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Posts Tagged ‘accounting’
Section 100A – How the ATO’s Crackdown on Family Trusts Might Impact You
March 30th, 2022For years, many Australians, particularly those operating businesses, have used family trust structures as a wealth creation vehicle. The ATO has previously put trust distributions and their tax treatment under the microscope but have now refocused their attention to Section 100A ‘Reimbursement Agreements’. This could significantly impact on the overall tax position of any familyread more
WA Business Assistance Packages
March 3rd, 2022WA State border controls have finally come to an end, allowing interstate and international travellers to enter Western Australia once again. As the state battles the Omicron outbreak, the McGowan government has introduced a comprehensive Level 2 WA Business Assistance Package to support businesses impacted by the latest public health and social measures, following theread more
Growing Your Business – Five Key Focus Areas
February 11th, 2022For the vast majority of business owners, the goal for the first few years is to achieve stability – predictable cashflow, a steady stream of customers and new business, and certainty around the future of the business. Once things have stabilised, some take a breather and rest on their laurels. Others look to take activeread more
WA Small Business – Living With COVID
February 9th, 2022Since the outset of the COVID-19 pandemic over two years ago, the adaptability of Small and Medium businesses has proven to be one of the key contributing factors to whether they survive or close their doors. Throughout this period, different parts of Australia have had vastly different experiences. For instance, businesses in Melbourne have seenread more
Update – ATO Electronic Correspondence and Communication Preferences
November 19th, 2021You may have caught our article a few months ago regarding the moves the Australian Taxation Office (ATO) is making in shifting their correspondence to business owners from paper-based “snail mail” to electronic formats. As the roll-out and wider adoption of these changes continues, we are seeing a few instances where information isn’t reaching theread more
WA’s Safe Transition Plan & Your Business
November 11th, 2021At long last, it appears that WA has a concrete transition plan in place to open up travel borders in a safe and measured way. While this brings some certainty around what the future looks like, and roughly when we’ll be able to travel to and from WA, it does mean that individuals and businessesread more
Annual Wage Review – Final Stage
November 3rd, 2021Earlier this year, we covered the 2.5% increase to the national minimum wage and all award wages (see the article here). The changes have been rolled out in three stages, and we’re already at the third! The increases announced as a result of the Annual Wage Review first came into effect on 1 July, withread more
31 October Tax Deadline – Are You Ready?
October 28th, 2021It may feel like 1 July was only the other week, but wouldn’t you just know it – we’re just about at the end of October. With that, it’s worth the reminder that 31 October is the deadline for lodging your tax return if you are planning on doing so yourself. This means you haveread more
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