Small business tax incentives for training and upskilling employees and improving digital and tech capacity are back on the table.
Business fundamentals include reliable cashflow, tax planning and effective systems. These are instrumental for getting through the tough times, but even more importantly, for being ready to capitalise on opportunities when they come. Here we overview the business fundamentals you need to have in place …
Practical strategies for business owners The hits just keep on coming… ongoing effects from COVID, the great resignation, inflation, wage rises and general business uncertainty. But it’s not all bad news, in fact there’s lots you can do to help your business adapt. In this article we outline positive and proactive approaches for running your…
A recently issued Tax Determination affecting Discretionary Trusts and corporate beneficiaries may have implications for how family groups distribute income.
Employers need to be aware of two important superannuation changes from 1 July 2022.
Taxpayers are warned not to ’double dip’ on tax deductions. Here are three common items that are often claimed twice.
Employers are reminded that their Superannuation Guarantee obligation for the 1 January 2022 to 31 March 2022 quarter is due by 28 April 2022.
Small employers are on notice as the ATO gets serious about Single Touch Payroll (STP) reporting.
Multiple changes to superannuation legislation are now in place and the ATO has put Trustees of SMSFs on notice in relation to record keeping. If you are unsure of your obligations, it’s important to seek advice.
The ATO has reminded employers to consider their tax and super obligations when employees are provided with incentives or rewards for getting their COVID-19 vaccination. When employees are provided a cash payment, including paid leave for employees to get their COVID-19 vaccination (or additional paid leave to recover from any vaccination side effects), employers should…