NEWS – FROM THE PRINCIPAL
The ATO is actively pursuing tax debt. If you are a director, you need to read this!
First there were the 2019 Black Summer bushfires and then Covid which led the Australian Tax Office to give across the board leniency for tax debt. But all that’s behind us now and the ATO is actively pursuing tax debt in all forms. If you are a director of a company,...
Considering business expansion? Success begins with planning. Learn why.
As accountants, we understand the drive most business owners have to grow and expand their business. But for many, it’s hard to know where to start and how to reduce the risks that come with business growth. The simple answer is, successful business expansion...
Cash flow – the heartbeat of every business
What’s the universal challenge every business faces at some point? Poor cash flow. Large, small or medium sized, they all experience periods of cash flow stress. We have lots of ways we can assist our clients with their cash flow challenges so please get in touch if...
Beware the ATO Grinch!
Christmas can be a tricky time for business owners. From managing cash flow to arranging safe, fun Christmas parties for staff, there are many hidden perils and here’s another … Fringe Benefits Tax on gifts or parties for staff and customers. Fringe Benefits Tax (FBT)...
How to keep your staff Christmas party fun, safe and budget friendly
Employees love an end of year Christmas Party and it’s a great way to show your team you value their contribution. However, things can go wrong. Here is our guide to having a fun staff Christmas party without breaking your budget or any HR rules. Tip 1: Don’t...
Don’t let Christmas cash flow issues spoil your ho, ho, ho
We don’t normally begin with alarming statistics, but this time we are and then we’ll give you some solutions. The Australian Bureau of Statistics recently released data that revealed: 50% of businesses started in 2019 were permanently closed by June 2023 In those 4...
Ever heard of spring cleaning your debt? Read our short guide.
Spring is here and after a barrage of rising costs and interest rates, now is the perfect time to spring clean your debt. If you own a business, divide your financial spring cleaning into two groups – business and personal – and do each one separately. Here are our 3...
For many, it’s a teary farewell to the Low and Middle Income Tax Offset so what happens now?
Tax law is constantly evolving and changing. Sometimes policies are introduced for a specified period and sometimes they are permanent. When it comes to the Low and Middle Income Tax Offset, it was great while it lasted but now it’s gone. So what does that mean for...
New financial year, more impacts on your business profitability! Learn more
July 1 saw the introduction of a number of government policies that will impact your business overheads. We can help you understand how they may affect your costs, cashflow and current pricing. In the meantime, here’s what you need to know: Impact 1: Energy...
Waiting until June 30 to get your tax planning in place is too late!
If you haven’t done so already, you need to get in touch with us to discuss your legitimate tax minimisation options. To get you in the mood, here are our top 5 tips when working with business clients. It’s one of our favourite ways to help. But remember, every...
