Good record keeping is the mainstay of accounts management. It assists you to both meet your compliance obligations and provide verification for all your business transactions. The Government requires that…
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Software technology has evolved massively in the past decade, with cloud-based apps now fundamental to many of the internal and external processes in your business. To ensure you’re getting the…
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Personal services income (PSI) is income received as payment for individual personal efforts and skills. It applies too many contractors who provide services as their means of earning an income.…
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Many people new to running a business and employing people are unsure about the difference between PAYGI and PAYGW. They are not the same thing! PAYG stands for ‘pay as…
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For your business to make money, you need to generate revenue. You produce revenue through your usual business activity, by making sales, getting your invoices paid, or taking cash from…
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The taxable payments annual report (TPAR) reports to the ATO information about payments made to contractors for certain services. TPAR for the building and construction industry has been in place…
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It’s tax time again – what can you claim to reduce your tax? In this blog, we’ll explain: Deductions you can claim The importance of a fantastic tax accountant The…
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Small businesses are particularly vulnerable in tough economic times. When sales are slow, there are still overheads and salaries that need to be sorted. Pre-planning and being proactive can help…
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There are some important changes to payroll this new financial year, including an increase in superannuation guarantee. We’ve included all of the changes and reminders you need to be aware…
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As part of the Federal Budget 2020-21, the government announced a loss carry back measure to encourage new investment and work with the temporary asset expensing measures also announced at…
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