Cash Flow Tips With only 135 days until Christmas some of you may be planning office Christmas parties, while others may be concerned about their impending Christmas Cashflow. We have therefore put together some cashflow tips to help your business avoid the Christmas Cashflow Chasm over the December to February months when we all look […]
The ATO’S post-Covid money grab Following our article posted 24th May 2022, here is an update of what we are seeing and hearing about the ATO and its new targets for 2022-2023. The ATO has made it known that the pandemic-era leniency is coming to an end – the ATO’s position is that “the COVID […]
How to set up your Director ID Directors are now required to register for a unique identification number that they will keep for life. What is a director ID? A director ID is a 15 digit identification number that, once issued, will remain with that director for life regardless of whether they stop being a […]
Thousands of tax debt defaults ‘in the pipeline’ The Covid-19 honeymoon period is over! Thousands of tax default referrals worth millions of dollars to the Australian Taxation Office (ATO) are expected before the end of the year, according to the only credit bureau currently processing them – Creditor Watch. This means beginning to publicly list […]
Superannuation Guarantee Liabilities are changing As of 1st July 2022, there are two main changes to how you pay your employees’ Superannuation Guarantee Contributions. The Federal Budget 2022 has maintained the Super Guarantee’s legislated increase to 12% by 2025. From July 1st 2022, the Super Guarantee increases to 10.5%. It will increase by 0.5% on […]
Federal Budget 2022-23 Everything you need to know about the Federal Budget
ATO changes the rules for Family Trusts! You may have recently seen some stories in the press or on social media circulating surrounding the ATO’s attack on Family Trusts. In late February, the ATO released three new pieces of guidance that formally provides their aggressive position on discretionary trust distributions. The guidance is comprised of: […]
Looking to retire? Discover how we sped up one clients retirement plan from 3 years to 12 months! Meet Rob and Donna, they’ve been in business for over 20 years, and for the past 15 years they have been lucky enough to have their 2 sons working alongside them in their family-owned business. When we […]
Work changes to Casual Employment Whether you are a business owner, a casual employee or know anyone working casually, this is useful information and worth sharing. What you need to know. As you may be aware, in March this year the Fair Work Act was amended to alter the rights of casual employees through the […]
