Are you are thinking about expanding your business? To capitalise on the initial momentum of a new business and in turn establish a profitable long term business, business owners need to understand and implement different practices to achieve this growth. Here are some suggestions that could help you grow your business. 1. Collect information Consider collecting Read More…
Tips for a Successful Family Business
Thursday 11 June, 2015 by
Running a family business sounds like a great idea, right? A family business has the potential to benefit all the family members. People you can trust, who share the same ideas, with the same work ethic – everyone’s happy. No need to for formalities, official job descriptions, involving outsiders, right? Well, think again! If you want to Read More…
Online Selling & ATO Data Matching
Wednesday 3 June, 2015 by
On 21 April 2015, the Australian Taxation Office (ATO) gazetted a notice advising that it will be requesting and collecting online selling data relating to registrants that sold goods and services of a total value of $10,000 or more for the period from 1 July 2013 to 30 June 2014. This acquired data, which will Read More…
Home Based Business
Friday 29 May, 2015 by
If you operate a small business (not a non-profit organisation), then the following may be of interest to you. Claiming your business expenses Running a business at or from your home is similar to running any other business. That is, if you operate a home-based business, you can generally claim similar expenses to a business Read More…
Cloud Computing
Friday 24 April, 2015 by
The interest in cloud computing has grown signinficantly and we are seeing an ever increasing number of businesses shift to cloud based solutions. This shift to cloud computing has helped businesses to reduce costs and increase flexibilty. Working with businesses of all sizes, the benefit of cloud computing is in the access to real time information. Read More…
How does your business compare
Wednesday 15 April, 2015 by
Small business benchmarks are a guide to help businesses compare their performance against similar businesses in an industry. The ATO has updated their small business benchmarks and this is a helpful resource that you can use to gain useful insights on how well your business is performing in comparison to the industry average. Benchmarks can Read More…
The importance of Insurance
Sunday 9 November, 2014 by
If you are like most Australians, insurance is one of those things which can be put off for another day. But another day might be one too late. Most people don’t understand the need for the right insurance until a friend or family goes through a serious illness or death, when the reality of not Read More…
Businesses – Protect Your Identity
Sunday 2 November, 2014 by
How identity crime affects businesses Identity thieves can take your details by: breaking into your business and stealing your records taking a photo of your business or employee details stealing your passwords, account logins and AUSkey. Identity thieves can use your stolen identity to: create fake businesses and commit refund fraud in your name take Read More…
ATO news July 2014
Monday 7 July, 2014 by
Below are some important new services and advice from the Australian Tax Office. If you wish to discuss any of these further, please contact our office. ATO warning on 2013/14 work-related deductions This tax time the ATO says that, in relation to work-related expenses, it will not be limiting its attention to certain occupations. Instead, particular attention Read More…
SuperStream
Sunday 1 June, 2014 by
Important changes to how you pay Superannuation are coming – are you ready? Businesses employing 20 plus staff need to comply with the new SuperStream standards from 1 July 2014, but those businesses employing up to 20 staff will have a further 12 months until the new standards become mandatory. What is SuperStream? SuperStream is Read More…
