Category: Small Business

Small Business, SMSF

ATO Gets Serious About Super Guarantee Obligations

New data has enlightened the ATO of certain businesses that may not be meeting their superannuation obligations.

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Small Business

When Can I Claim GST Credits?

Essentially, GST credits (or input tax credits) are a refund/credit for the tax included in the price of your business inputs.

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Small Business, Tax

Melbourne small businesses receiving in-person visits from ATO

Supposedly, up to 800 businesses will be targeted by the ATO and Fair Work Ombudsman.

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Small Business

What Tax Concessions Are Available For Small Businesses?

Depending on your specific circumstances, these may or may not be relevant for you.

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Small Business, Tax

Cash Accounting vs Non-Cash Accounting For Reporting GST

As a general rule, smaller businesses tend to use cash accounting because it is not as complex as non-cash accounting.

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Small Business

Why Does Your Business Need To Be In A Trust?

Allow us to read from our big, long list of reasons why we love them.

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Small Business

The $11.1bn Small Business Tax Shortfall

The tax gap estimates the difference between the tax collected and the amount that would have been collected if everyone was fully compliant with the law.

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Small Business

The Keep It Complex Stupid Principle

I have a favourite acronym when it comes to growing a small business, protecting their assets, and keeping their taxes down.

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Small Business, Tax

Are Phones And Internet Considered A Fringe Benefit?

Generally, this scenario is labelled as an ‘expense payment fringe benefit’.

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Small Business

Government To Restrict Business Cash Payments

Payments of $10,000 or more will need to be made electronically or by cheque.

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Small Business, Tax

FBT And Uber Style Ride Sharing

Does the FBT exemption extend to employees using Uber for travel?

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Small Business, Tax

The Tax Time Crackdown On SMEs

The tax office are continually warning small businesses of their sophisticated data matching and analysis tools which are pointing out all dodgy lodgements.

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