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 […]

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 […]

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 […]