Managing a business in Australia comes with various financial responsibilities, one of which is ensuring compliance with the Australian Taxation Office (ATO). For many business owners, tax obligations can become overwhelming, especially during challenging times. Fortunately, the ATO provides payment plans to help manage tax debts effectively. At Ample Finance, we believe it's [...]
As an essential component of employee entitlements in Australia, Long Service Leave (LSL) plays a crucial role in workforce management and employee satisfaction. For employers, grasping the intricacies of LSL is vital to fostering a positive workplace culture and ensuring compliance with legal obligations. This guide aims to provide Australian employers with a [...]
In recent years, the Australian Government has implemented reforms to streamline superannuation payments, one of which is the introduction of "Payday Super." This change aims to ensure that employees receive their superannuation payments in line with their regular payday, rather than on a quarterly basis. As an employer, understanding this new system is [...]
As an Australian property investor, understanding the intricacies of capital gains withholding is essential, especially if you are dealing with foreign residents. In this guide, we break down what capital gains withholding entails, your obligations, and key considerations when buying or selling property as a foreign resident in Australia. What is Foreign Resident [...]
As the Australian financial year comes to a close, many individuals and businesses find themselves anticipating tax time. With complex tax regulations and potential deductions, the question arises: do you really need a tax accountant? Here at Ample Finance, we aim to help you navigate this important decision. Understanding the Role of a [...]
Welcome to Ample Finance! As part of our commitment to equipping Australian businesses with the knowledge they need, today we’re diving into the essential topic of ATO clearance certificates. If you're a business owner or involved in a company transaction, understanding what these certificates are and their implications for your operations is crucial. [...]
Understanding the Tax Implications for Married Couples in Australia Navigating the intricacies of the Australian tax system can be complex, especially for married couples. Understanding the tax implications relevant to your situation is crucial for effective financial planning. At Ample Finance, we aim to clarify these nuances to help you make informed decisions. [...]
Introduction As an Australian family, navigating the financial landscape can be complex, especially when it comes to maximizing your entitlements under the Family Tax Benefit (FTB) system. At Ample Finance, we understand how essential these benefits are to your household budget. This comprehensive guide will help you understand the FTB, the eligibility criteria, [...]
As the end of the financial year approaches, it’s time for office workers across Australia to consider their tax returns. Understanding allowable deductions is vital for maximizing your refund and ensuring you meet your tax obligations. Here’s a comprehensive guide tailored for office workers from Ample Finance to help you navigate common deductions. [...]
As an Australian accounting firm, Ample Finance is dedicated to helping clients navigate the complexities of superannuation. Understanding the distinctions between concessional and non-concessional contributions is crucial for effective retirement planning. This comprehensive guide aims to clarify both types of contributions, their benefits, limitations, and how they impact your superannuation strategy. What are [...]
Understanding Your Tax Obligations in Australia Navigating the Australian tax system can be daunting, especially when you're unsure about your obligations. A common question many earners have is whether they need to lodge a tax return if their income is below a certain threshold. Specifically, if you earn under $18,000, do you need [...]
Understanding Tax Implications: Do Subcontractors Really Pay More? At Ample Finance, we understand that navigating the world of taxation in Australia can be daunting, especially for subcontractors. Many individuals and businesses in the construction and service industries grapple with the question: Do subcontractors really pay more in taxes compared to employees? Let's explore [...]
At Ample Finance, we understand that navigating the complexities of capital gains tax (CGT) can be daunting for property investors and sellers in Australia. One essential tool that can clarify obligations and streamline transactions is the Capital Gains Clearance Certificate. This article aims to break down what these certificates are, how they work, [...]
Sole Traders in Australia: Understanding Your Tax Obligations and Payment Frequency As a sole trader in Australia, you are self-employed and essentially running your own business, which brings with it a host of responsibilities and obligations. At Ample Finance, we recognize that navigating the financial landscape can sometimes feel overwhelming, especially when it [...]
Introduction At Ample Finance, we believe it's crucial for investors to understand the nuances of fully franked dividends. As an Australian investor, you may come across companies that offer fully franked dividends as part of their return on investment. But what does this mean for your tax obligations? In this article, we will [...]