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 Financially Sorted | Oct 1, 2023 | Business, Small Business, Tax Returns
ATO is cracking down on tradies – Here’s what you need to know? Businesses can currently claim a tax exemption on work Utes and even Vans, but the ATO is cracking down on their private use. The popularity of many purchasing Utes & Vans has sparked a...
by Financially Sorted | Sep 1, 2023 | Business, Small Business, Tax & Accounting
People can experience cash flow problems for various reasons, and these issues can affect individuals, businesses, and organisations. Common reasons why people might have cash flow problems: Irregular Income: People with irregular income sources, such as freelancers...
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 30, 2022 | ATO, Business, Small Business
It can be hard to know when to register GST for your business. Were here to break it down in simple terms on what do to. Many businesses in Australia are registered for Goods and Services Tax (GST) however, there are businesses that fall below the $75,000 GST...
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...
