Director Penalty Notices

Any company can be issued a Director Penalty Notice. The Australian Taxation Office (ATO) began their debt recovery process by issuing Director Penalty Notices to directors of company’s who...

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2022 Tax Time for Small Businesses

If you’re a small business owner, you should currently be working alongside your accountancy team to begin preparing your Year End Tax Accounts for the last financial year (2021/2022)....

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The ATO Reveals a Major Target Affecting Small Businesses Is Debt.

The ATO use effective approaches to collect small-business debt with the aim of returning to pre-pandemic levels are one of the major focus areas for the ATO in 2022-23,...

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Cyber Security – Protect your business today

Tons of businesses and organisations are at risk of data-base breaches, attacks, and fraud that it is now time to take charge and make cyber security a key part...

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How Xero can make your 2023 Financial Year easier

Starting a new financial year may come as a very overwhelming time for everyone, but it is a great chance to reflect on the before and to start thinking...

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Hiring Employee vs. Contractors

As a small business owner you are probably constantly asking yourself whether employing an in-house employee or an independent contractor is more financially viable for your business. Often, business...

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Temporary full expensing of depreciating assets

The Federal Government originally introduced temporary full expensing of depreciating assets to businesses in 2020 to encourage business investment by providing a cash flow benefit, for those businesses that...

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Electronic Invoicing (eInvoicing)

Electronic Invoicing (eInvoicing) provides a great deal of benefits for every business, including time management and workload efficiency. It is the new, standard way businesses are sending and receiving...

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Tax Time 2022: What to consider & warnings for tax payers as the ATO ramp up debt retrieval…

Now that the 2021-2022 financial year has come to a close, it’s time to focus on preparing and lodging 2022 tax returns. Before you lodge your 2022 tax return,...

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Personal Super Contributions explained…

Making personal super contributions can allow you to invest more of your earnings into your superannuation, whilst also providing you with immediate benefits such as personal tax deductions, tax...

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