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…
ATO – are you ready for an Audit
Wednesday 8 April, 2015 by
As a taxpayer, you mustn’t forget it is your obligation to ensure that your tax return is correct. You cannot just assume that by using the services of a Registered Tax Agent to prepare & lodge your tax return, that your obligations are reduced. In recent rulings, the ATO has emphasised that taxpayers cannot use the Read More…
SMSF’s & Illegal Activities
Wednesday 1 April, 2015 by
With the number of self-managed super funds growing by the day, SMSF’s are being targeted by scammers who want your money. An offer to help you get your superannuation money early might seem like a great idea. But if you agree to it you could end up in a lot of trouble. Accessing your super Read More…
Minimising Tax
Friday 27 March, 2015 by
With the end of the 2015 tax year fast approaching us, it’s that time of year again when people start looking at different ways to minimise their tax. I would suggest that this search for a tax-effective investment be taken with caution as it also brings with it a risk of increased ATO scrutiny. There are different 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…
