Are you thinking about making the switch from online to a bricks-and-mortar store? We can help with some of the big questions to ask yourself before you open your retail space.
Putting important company policies in place makes key rules and guidelines official, keeping your workplace productive and safe and giving employees and customers confidence.
How people feel often drives their decisions. In your marketing, it can be simple but powerful. For yourself, you might want to take a breath and reset.
Technology is changing how we do business. But how do you start this digital transformation? We’ve highlighted five of the big challenges to plan for and overcome.
Imposter syndrome is a common challenge faced by many business owners. It can hinder personal growth, decision-making, and overall well-being. It impacts 70% of business owners at some point. We look at steps you can take to overcome and move forward.
Tax may be boring, but smart use of tax planning is a superb way to help your company do more with your money.
Changes to Individual income tax rates and thresholds from 1 July 2024.
Welcome to 2024! To help you understand your tax obligations as you get back into the swing of things, here is a list of key tax dates for March 2024.
The beginning of a new calendar year is an excellent time to review the year just finished and reflect on what worked, what didn’t, what you’d like to change and new things you’d like to implement.
When you’re in control of your profit and loss (P&L), you have a tighter hold on the reins of your profitability. Read our Plain English guide to P&L and learn how to boost your profits.
4 in 5 employers, globally, report difficulty finding the skilled talent they require. So, how do you find the people your business needs? Here are five ways to beat the global talent shortage.
The company Christmas party doesn’t have to be a massive bash or a boring, box-ticking exercise. This article has lots of tips to ensure the Xmas is fun as well as being healthy and respectful.
How can your small business compete with the big multinationals? Here’s how to maximise your boutique appeal to retain existing customers and draw in new ones.
Do you check your supplier ABNs? Correct tax codes are essential for getting GST on the BAS right. Now is a good time to review supplier ABNs and GST status. Get in contact, and we’ll make sure you’re not paying more GST than you need to.
The ATO is warning businesses to engage with their tax and super obligations to avoid having their debts disclosed to credit reporting agencies (CRAs).
Planning on purchasing a business? We’ve got five key questions for you to consider before you dive in at the deep end and complete the acquisition.
Want to push your business to the next level? We’ve shared 10 hot questions to ask yourself as a business owner, with advice on how they will drive your growth and success.
Are you paying body corporate fees for your rental property? Not all body corporate fees are immediately deductible.
As a business owner, how much should you pay yourself? It depends on how much your business can afford, market pay rates, and whether reinvestment could pay dividends.
Are you looking to purchase assets for your business? Eligible businesses can spend up to $20k per asset and immediately claim the tax deduction and GST. Talk to us about the best strategy for purchasing business assets.
We live in uncertain financial times, where running a successful business can be a challenge. We’ve highlighted five strategies for navigating economic uncertainty.
Is your business content full of cliches, jargon and overly wordy messaging? Keeping your writing simple is the easiest way to get the very best from your marketing content.
Positive cashflow is the beating heart of your business. Dive into our Plain English guide to cashflow and find out how to get in complete control of your cash position.
How many business hours do you spend sitting in front of a screen? Why not start focusing on your own health as well as your business health.
Want to cut your business costs? We’ve highlighted the business expenses that can (and cannot) be claimed against your ATO tax bill.
With the ATO shifting its focus on taxpayers with outstanding tax lodgments and debts, find out how to avoid being penalised at the increased penalty rates in 2023–24
Can ChatGPT replace your marketing team? The short answer is no, but AI content writing can be a great productivity tool for any small business. We’ve got some tips.
Are you ready for TPAR? Update your supplier information now in preparation for your taxable payments annual report lodgement by 28th August.
The ATO has recently released a tax guidance (PCG 2023/1) for claiming tax deductions for working from home.
You need to be aware of these changes so that you can keep the appropriate records to maximise your tax claims in your 2023 Tax Return.
The 120% skills and training, and technology costs deduction for small and medium business have passed Parliament. We’ll show you how to take maximise your deductions.
The digital games and interactive entertainment sector is the largest creative sector in the world and one of the fastest growing industries worldwide. The global digital games industry is worth around $250 billion and in Australia, grew 22% between 2020 and 2021 generating $226.5 million in income and employing over 1,300 fulltime workers. And, it’s an industry the Government wants to support with a new tax offset.
What's changed for Employers and Business, Superannuation and for you and your family?
For employers, incorrectly calculating wages is not portrayed as a mistake, it’s “wage theft.” Beyond the reputational issues of getting it wrong, the Fair Work Commission backs it up with fines of $9,390 per breach for a corporation.
The explosion of OnlyFans, YouTubers, TikTokers and others all offer an opportunity for ‘content creators’ to profit from the audiences they generate. But now the Tax Office has given notice to the booming industry.
In a pre-Budget announcement, the Government has committed to a Small Business Energy Incentive Scheme that offers a bonus tax deduction of up to $20,000.
The Australian Taxation Office (ATO) has launched a full-on assault on rental property owners who incorrectly report income and expenses.
From 1 July 2023, access to the Government’s Home Guarantee Scheme will be expanded to joint applications from “friends, siblings, and other family members”
Just in time for the Fringe Benefits Tax (FBT) year that started on 1 April, the Australian Taxation Office (ATO) has released new details
on electric vehicles.
The 2023-24 Federal Budget will be released on Tuesday, 9 May 2023. Look out for our update the next day on the important issues to you,
your superannuation and your business.
Earn-out clauses for the sale of a business are increasingly common. We look at the positives and negatives that every business owner should
consider.
From 1 July 2023, a new reporting regime will require platforms that enable taxi services including ride sourcing, and short-term accommodation to report their transactions to the ATO each year.
When you start up a business, inevitably, it consumes not just a lot of time but a lot of cash and much of this is money you have already
paid tax on. So, it only seems fair that when the business is up and running the business can pay you back. Right?
STP is the way you report your employees' tax and super information to the ATO and Phase 2 provides additional information that will be used by the ATO.
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home.
A consultation paper released by Treasury has sparked a national debate about the role, purpose and access to superannuation ahead of the 2023-24 Federal Budget.
Taxpayers claiming deductions on holiday homes are in the ATO’s sights.
The general transfer balance cap (TBC) – the amount of money you can potentially hold in a tax-free retirement account, will increase by $200,000 on 1 July 2023 to $1.9 million.
From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to superannuation.
The Government’s ‘Secure Jobs, Better Pay’ legislation passed Parliament on 2 December 2022. We explore the issues.
The ATO has released its final position on how it will apply some integrity rules dealing with trust distributions.
It’s that time of year again - what to do for the Christmas party for the team, customers, gifts of appreciation for your favourite accountant (just kidding), etc. Here are our top tips for a generous and tax effective Christmas season.
In the wake of the Optus data leak, legislation before Parliament will lift the maximum fine for serious or repeated breaches of the Privacy Act from $2.2m to up to $50m.
I got a text the other day “Hi Mum, I have broken my phone and I am using this number.” The “Hi Mum” scam has exploded with more than 1,150 Australians falling victim to the ploy in the first seven months of 2022.
Sportspeople, media personalities, celebrities and ‘insta’ influencers beware. The ATO has taken a U-turn on how fame and image should be taxed.
Low interest rates have been a mainstay since the global financial crisis of 2008. Coming out of COVID, supply could not keep up with demand to support the recovery, pushing inflation higher and broader than expected for a longer period of time.
Heading into the 2022-23 Federal Budget on 25 October, the question for the Australian Government is not whether to introduce personal income tax cuts but whether to keep, amend or repeal the cuts legislated to commence on 1 July 2024
Queensland backs down on Australia wide land tax assessment
The Optus data breach is top of mind for a lot of Australians, particularly those who have had their data breached.
Everyone knows you don't pay tax on your family home when you sell it... right? We take a closer look at the main residence exemption that excludes your home from capital gains tax.
Whatever your requirements, we can help you find the solution.
