Did you know that the ATO examines every tax return? Earlier this year, the Australian Taxation Office (ATO) declared it would be cracking down and increasing its focus on taxpayers claiming incorrect work-related expenses. It’s important to make sure that you aren’t claiming more than you are entitled to! The ATO uses real-time data to […]
Submitting your tax return might seem like a chore, but this year, before you race off to the shops on a spending spree, consider a few smart ways to use your tax refund. Below are some ideas to get you thinking about how you could invest that money. Pay off personal debt Do you have […]
The decision to sell your business does not come lightly for business owners and often the next decision that follows is whether or not to sell the business premises too. There are substantial pros and cons to weigh up in whether to hold onto the property. Some of the possible advantages and benefits of simultaneously […]
PROPOSED Employer Superannuation Guarantee Amnesty The government announced in May 2018 the commencement of a one-off 12-month Superannuation Guarantee Amnesty for employers (available from 24 May 2018 to 23 May 2019). This will be an opportunity for employers to self-correct past super guarantee (SG) non-compliance without penalty. Employers who voluntarily disclose previously undeclared SG shortfalls […]
Inventory management is often one of the key ingredients to growing a successful business and businesses typically have a lot of cash tied up in stock – often resulting in cash flow challenges.