Navigating FBT and your obligations
Businesses looking to attract and retain staff often provide employee benefits, on top of salary, as a way to sweeten the deal. Many of these benefits (but not all) can…
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9 tips for improving your profits
There are many advantages to running a small business. You have the flexibility and independence to make your own decisions, you can turn your vision into a reality and then…
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Making sure your deductions don’t get personal
It can be easy to overlook your personal use of business assets when it comes to completing your business and self managed super fund tax returns but be warned, the…
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The five cash flow hurdles inhibiting small businesses
A smooth and reliable level of working capital is essential to the success of any business and with the current economic challenges, it’s becoming harder for businesses to maintain this….
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Workers owed $3.6bn in super guarantee
Workers are owed over $3.6 billion in superannuation guarantee according to the latest Australian Taxation Office estimates – a figure the Government and the regulators are looking to dramatically change….
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Signs of a well-run small business
Is your small business running efficiently, or is it running off the rails? It is often said that small business owners are so busy working in the business that they…
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Warning: redrawing investment loans
The ATO estimates that incorrect reporting of rental property income and expenses is costing around $1 billion each year in forgone tax revenue. A big part of the problem is…
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Keeping cashflow positive
Managing a healthy cash flow is often tough for small businesses and it is particularly the case right now in the challenging economic conditions. In this climate, recent changes to…
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Tax alert June 2023
Budget incentives and crackdowns on unpaid tax debts and rental deductions. Although this year’s Federal Budget was short on big changes when it came to tax, there still have still…
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Check the fees you are paying
The daily fees you will be asked to pay for residential aged care are based on your financial situation. But more and more providers are charging a fee for additional…
