13
Feb 2019
Fuel tax credit rates have increased
Fuel tax credit rates increased on 4 February in line with fuel excise indexation. Find out more about what it means for your business.
05
Feb 2019
The current state of online accounting software
Accounting software companies are developing products at a breakneck pace for small business and accountants. Here are the pros and cons of some of the more popular options.
Cybercrime has increased 300 per cent since 2015. 43 per cent of cybercrime targets small business. 22 percent of small businesses are so badly affected they can’t continue. Don’t let your business become a cybercrime statistic. In partnership with CREST ANZ Limited, the Department of Industry, Innovation and Science is supporting small business to improve their cyber security. A grant of up to $2,100 to eligible small businesses for 50
17
Dec 2018
Apply for a $20K digital business transformation
Starting in early 2019, the Department of Jobs and Small Business will select 100 Australian small business owners to receive a digital transformation for their business valued at up to $20,000.
December is usually the busiest time of the year for retail and hospitality businesses. But businesses in other sectors often find that their sales slowdown and their customers stop paying them for a few months. So cash flow dries up.
16
Oct 2018
Casual Conversion Clauses added to Modern Awards
Small business owners who employ casual staff are set to be impacted by new provisions that will allow some casual employees to convert to full-time or part-time work after 12 months of employment.
10
Oct 2018
New GST withholding regime for property buyers
The payment of goods and services tax (GST) in respect of certain new residential property sales has recently been turned on its head! Commencing 1 July 2018, buyers of new residential premises (other than commercial residential premises or new residential premises created through substantial renovation) or subdivisions of potential residential land (by way of sale or long-term lease) are required to withhold an amount representing the GST, and remit this
08
Oct 2018
Common GST Mistakes
The GST has now been in effect since 1 July 2000, yet despite a massive Australian Taxation Office (ATO) education campaign there are still many errors and omissions being made by small businesses on their Activity Statements. Most of these errors relate to the over-claiming of GST credits. If you or your bookkeeper are incorrectly classifying your expenditure or revenue for GST, you may be exposing yourself to future penalties and interest charges from
04
Oct 2018
The Demise of Trading Names
What is happening? The Australian Securities & Investments Commission (ASIC) is working with the Australian Business Register to retire the use of trading names in Australia.
04
Sep 2018
How To Effectively Collect Late Payments
Managing your receivables is important if you want to maintain your cash flow, and late payments can be crippling to your business – especially if you’re working on a tight budget. That’s why it’s critical to find effective ways to collect what’s owed to you on time. Here are some practical hacks for collecting late payments effectively:
Recent Comments