Category: Small Business
ATO Gets Serious About Super Guarantee Obligations
New data has enlightened the ATO of certain businesses that may not be meeting their superannuation obligations.
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.
Melbourne small businesses receiving in-person visits from ATO
Supposedly, up to 800 businesses will be targeted by the ATO and Fair Work Ombudsman.
What Tax Concessions Are Available For Small Businesses?
Depending on your specific circumstances, these may or may not be relevant for you.
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.
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.
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.
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.
Are Phones And Internet Considered A Fringe Benefit?
Generally, this scenario is labelled as an ‘expense payment fringe benefit’.
Government To Restrict Business Cash Payments
Payments of $10,000 or more will need to be made electronically or by cheque.
FBT And Uber Style Ride Sharing
Does the FBT exemption extend to employees using Uber for travel?
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.