INSIGHTS | NEWS

Many business owners shudder at the mention of tax time, but it doesn’t have to be a stressful time. The key to a stress free tax time is preparation. The earlier you start preparing the easier it is.

The Government has released a legislative instrument outlining seven alternative eligibility tests for its JobKeeper subsidy payments. When the JobKeeper package was originally announced, under the ..

Cashflow is the lifeblood of a business, yet during a pandemic such as Coronavirus (COVID-19), we can see our cash reserves run dry pretty quickly and this can cause irrevocable damage to your..

Late on Thursday 9 April, the Treasurer released the Coronavirus Economic Response Package (Payments and Benefits) Rules 2020. These Rules set the formal eligibility criteria for businesses to..

As a result of the Coronavirus (COVID-19) outbreak, many Australians have been thrust into working from home. Whilst the ATO has already responded by lifting the flat rate from 52 cents to 80 cents..

In this news brief, we wanted to devote more time and do a deep dive into the ATO Financial Relief measures and what each State Government is doing to support business during this difficult time with..

The way you access government online services is changing. If you are currently accessing the ATO’s Business Portal using your Auskey or Manage ABN Connections, you will need to complete some actions..

With the growing number of cloud based accounting software's and their supporting phone apps, small businesses may start to see that their accounting and therefore tax preparation is becoming easier..

If fringe benefits tax (FBT) is applicable in your business, you need to make sure you plan ahead and consider the FBT implications of providing Christmas parties and gifts. There is no separate FBT..

We are a quarter of the way through the new financial year, and there are a few things that you need to know. There has been some significant changes for small business that came into effect this..

Receiving a letter from the ATO advising you that they are going to audit your business can be daunting and a little overwhelming. But it doesn’t have to be panic stations! If you have received a..

There are plenty of important dates to remember where the ATO are concerned, and the Fringe Benefits Tax of FBT year end is one of them. The FBT year runs from 1st April each year to the 31st March..