The Government has updated details for it’s latest Coronavirus support package for Business. As at 31/3, the following support initiatives have been announced (extracted from treasury.gov.au on 31/3/2020) “The Australian Government is supporting Australian businesses to manage cash
From 1st July 2018, all businesses who have 20 or more employees need to be set up for Single Touch Payroll (STP) which, in a nutshell, is direct reporting to the ATO of PAYG and Super contributions every payday. Businesses
The Australian Tax Office (ATO) is targeting privately owned and wealthy groups that display specific behaviours and characteristics in relation to their tax affairs and lifestyle. A large focus is currently on lifestyle assets and private pursuits that generate deductions
Have your books gotten into a mess? Here are our top tips for getting back on top of things: Simplify your bank accounts. The easiest way for books to get in a mess is by using multiple bank
Unless you are in the business of rental property investing, most residential rental property investors can no longer claim a deduction for travel costs incurred when inspecting, maintaining or collecting rent from rental properties. The new legislation was introduced from
The ATO is warning Australian taxpayers to be careful with their personal information. The crime of identity theft can create a number of issues for a victim, such as a poor credit rating, money stolen and bank accounts emptied, and
Holiday rentals provide you with a home away from home to spend time with your loved ones and a steady source of income while renting it out. To ensure owning a holiday rental brings you the greatest dividends, keeping valid
Small business owners deal with many issues on a daily basis. Between managing staff, suppliers and customers, running a business can be quite stressful. Around 45 per cent of Australians aged 16-85 will experience a common mental health-related condition in
Our culture is one of care, not just for our clients and our staff, but also for the community in which we live and work. This includes donations to various charities and community organisations. One of these is the Breast
Small businesses with a turnover of less than $10 million from 1 July 2016 can write-off assets costing less than $20,000 each up until 30 June 2018. Under the simplified depreciation rules you must immediately write-off most depreciating assets costing
