The Australian Tax Office hotspots 2019 – do they apply to you?
Byline: Mark Chapman, the Director of Tax Communications at H&R Block.
Every Tax Time, the ATO focusses on certain hotspots where taxpayers are prone –...
Why do major companies keep getting caught in employee underpayment scandals?
Every few months sees a major employee underpayment scandal – companies announcing that they have made payroll errors that have impacted thousands of employees...
What are your obligations if an employee is sick during their annual leave?
When most people think of taking annual leave, they don’t anticipate spending that time either sick in bed or in hospital with a family...
$30k Asset Write-Off up for grabs for next month: is your business eligible?
With the end of financial year fast approaching, small and medium-sized businesses are being reminded they could be eligible for an instant asset write-off...
Employers can help stamp out predatory lending
This year we have seen a significant power shift for consumers, with the government investing heavily in heightened financial protections. Through thorough reviews of...
What Single Touch Payroll means for your employees
Have you taken the next step and started reporting through Single Touch Payroll (STP)? Employers with 20 or more employees should have already started...
Australian small businesses losing $5.8 billion each year
Insufficient cash flow means lost opportunities
Australian small businesses have lost opportunities worth an estimated $5.8 billion due to insufficient cash flow1
Nearly half...
Admin ‘killing the dream’ of Australian Small Businesses
Research reveals financial and emotional burden of administration on small businesses ahead of new Single Touch Payroll reporting regulation
Australian small businesses estimated...
National research reveals SMEs’ top five funding frustrations
Around 9 out of 10 Australian SMEs are frustrated about their business funding, naming onerous loan conditions, having to provide property security and a...
How to avoid fake invoice scams
Cybercriminals are targeting businesses with a new scam that uses fake invoices to trick the business into paying money to the scammer. The invoices...
Banks rejecting SMEs for finance
The challenge of securing bank finance is seeing a growing number of small and medium enterprises (SMEs) turn to online lenders.
One in four...
A guide to managing expenses for small businesses
Managing expenses is a common headache for managers and finance teams, who often need to sort through hundreds of receipts, invoices, pay cheques, and...
Xero’s Small Business Insights shares key small business findings
The accounting app Xero share their Small Business Insights with us to shed light on what small businesses should be aware of, which is...
MYOB subject of $1.75bn private equity bid
US private equity firm KKR & Co has launched a conditional $1.75 billion takeover offer.
Staying true to the core
There is a special ingredient when it comes to small business success and leveraging this ‘special ingredient’ can make all of the difference to...
Countdown to Single Touch Payroll: everything you need to ask
KEY FACTS
Single Touch Payroll (STP)
When: 1 July 2018
By: Australian Taxation Office
For: Employers with 20 or more employees
*The STP will apply to employers with 19...
Small businesses should live for a budget
Any first time business owner will encounter the world of numbers and sometimes, become stuck among the intimidating and sometimes confusing jungle.
Budgets; a word...
MYOB and BPAY collaborate to speed up business payments
MYOB has teamed up with BPAY to offer a new invoice payment method, which was rolled out to MYOB customers last week (May 15),...
A ‘Wiise’ partnership simplifies SME business management
An integrated cloud-based business platform will revolutionise and simplify accounting, payroll, banking and daily operations for Australian small and medium businesses from July 2018.
Combining...