Is your business focused enough on cyber-security?
We live in a digital world where our company’s data and (crucially) our customers’ data is under constant attack. Hackers are always looking for new ways to break into your systems and databases – and this has resulted in many significant data breaches in recent years. When your security is breached, and your data is […]
Employees and the Holiday Season – What You Need to Know
The summer holiday period can be confusing to employers and employees alike – public holidays worked or taken as annual leave, business shutdowns, annual leave provisions… there are many rules employers need to understand. Employees are entitled to annual leave and public holidays under the National Employment Standards minimum entitlements. Emplo
Fringe Benefit Tax at Christmas Time
It is a time of the year when giving is encouraged. As a business owner, you may want to make sure you have all the information available to you, so that you are fully aware of your tax obligations this Christmas. Christmas parties The cost of food and drink associated with a Christmas party is […]
How to improve your year-end processes and plan for 2023
We’re well into the final quarter of the year, with 2023 just a few months around the corner. But are you ready for the year-end? And have you done your homework when it comes to planning your business journey for 2023 and beyond? Let’s take a look at the key ways to tie up your […]
Are you making the most of your business data?
Are you recording, measuring and analysing enough of the data being generated by your business? With so many apps and digital solutions now available to businesses, there’s a wealth of useful data to trawl through – and plenty of hidden insights for you to benefit from. Here are 5 ways to get more insights from […]
October 2022 Federal Budget highlights
The Federal Treasurer, Dr Jim Chalmers, handed down the Labor government’s first Federal Budget on 22 October 2022. Here are the highlights of the tax and accounting measures announced. Businesses Electric vehicles under the luxury car tax threshold will be exempt from fringe benefits tax and import tariffs. A number of Victorian and ACT based […]
Audit Shield claims activity across Australia
1 July – 31 December 2021 The Accountancy Insurance Claims Department continues to be busy processing claims from client accounting firms across Australia. The five most common audit activity areas that have been noted were: Employer Obligations (PAYG/SG/FBT) BAS (Pre & Post Assessment) Income Tax (Full/General/Combined) ATO (High Wealth) Payroll Tax
Utilise our Tax Saving Strategies and SAVE between $500 to $100,000 +
End of Financial Year is FAST approaching It is essential to do some planning towards the end of each financial year. It is also necessary to look at what can be done towards the end of each tax year to minimise the tax you will pay. It is often too late to gain tax deductions when […]
Director Identification Numbers
A director Identification number is a unique identifier that is a legal requirement. Penalties may apply if not actioned by the due dates.