Quick fixes to boost email marketing
While email marketing remains one of the most effective platforms for businesses to reach clients on a personal level, it does not always ..
Succession planning for your SMSF
A mandatory component of managing a self-managed super fund (SMSF) is planning out what will happen to the fund if its trustee were to pas..
Non-compliant payments to workers no longer tax deductible
Businesses can no longer claim deductions for payments to workers if they have not met their pay as you go (PAYG) withholding obligations…
Short-term vs long-term financing
Maintaining healthy cash flow can be challenging; between ongoing expenses and bills, poor cash flow can severely impact your customers, s..
Evaluating risks in business
Business owners are faced with constant challenges and tough decisions to make on a day-to-day basis. Risk-taking is often necessary to ac..
What to look for when choosing a super fund
Over the course of your life, the contributions made to your superannuation fund can often end up being your greatest asset. Because of th..
FBT car parking threshold changes
The ATO has released the Taxation Determination 2019/9, which outlines changes to the fringe benefits tax (FBT) car parking threshold.
Th..
Deduction rules for small businesses
Spending on capital assets usually cannot be deducted immediately. Instead, small businesses claim the costs over time in accordance with ..
Ineligible downsizer contributions and how they are administered
When a downsizer contribution is ineligible, the fund must re-assess the amount in accordance with the Superannuation Industry (Supervisio..
New ATO toolkit helps small businesses get expenses right
The ATO has developed a new toolkit that helps small business owners to understand their entitlements and avoid mistakes in their tax retu..