Accounting
It’s time to update your SMSF Trust Deed to remain compliant and benefit from new legislative opportunities!
You may be aware of recent changes to that impose new obligations on SMSF Trustees that will need to be complied with by all Funds each quarter.
There are also extensive changes that have been proposed/flagged that will impact many SMSF’s, and what they are required to report to the ATO.
Read MoreFederal Budget Wrap 2023-24
Treasurer, Jim Chalmers, delivered the 2023-24 Federal Budget last night, where the Government has outlined a raft of measures which aim to strike a “considered, methodical balance” between fiscal restraint and supporting Australians through the current difficult times. The Government has announced a small surplus of $4.2 billion this financial year, the first in 15…
Read MoreAccounting Bank Feeds – Problems, causes and solutions
For many businesses, using bank feeds to automatically import transactions into their accounting software has become a convenient and time-saving solution.
Read MoreBusiness Growth in 2020’s
Like many businesses, the last 3 years have been a steep learning curve to navigate. The disruptions from COVID lockdowns, staff shortages and interest rate hikes, it’s been almost too much to keep a business going let alone grow a business.
Read MoreHow to eliminate FBT on your company car
How to eliminate FBT on your company car? Are you sick of paying as much as $9,000 fringe benefits tax (FBT) on your company car each year? There is a solution. The Government is exempting FBT on all electric cars and plug in hybrids, purchased after 1st July 2022. The purchase price must be less…
Read MoreDirector 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 MoreThe Top 3 Reasons to Hire an Accounting Firm for Your Business and Why It Can Save You Big!
At the beginning of your journey into entrepreneurship, it’s relatively easy to keep a handle on your business finances. But as your company grows, you suddenly have much more on your plate, from suppliers and customers to employees and logistics. The good news is that you’re reaching new heights with your business. The bad news…
Read MoreFederal Budget – the biz and finance wrap
By now, we’re all familiar with the political rhetoric around ‘tightening our belts’ to recover the $36.9 billion Federal Budget deficit and survive higher cost of living. The recently announced budget suggests that resource prices, taxes and low-unemployment are crucial to economic recovery. Read on to discovery how those budget themes will impact SME’s. A…
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