It may feel like we’ve just returned from the Christmas break, but Q4 is nearly here. You know the drill: hiring, buying gear, pulling out cash, all with one eye on tax and the other on the bank balance. If you don’t have financial systems in place before March, EOFY...
If you’re running a building and construction business, one of the first big decisions you’ll face is whether to bring someone on as an employee or engage them as a subcontractor. It might seem like a simple decision based on flexibility or cost, but it...
As the end of the financial year approaches, one of the most valuable things you can do is take a proactive approach to your tax, financial structures, and asset protection. At Growth IQ, we don’t just lodge tax returns after the financial year has ended—we work with...
With the introduction of the new Australian Wage Compliance Code, business owners can no longer afford to treat payroll as an afterthought. Intentional underpayment can now be a crime. Mistakes, whether they are intentional or not, can result in serious penalties. The...
Family trusts are a popular structure for wealth management and minimising tax. By making a Family Trust Election (FTE), trustees can access certain tax benefits, but the Australian Taxation Office (ATO) has significantly increased its scrutiny of these arrangements....
As we wind down 2024, it’s the ideal time for small business owners to pause, reflect, and realign their strategies for the year ahead. Whether you’re looking to streamline operations, retain top talent, or improve profitability, the new calendar year offers a fresh...
