by Financially Sorted | Oct 30, 2023 | Business, Business Support, Small Business
The technology investment boost and skills and training boost for small businesses is now law. On 29 March 2022, as part of the 2022–23 Budget, the then government announced it would support small business through these new measures. The measures became law on 23 June...
by kirstyb | Feb 27, 2023 | ATO, Business, Business Support
An area that often gets private companies into hot water, is the blurred line between the company’s money and the owner’s money. This is an area that many clients often tend to get wrong and is a frequent item on the ATO’s radar. This is what is referred to as...
by kirstyb | Nov 29, 2022 | Business, Business Support, Tax Returns
‘Tis the season to be jolly! But ho-ho-hold up before you start making spirits bright and rewarding your employees or team members with gifts or parties this Christmas, as fringe benefits tax may apply when providing all the trimmings as you can you claim...
by kirstyb | Nov 29, 2022 | ATO, Business, Business Support, Single Touch Payroll, Small Business
If you haven’t already, you should now be preparing to report the additional information required for Single Touch Payroll (STP) Phase 2. Your digital service provider (for example, Xero) has now released the changes in stages to help you transition to STP Phase 2....
by kirstyb | Nov 2, 2022 | Business, Business Support, Small Business
You can claim a deduction in the income year you incur expenses for your rental property that relate to the management and maintenance of the property, including interest on loans. It is important to know what tax deductions you can claim on your investment property....
by kirstyb | Sep 21, 2022 | Business, Business Support, Small Business
Time to Apply for a Director ID Number is now. Be Aware, Time is Running Out – 30th November 2022 is fast approaching! Director Identification Number As part of its Digital Business Plan, The Australian Government announced the full implementation of the...