Future Advisory - Accountants in Australia

 Parental leave is a life-saver—literally giving you time and space to bond with your new bub without sacrificing income completely. But when Centrelink’s involved? Well, let’s just say it’s not always a smooth ride. Whether you’re expecting, adopting, or managing a growing team, understanding parental leave through Centrelink is essential. So, let’s clear up the confusion and answer the real questions people are asking, Future Advisory-style—clear, friendly, and a little bit cheeky when needed. What Does Centrelink Actually Offer? Centrelink runs the Paid Parental Leave (PPL) scheme , giving eligible working parents access to government-funded income support when they take time off work to care for a newborn or recently adopted child. Here’s the lowdown: 20 weeks (or 100 days) of paid leave at the national minimum wage (currently $882.75 per week before tax). Available to both parents , with flexible options to split the leave. You can spread the leave across two...

 Ever get that sinking feeling when another acronym lands in your inbox—ATO, BAS, PAYG, and now... PTX? If you're running a business, you're probably juggling everything from hiring and paying staff to keeping the books in check. And then, just when you think you've got it sorted, payroll tax comes knocking. Don’t stress—we’ve got your back. Let’s unpack payroll tax in plain English, explore how  PTX Express  makes compliance easier, and show how we at Future Advisory can help you stay ahead of the game. Payroll Tax in a Nutshell Payroll tax  is a state government tax on wages paid by businesses over a certain threshold. It’s calculated based on your total wage bill—including salaries, superannuation, commissions, bonuses, and even payments to some contractors. Each state sets its own thresholds and rates. For example: Victoria : Threshold = $700,000, Rate = 4.85% Regional Vic : Lower rate of 1.2125% applies NSW, QLD, SA, etc. : All with different rules Sound confusi...

 Ask any tradie what they love about their job, and you'll probably hear: "Being on the tools," "Working outdoors," or "Running my own show." You probably won’t hear: “I just love reconciling bank transactions on a Friday night.” Fair enough. But here’s the kicker: getting your books sorted isn’t just about staying on the ATO’s good side—it’s about building a profitable, scalable, and stress-free business. In other words, bookkeeping for tradies is less about admin, and more about strategy. Let’s break down why your numbers matter more than you think—and how tradies who take control of their bookkeeping set themselves up to win. Think Bigger: What Good Bookkeeping Actually Does Too often, bookkeeping gets lumped in with “the boring stuff.” But smart tradies know it’s the foundation of every good decision. Here’s what quality bookkeeping actually gives you: Visibility – Know exactly how much money you made this week, month, or quarter. Cont...