What Is A Cash Flow Statement and How It Affects Business Decisions
What Is A Cash Flow Statement and How It Affects Business Decisions If you’ve ever been surprised by a sudden cash squeeze despite strong sales, or wondered whether you can afford a new investment, you’re not alone. Many business owners struggle to get a clear picture of where money goes. That is where a Cash […]
Single Touch Payroll (STP): What It Is and What Business Owners Need to Know
Single Touch Payroll (STP): What It Is and What Business Owners Need to Know Drowning in Payroll? It should not be a second full-time job. The Australian Government brought in Single Touch Payroll (STP) to simplify reporting wages, PAYG withholding and superannuation to the ATO, moving from annual summaries to real-time digital reporting each pay […]
How to Stay Ahead of the Game: Mental Health Coaching for Small Business Owners
How to Stay Ahead of the Game: Mental Health Coaching for Small Business Owners Running a small business is rewarding. It’s also hard work. Whether you’re a sole trader or you employ a few people, it’s easy to feel stretched, overwhelmed, or like you should always have everything under control. Here at Acctivate, we believe […]
Lenders Mortgage Insurance (LMI): A Simple Guide for Investors
Lenders Mortgage Insurance (LMI): A Simple Guide for Investors What is Lenders’ Mortgage Insurance or LMI? Buying property in Australia involves many costs. Beyond your initial deposit, you will need to budget for stamp duty, conveyancing, inspections and in some cases, Lenders Mortgage Insurance. LMI is a one-off premium that protects the lender if you […]
How Business Tax in Australia Is Computed: A Guide for SMEs
How Business Tax in Australia Is Computed: A Guide for SMEs If you run a small or medium business, you have probably asked how to work out business tax in Australia without nasty surprises at year end. Between sales, expenses, GST and BAS lodgements, it can feel like a moving target. The good news is […]
How the New Tax Law Affects You: ATO Interest Charges
How the New Tax Law Affects You: ATO Interest Charges If you’re running a small business in Australia, there’s an important tax change on the horizon that could affect your bottom line. From 1 July 2025, ATO interest charges will no longer be tax deductible for business, this shift could make managing late tax payments […]
Business Expense in Australia: What Can You Actually Claim As A Tax Deduction?
Business Expense in Australia: What Can You Actually Claim As A Tax Deduction? Running a small business comes with all sorts of challenges, and figuring out what counts as a business expense in Australia is one of them. You’re not just managing clients and sales; suddenly, you’re expected to be a part-time tax expert too. […]
How Bad Debt Deductions Can Help Your Business
How Bad Debt Deductions Can Help Your Business In business, dealing with late or non-paying clients is a sad fact of life. Whether it’s because of financial difficulties, business failure, or avoidance, unpaid invoices can significantly strain your cash flow. Fortunately, Australian taxation law permits businesses to write off some debts as bad debt deductions. […]
Tax Planning for Australian Businesses in 2025: A Comprehensive Guide
Tax Planning for Australian Businesses in 2025: A Comprehensive Guide Tax planning is an essential aspect of financial management for Australian businesses. As the tax environment continues to change, it’s essential that business owners remain updated and proactive. Proper tax planning not only helps in compliance with the Australian Taxation Office (ATO) guidelines but also […]