journey towards financial security. If this describes […]