Bendigo Accounting & Finance Blog

As we usher in a new year, businesses and individuals must know the significant changes to state taxes. We are here to guide you through these changes and help you understand their implications, brought about by the State Taxation Acts and Other Acts Amendment Act 2023. These amendments will impact several acts, including the vacant residential land tax and prohibitions on land tax and windfall gains tax apportionment. 

The holiday season is quickly approaching, and while this time of year is full of fun and festivities, it can also be financially stressful. With all the trips, presents and festive meals, you can spend more than you planned. To help you manage your finances during this period, LEAD Advisory Group has put together some tips to help you save money and avoid giving the ATO a bonus this festive season.

Superannuation Guarantee (SG) is a mandatory contribution employers in Australia make for their employees' retirement savings. Despite being a legal obligation, many Australian workers are cheated out of these essential savings, as evidenced by recent estimates by the Australian Taxation Office.

Businesses are encouraged to join the movement in a world where energy efficiency and renewable energy sources are gaining increasing attention. The government has taken a significant step in this direction by introducing a bonus tax deduction for small and medium enterprises (SMEs) that invest in energy-efficient upgrades. This article will delve into the details of this incentive and how your business can leverage it.

Social media platforms have revolutionised how people connect and share content. However, like any tool, it can also be used for malicious purposes. In 2022, the Australian Taxation Office (ATO) uncovered one of the biggest tax frauds in history, involving the use of social media app TikTok.

Tax refunds have become smaller for many Australians, leaving taxpayers wondering why. As a nation heavily reliant on personal and corporate income tax, Australians expect rewards for the amount they pay. However, if you've noticed that your tax refund isn't as sizeable as it used to be, you're not alone. There's a reason behind this change, and we're here to explain it.