Small businesses entitled to refunds of GST may not be aware of the four-year time limit on claiming those refunds. Your entitlement to a GST credit ends four years from... read more →
Starting a successful business requires three things:- A good idea,- The right amount of capital you’ll need, - and Creativity.However, with the challenges many businesses faced over the last few... read more →
You may have heard a lot of buzz in the news regarding electric cars. What was once a car for the elite is now a far more common sight on... read more →
These days, your tax return is almost like an honesty test. From Centrelink payments to health insurance, child support to bank interest, the ATO sees all and seemingly knows all.... read more →
With client needs and team capabilities constantly changing within the business world, we recommend you pause and reflect on your own critical business processes to see if you can spot... read more →
It is your responsibility as an employer to set up your business to pay super into your eligible employees' chosen super funds or their stapled super fund where no choice... read more →
It may seem like the importance of record-keeping is overly stressed by us, but it’s a critical part of the wrap-up of the year-end. Good record-keeping makes it easier to... read more →
Maximise your tax deductions for the 2021-22 financial year by conducting a thorough review of your records. But to do that, you need to know where to start. Here are... read more →
Benjamin Franklin once famously said, “if you fail to plan, you are planning to fail”. He may not have been referring specifically to businesses but it is an apt statement... read more →
Tax deductions introduced by the Australian Taxation Office to lessen the impact of COVID-19 are approaching the end of their eligible timeframe. To ensure that you or your business do... read more →
Your Work-Related Tax Deduction Checklist For This Year’s Tax Return Made EasyThe end of the financial year is coming up (30 June), and you may be looking for ways in... read more →
We have pleasure in enclosing a summary of the tax, superannuation and social security highlights from the Federal Government's 2022/23 Budget. Addressing Cost of Living Pressures – temporary reduction in... read more →
A business plan establishes the goals and objectives of a business and outlines how they will be achieved. It is vital, especially for small businesses, to review progress and update... read more →
The Morrison and Berejiklian Governments announced yesterday a combined economic support package worth up to $5.1 billion aimed at saving jobs and protecting businesses through the current COVID-19 lockdown. The... read more →
The calculation of income tax for businesses becomes more complex as business activities and income streams grow. There are two primary considerations that arise when calculating income tax: assessable income... read more →
This time of year many clients take the opportunity to have a proactive tax and compliance planning strategy before the end of the financial year in order to maximise tax... read more →
Businesses should aim to move towards digitising their tax, super and employee related documents as per recommendation by the ATO. Digital record-keeping has many advantages: • Streamline accounting practices by... read more →
Cultivating a small business beyond its initial customer base can be very challenging. These are some things you can do to grow customer base and your business income. Get to... read more →
Signs of growing revenue and profits are ones that indicate your business is succeeding. This does not reduce the importance of continually making small changes that will improve profitability of... read more →
At the end of the year, it is important for businesses to set time aside to reflect and ensure a strong finish and a fresh start. • Review last year’s... read more →