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Report PAYGW Correctly to Claim Tax Deductions

From July 1 2019, If you don’t meet PAYG withholding obligations for your workers, by not withholding tax from their payments and not reporting it to the ATO, you could lose your tax deduction. This will apply to income tax returns lodged for the 2020 financial year and beyond. If you withhold tax from payments … Read more Report PAYGW Correctly to Claim Tax Deductions

Building a Better Business in 10 Steps

You’re in business, congratulations, that takes courage and commitment. It’s not easy, and at times you might find yourself questioning why you’re even doing it, but you’re here because you had a vision. You decided being in business was a better way to achieve that vision than working for someone else. And, you’re right; you … Read more Building a Better Business in 10 Steps

You should automate your business

With more choice than ever in consumer goods, brands are turning to individuals who will promote products to their large social media fan base. Each new trend is often an iteration of a previous way of doing things. Companies have long used celebrity endorsement to advertise their brands to customers, but influencer marketing is a … Read more You should automate your business

Your taxable payments annual report (TPAR) is due soon

Prepare now for your taxable payments annual report (TPAR) lodgement. Whether you lodge your own report directly with the ATO or if you use our lodgement services, this form is due by the 28th August. There are a number of supplier details required in the TPAR. If you have not kept up-to-date supplier records throughout … Read more Your taxable payments annual report (TPAR) is due soon

Weird deductions and FBT issues with Uber style ride sharing

When an employee uses a taxi service for travel to or from work or if the employee is sick, it is generally exempt from Fringe Benefits Tax (FBT) under the FBT taxi travel exemption. The question is, what about Uber and other ride sharing services, do they also qualify for the exemption? If Uber is … Read more Weird deductions and FBT issues with Uber style ride sharing

Your business can accept no more the $10,000 cash

Why the Government does not want your business accepting cash payments of $10,000 or more From 1 January 2020, the Government intends to restrict the value of cash payments a business makes or accepts to amounts under $10,000. Ignoring the limit will become a criminal offence with penalties of up to 2 years in prison … Read more Your business can accept no more the $10,000 cash

Confusion over personal income tax changes

Personal income tax changes – what are you really entitled to? The recent income tax cuts that passed through Parliament do not mean everyone automatically gets $1,080 back from the Government as soon as they lodge their income tax return. The Australian Taxation Office (ATO) has been inundated with calls from taxpayers wanting to know … Read more Confusion over personal income tax changes

Client meetings, coffee or a catch up… is it deductible?

Do you meet with clients You go out and meet at the cafe for lunch, coffee or otherwise, it always comes up, I can claim this, its a client and a work meeting. But this is not always the case, and you may want to avoid the dreaded “entertainment” expense tag that might mark it … Read more Client meetings, coffee or a catch up… is it deductible?

Put the customer at the centre of your business to drive sales

A starter’s guide to selling relevantly Advances in technology have impacted the way customers research products and services, and how they shop. Customers have often done their homework and researched all the various options available, and as a result, they think they have all the answers. They will confidently walk into your business telling you … Read more Put the customer at the centre of your business to drive sales

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