Archive for December 2022
Director IDs – late fines, extensions and registration bugs
Approximately 700,000 Australian Company Directors failed to meet the ATO deadline of 30 November to register for their Director ID number. Thankfully, the ATO has confirmed an extension until 14 December to get this done, or face a fine of up to $13,200. The mandatory system was introduced in 2021 to combat illegal phoenixing activity,…
Read MoreATO targets small business on late and upaid tax
Small businesses are one of the biggest contributors to the national tax debt, according to the ATO, and now they’re cracking down to recoup the $11.9 billion owed. Regular tax collection and penalties for late payment are ramping up from January 1, 2023. So what do you need to do to stay on the right…
Read More2023 business people and workplace trends
There is a real family and lifestyle theme to the business people and workplace trends of the future. This comes after two years of social distancing and the governments new strategy of encouraging primary carers back to work to help alleviate the skills shortage. Here’s what you can expect to see some top employers offering…
Read More6 tips for being better off in 2023
2023 is likely to bring further inflation, interest rate rises and higher cost of goods and services. Now is a good time to consider how to make your money stretch further so you can be better off in the areas that mean the most to you. 1. Run a spending audit Print your bank statements…
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