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Embracing Technology in Australian Small Businesses
February 20th, 2018Australia is fortunate enough to be a part of one of the fastest-growing and innovative economic regions in the world – Asia Pacific. Our neighbours to the north have a vast population of people, forward-thinking ideas and a seemingly innate entrepreneurial spirit that has propelled the likes of China into the league of global superpowers.read more
Recent Market Movements, and What They Could Mean for Your Investments
February 15th, 2018You’ve probably heard about the recent decline in the US stock market and its flow-on effect to Australian shares. So what does it all mean for your investments and goals? Recent market movements at a glance On Friday February 2, US sharemarkets began a much anticipated pullback from record levels, prompted in part by fearsread more
McKinley Plowman’s Guide to the Notifiable Data Breach Scheme
February 12th, 2018When you run a business that deals with the personal information of clients or customers, you are expected to maintain the security of that data to ensure it doesn’t fall into the wrong hands. Similarly, your clients understandably expect that their sensitive information will be well protected and only accessed by those who are supposedread more
REMINDER – Single Touch Payroll coming soon
February 9th, 2018Do you employ staff? If so, please read on – there are important changes to payroll processing and reporting just around the corner that may affect you and your business. It’s hard to believe that January has already come and gone! Therefore it’s worth a refresher on Single Touch Payroll (STP) before the April 1stread more
Starting a New Business in Perth
February 2nd, 2018Exciting, daunting, time-consuming. No matter how you describe it, starting a new business can be one of the most complex, yet potentially rewarding things you’re likely to encounter in life. The idea of financial freedom, balanced with inherent financial risks, means that a solid plan, the right financial and business structures, and a comprehensive supportread more
Fresh Tax Ruling for Truckies’ Food Allowances
January 25th, 2018Backflip for Truckies’ Food Allowances... The Australian Taxation Office has recently reversed a decision made regarding “reasonable rates” for overtime meal allowances. Rulings in this area typically affect people in jobs such as long-haul truck driving, but applies to everyone who receives a bona fide travel or meal allowance in the course of travelling overnightread more
A Timely Refresher on Director Penalty Notices (DPNs)
January 22nd, 2018Amongst all the communication a business has with the Australian Taxation Office (ATO), it is perhaps understandable that some things can be overlooked. While every effort should be made to take on board all information from the ATO, a Director Penalty Notice (DPN) is one of the most important things not to miss. This willread more
Upcoming Audit Focus Areas for the ATO
January 15th, 2018When it comes to industries or areas of particular interest, The Australian Taxation Office (ATO) is relatively transparent about changes or increases in audit activity. Similarly, the media tends to have its finger on the button to report any news of this sort to the public. There are a few key areas which can expectread more
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