The ATO is increasing its audit focus on businesses that use contractors. It is essential that employers, employees and contractors know the difference between a contractor and an employee. It... read more →
Business owners should be taking the time to review the business management accounts prior to 30 June 2014. This is best done with a tax advisor as they can help... read more →
Owners of very small businesses, also known as micro businesses, frequently fail to allow for the risks they face and the importance of reducing risk in small business. The main... read more →
There are many problems that occur when processing activity statements and tax returns that can lead to a delay in the ATO issuing refunds. However, these problems are often... read more →
The High Court has reinforced the importance for businesses in taking care when advertising their products and services so that there is no misleading fine print. In June 2012... read more →
From 1 July 2014, employers with 20 or more employees will begin using the Data and Payment Standard, also known as SuperStream, to make superannuation contributions to their employees. ... read more →
The repeal of the Mineral Resources Tax by the Federal Government has resulted in the scaling back of capital allowance concessions from 1 January 2014. Business owners should make... read more →
Businesses that are run from home can claim deductions on their tax return. 1. Cost of room’s utilities These claims must be apportioned and if the portion is based... read more →
Employers who are not meeting their super obligations may lose the tax deduction they would normally receive for super contributions. They will also have to pay a superannuation guarantee charge... read more →
25 Entrepreneurs Tell What They Wish They'd Known Before Funding Their First Startup.