The ATO is anticipating a significant upward spike in the number of businesses using eInvoicing over the coming 12 months. Learn why eInvoicing is faster, simpler and more secure.
Tag: Business Support
GST Health Check
Now that the financial year has come to a close, it’s a good time to check all things GST.
ATO tax time focus for small business
The ATO has released a tax time tool kit to assist businesses and TNR nail your 2021/22 business tax return.
Cyber safety at tax time
With tax time comes a surge in cyber activity. Whether you’re a business owner, tax professional or individual, there are simple things you can do to avoid tax time scams.
The importance of good record keeping
Keeping good business records is important for a number of reasons.
The importance of cashflow forecasts
A cashflow forecast is a crucial cash management tool for operating your business effectively.
Paying employees super through a super clearing house
If you’re a small business owner, you’ll know that you’re required to pay your employees SG in addition to their salary or wages. But how do you pay your SG contributions in a simple and effective way?
Your business structure
At the end of each year, business owners typically review their affairs, including at times, their trading structure. We review the four main business structures.
What does Temporary Full Expensing (TFE) of assets mean for me?
As Australia looks to get back to work and continue its recovery, the Temporary Full Expensing (TFE) measures are available to support business and encourage investment.
STP Phase 2 reporting underway
Single Touch Payroll (STP) Phase 2 reporting commenced 1 January 2022, however the ATO has advised that employers that provide the additional reporting by 1 March 2022 will be accepted as having met the deadline.
The ATO’s ABN cancellation program continues
The ATO has announced that it is continuing to review inactive Australian Business Numbers (ABNs) for cancellation.
Have you obtained your director ID?
The Director Identification Number (Director ID) regime is now in place with Australia’s newest company directors having to comply first.