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Posts Tagged ‘accounting’

Succession Planning – Building Your Business Legacy

May 24th, 2024

As a hardworking business owner, you understand that success doesn’t come easily – it’s earned through hard work, dedication, and relentless effort. So, when it’s time to step back from your business, how do you know it is in a position to continue to thrive? That’s where succession planning comes in… Succession Planning – What’sread more

How to Improve Profit and Cash Flow in Your Business

April 23rd, 2024

The success of a business can be measured in a number of ways however the bottom line, literally and figuratively, is profit. While longevity, public perception, and product or service quality are a few other things that factor in, the financial health of a business will always be a critical metric in determining its valueread more

Why Are So Many Businesses Moving to Xero?

March 25th, 2024

In a world of many options, business owners have several choices when it comes to the accounting software package they use, but Xero is by far the largest and fastest growing player in the market in Australia & New Zealand. That’s no coincidence – there are a number of reasons why so many business ownersread more

Act Now: ATO Interest Charges Will Soon be Non-Deductible

March 13th, 2024

Do you have ATO interest charges hanging over you? Hoping to claim them as a tax deduction when you pay them off? If so, read on, because a recent Government announcement aims to put a stop to interest charge deductibility. Previously, general interest charge (GIC) and shortfall interest charge (SIC) could be claimed as aread more

Urgent: Have You Applied for Your Director ID Yet?

February 7th, 2024

Back in 2021, we covered in an article the rollout of Director IDs by the Australian Business Registry Services (ABRS) – a measure intended to combat fraud and security issues in Australian businesses. Now we’re in 2024, the ABRS continues to engage with directors of companies that haven’t yet met their obligations – meaning ifread more

Understanding Stage 3 Tax Cuts

January 30th, 2024

You’ve doubtless heard the term “Stage 3 Tax Cuts” in the headlines recently, but what’s it all about? The Australian Government is set to implement significant changes to the tax system with Stage 3 Tax Cuts, initially legislated a few years ago under the Morrison government. The federal cabinet has recently approved adjustments to thisread more

Does My Business Need to Pay Payroll Tax?

January 24th, 2024

As a business owner in Australia, navigating the complex landscape of taxes and employer obligations can be challenging, and payroll tax is no different. Legislative changes in mid-2023 means it’s as important as ever to stay informed and compliant with payroll tax laws, and understanding it is key. This includes knowing if your business isread more

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