Preventing an ATO Audit: Small Business Benchmarking Essentials
If you are the owner of a Small Business, you need to start your business the right way if you want it to be successful. If your Small Business falls
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4 Reasons You Shouldn’t Neglect Your Financial Records Amid a Pandemic
We’re still battling a global pandemic, and many business owners are struggling to survive with the ongoing entering and exiting of lockdowns. One of the things that can go easily
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Our Guide to Protecting Your Business From Fraud
No business is ever safe from fraud! Although many think that fraud only involves large enterprises or global corporations that news programs report on, it actually occurs much more frequently
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How To Temporarily Treat A Second House As A Main Residence And Avoid Paying CGT
When capital assets are sold for a profit, Capital Gains Tax (CGT) must be paid. Assets such as real estate, shares, licenses, personal property and even cryptocurrency are characterised as
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You have just hired your first employee. What now?
Tasks and responsibilities with hiring as a new business owner. As your small business grows, you will need to hire employees. That’s definitely cause for celebration, but it also comes
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Vic / NSW relief packages update
There have been several Federal/ State Government relief packages announced recently for NSW and Victoria. However, the exact dates as to when applications become live have not been released for
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5 Tips to Sharpen Your Time Management Skills
Time management is a critical resource in every business venture, big or small. It also has an impact on more than simply your supporting company’s operations. As the classic saying
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ATO takes aim on lifestyle assets
The Australian Tax Office (ATO) have now extended its lifestyle assets data matching program for the 2020-21 financial year through to 2022-23. This allows the ATO to acquire insurance policy
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Individual Tax Lodgement Frenzy
After last year’s record-breaking amount of lodgements received by the ATO on 1 July, the ATO stated they will not begin the full processing of 2021 tax returns until 7
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Review your business structure today
We are already a week into the new financial year and now is the perfect time to ask yourself, “Is it time to review my business structure?” The business
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