The main financial statements include the Income Statement (Profit and Loss), Balance Sheet, and Cash Flow Statement. These statements provide insights into a company's profitability, financial position, and cash flow.

The deadline for individual tax returns in Australia is usually October 31st. However, this may vary, so it's essential to check the current tax year's deadlines.

Individuals earning income above a certain threshold, self-employed individuals, and those with complex financial situations are generally required to lodge a tax return in Australia.

 Deductions can include work-related expenses, charitable donations, medical expenses, and more. It's crucial to keep accurate records and consult with a tax professional for specific details.

 STP is a reporting system introduced by the Australian government, requiring employers to report salary and wages, PAYG withholding, and superannuation information directly to the Australian Taxation Office (ATO) during each payroll cycle.

 STP streamlines payroll reporting processes, reduces the reporting burden on employers, and enhances the accuracy and timeliness of information reported to the ATO.

Superannuation provides financial security in retirement, potential tax advantages, and may offer insurance coverage through the fund.

Businesses with an annual turnover of $75,000 or more (or $150,000 for non-profit organizations) are required to register for GST.