Maximise Efficiency with Tax and Super – Join the ATO’s Webinars

As a business owner, it’s important to prioritise good planning and spend your time wisely to focus on areas that can help your business succeed.  The Australian Tax Office (ATO) recognises this and is offering two webinars in January and February to help streamline processes and improve profitability. The first webinar, “Connecting Online with the […]

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Employee Benefits with Electric Cars – A Tax-Exempt Option for Employers 

Electric cars have been gaining popularity due to their eco-friendly nature and lower operating costs. As an employer, you now have the option to provide electric cars to your employees as a tax-exempt benefit. Previously, employers were required to pay Fringe Benefits Tax (FBT) on electric cars provided to employees, but as of July 1, […]

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3 ways to strengthen your protection against cyberattacks

With recent cyberattacks exposing millions of individuals’ personal information to the World Wide Web, now is the time more than ever before to strengthen your data from future attacks. With these 3 easy steps, you can prevent your data from being leaked. 1. Update your device and applications Updates not only provide new features to […]

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Apply for your director’s ID before it’s too late!

Director of companies in Australia have until the 30th of November to apply for their director’s ID number. Failure to obtain a director ID before the cut-off day is an offence under the Corporations Act 2001 and can result in heavy penalties of up to $13,200 criminally or $1,100,000 civilly. In the case of intending […]

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Top tips to get you through tax-time

Tax time is a busy, stressful time of year for business owners. You’re busy with the day-to-day demands of operating your business and then have to add the additional challenge of preparing for the end-of-financial year. During this labour-intensive time, it’s important to take care of yourself and prioritise the well-being of your staff members. […]

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Everything you need to know about claiming business expenses

You only claim the business-use portion of an expense that’s for a mix of business and private use.You have records of each claimable expense. It’s important to know that there are two key types of deductions, operating and capital.  Operating expenses are day-to-day operating costs such as office stationery and wages, which you must pay […]

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Need a director ID? Here’s what you need to know. 

What is a director ID? A director ID is a unique identifier you apply for once and keep forever. It’s managed by Australian Business Registry Services (ABRS), which is governed by the ATO. The director ID aims to help prevent the use of fictitious director identities and create a fairer business environment by improving data […]

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Everything you need to know about eInvoicing

If you’re a business owner, you’ve probably heard about eInvoicing. But what is it, and why should you care? eInvoicing is the new, standardised way to send and receive electronic invoices directly through your accounting software. It’s not the same as sending an email or PDF through your software. Instead, invoices are sent directly between […]

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Important changes to fuel tax credits

Generally, GST-registered businesses are entitled to a credit for most types of fuels acquired.  This includes for use by vehicles and certain non-vehicle uses, such as for plant and machinery.  Exclusions include aviation fuel and the fuel used by vehicles weighing 4.5 tonnes or less travelling on public roads. The exclusion means, for example, that […]

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Protect your business from cyber scams

More and more, cybercriminals are targeting small businesses with email scams.  The fraudulent emails and usually created with the scammer posing as a legitimate business contact or staff member, requesting a change in bank account details for a business payment.  The emails may come from hacked email account or websites with domain names similar to […]

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Make your ABN details even more detailed!

Changes to the way you can update your ABN details with the Australian Business Register means you can now add more information to your listing, giving a holistic view of your business and its operations.  From now on, you can now include up to four additional business activities under your ABN, while maintaining your central […]

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Supporting your business in difficult times

The Covid-19 Pandemic has made conditions tough for many businesses in the last year.  If you have a small business that’s experienced difficulty recently, there may be services available to help you through. The ATO has a range of support available for small businesses experiencing difficult situations, such as natural disasters, mental health challenges or […]

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Do your records need a spring clean?

Has your record keeping left a lot to be desired lately? Jobmaker and other government support has made matters even more complicated, and factoring it into your calculations is a confusing but necessary task. Having your record keeping and expenses in order means you’ll have full oversight of your business and be in a better […]

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