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Tips to secure your business’ identity
September 14th, 2017Each year, nearly one million Australians fall victim to identity theft. Unfortunately, individuals aren’t the only ones who are affected by these crimes, even businesses find themselves being scammed. Criminals have learnt that by stealing an unsuspecting business’ information, they can impersonate the business and commit various crimes such as making false GST claims, acquiringread more
Perth property market stabilising – June quarter data
September 5th, 2017The latest preliminary data revealed that the Perth property market stabilised in the June quarter, with key market indicators showing little change in the three-month period. While conditions remain soft, REIWA President Hayden Groves said that there are positive indications that the market is finally beginning to settle. He also added that “although no oneread more
Super Guarantee – What Happens When You Get It Wrong
August 29th, 2017The ATO receives around 20,000 reports each year from people who believe their employer has either not paid or underpaid compulsory superannuation guarantee (SG). In 2015-16 the ATO investigated 21,000 cases raising $670 million in SG and penalties. The ATO’s own risk assessments suggest that between 11% and 20% of employers could be non-compliant withread more
The Single Touch Payroll and what it means for employers
August 23rd, 2017Firms with 20 or more employees will be required to implement the Single Touch Payroll or STP from 1 July 2018. STP is an Australian Taxation Office (ATO) initiative aimed at streamlining the way employers report their tax and superannuation information to the ATO. Employers will be required to report salaries, wages, PAYG, and superannuationread more
How to get ahead on your down payment
August 22nd, 2017With the number of first home buyers in the mortgage market continuing to languish near record lows and property prices peaking*, it is clear that first home buyers need a savvy savings strategy to round up a deposit. But getting ahead is often easier said than done. Life has to be lived and bills needread more
You may be providing a car parking fringe benefit and not be aware of it!
August 14th, 2017The Australian Taxation Office (ATO) has been transparent in its undertaking of numerous fringe benefits tax (FBT) audits in both the small and medium business sector. With the ATO’s sophisticated data matching capabilities, it is easier for them to identify businesses that do not comply with their FBT obligations. One fringe benefits that is oftenread more
Thinking of buying a business? Consider these things first!
August 9th, 2017Many people dream of becoming a business owner as it can be both personally and financially rewarding. There are options to consider regarding the type of business, for example starting from scratch to establish a brand new business or buying an already existing business. When the time comes for you to purchase your business, youread more
Calming your cash flow
August 7th, 2017Does your cash flow swing from a gush to a trickle? In tough times, managing the peaks and troughs of your cash flow can transform your business and your life and it’s not as hard as you think. Business coach Pauline Bright knows the biggest benefit to sorting out your cash flow. "Well, you canread more
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