How to negotiate your Tax Debt with the ATO?

Posted by Tanya Moran on 11-May-2018 15:28:11

 

Small businesses need to manage a lot of ‘balls in the air’ and one of them is tax. Between their own income tax as an individual, company tax, GST and tax withheld for employees there is a lot of money that needs to be accounted for. In fact small businesses account for more than 60% of the total debt owning to the ATO. So if you have a tax debt here is what you need to know. #news #ATO #taxdebt

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Topics: ATO, tax debt, GST, small business, Business accountants, BAS, withholding tax, director penalty notice, Company Director

Has the governments Angel Investor Tax Incentive Scheme lived up to expectations?

Posted by Michael Derin on 27-Apr-2018 12:29:53

Introduced almost two years ago, the angel investor tax incentive scheme hasn’t quite lived up to expectations. The $100 million dollar scheme was part of the governments $1 billion National Innovation and Science Agenda that they released at the end of 2015.

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Topics: ESIC, GST, Startup Australia, Startups, ATO, Startup investors, capital raise, Tax deductions, Angel Investor Scheme

Startups: 7 Ways to Stay on Top of your Cashflow

Posted by Kelly Morgan on 13-Apr-2018 16:48:31

Ask most business owners what their biggest challenge is and 9 times out of 10 the answer is cashflow. For startups this is even more difficult, especially in the technology arena where significant money is spent on research and development before go to market is achievable.

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Topics: cashflow, Business Growth & Cashflow, Startup Australia, Startup investors, Startups, GST, ASIC

Signs you need an Accountant to Grow your Business

Posted by Azure Group on 11-Apr-2018 07:00:00

We all know start up businesses need to operate in a lean environment. Cashflow is often tight and there are months when there are more outgoings than incomings. As a result most business owners take on as many ‘roles’ as they can in the beginning, for two reasons. Firstly, they simply can’t afford to hire other people and secondly because when business is first starting it is often pretty simple so the business owner is able to do many of the roles within the business.

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Topics: Outsourced accounting services, Startup Australia, Startups, GST, Business accountants, Accounting sevices, Business growth, cashflow

Common GST Slip Ups

Posted by Kelly Morgan on 10-Mar-2018 11:53:00

With tax time just around the corner it is a good timing to review your GST status. There are some common GST slip ups that you need to be aware of.

1. Make sure you are actually in business!

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Topics: management, Tax, Azure Group News, ATO, GST, income, Business accountants, BAS, bookkeeping