Email – the productivity killer
Remember when email was new and novel, and everyone thought it would vastly improve communication while freeing up time? It did improve communication on some [...]
ATO to Begin Data Matching Program on Lifestyle Assets
What to expect The Australian Taxation Office will be obtaining information on insurance policies for certain classes of assets, including marine vessels, enthusiast motor vehicles, [...]
The small business income tax offset
The small business income tax offset (also known as the unincorporated small business tax discount) can reduce the tax a sole trader business pays by [...]
3 smart things business owners should spend their money on
Small business owners know how important it is to save money. They know that one day that dollar could come in handy, especially during slower [...]
Small businesses need to get “active” to pay less tax
For small business owners who are disposing of assets that have risen in value during the time they have owned and used them in their [...]
Benefits of money mindfulness
If you're like most people you've probably gone for periods of time without really thinking about how you spent your money. Maybe you even avoided [...]
Pros and cons of doing business with family and friends
Ever dreamed of starting a family business? Investing in a franchise opportunity with friends? Businesses owned and operated by families can have incredible staying power. [...]
GST obligations to be included under the director penalty regime
The strengthening of the director penalty regime has seen director penalty notices (DPNs) extended to superannuation guarantee obligations from 1 March 2019. Now it looks [...]
4 tips to get your business through tough times
Here are 4 tips for getting your business through difficult periods so you can look forward to many more years of business ownership. Focus on [...]
Confusion over personal tax changes – what are you really entitled to?
So, what changed? From 1 July 2018 A low and middle income tax offset (LMITO), first introduced in the 2018-19 Federal Budget, provides a tax [...]