Australian Consumer Law specifies guarantees for consumers when buying products or services regardless of warranties you may provide to customers. Changes in July 2021 mean you’ll need to understand how ACL guarantees affect your business.
Prepare now for finalising STP payroll data by 14 July. Book a time with us today to check essential employee information, verify the numbers and confirm payroll categories are linked to the correct reporting fields before lodging with the ATO.
Making time to look over your financial reports each month is an important task for any business owner. We can give you an overview of what reports you’ll need to help you build a thriving business.
Are you undercharging for your fees? We’ve got the five warning signs that can help you diagnose whether your prices are too low.
#Pricing
Why Worship Cashflow Its scary the amount of newly formed business or those established but struggling have no idea the amount of money they are making or that the business Cashflow is king. Monitoring Cashflow should be their number one priority and this not just involve looking at the bank statement, or the profit & …
We know that a new business start-up of a new venture can be daunting. We also know that the reasons the majority of small businesses go broke because of many do not have the skill set to manage cash flow or basic management requirements. It’s not scary if you know what you’re doing, and we can …
Beware of the ATO Grinch Coming to your Party Except in limited circumstances, deductions are generally not allowable for entertainment expenses. ‘Entertainment’ is defined in s32-10 as: (a) entertainment by way of food, drink or recreation, or (b) accommodation or travel to do with providing entertainment by way of food, drink or recreation. Below is …
Like most accountancy firms we have a lot of sole traders, companies. partnerships and individuals we prepare tax returns for: Over the years you get to see a lot of things happen to these businesses. one area that can often remain forgotten is what would happen to the business if one of the key …
Every tax time is an opportunity for scammers to target the unwary. This time around, the scammers are phoning and claiming to be from the prosecutions department of the ATO. They then state that they believe you have committed fraud and the Sheriff’s Office has been called. You can of course make this all go …
If you’re a small business person(s), and you are reading this blog then you already, possibly are experiencing, feelings of isolation, burn out, along with the feeling is it worth it. The first port of call would be to talk to your accountant or trusted college who understands the business you are in. In most …