#Bas
The receipts ABN holders never claim: where sole traders quietly lose money at BAS time
Hundreds of thousands of Australian sole traders quietly hand money back to the ATO every quarter, not through evasion, but through lost receipts.
Simple ways to improve cash flow this EOFY
With the end of the financial year almost upon us, now is the time to make the most of your tax planning. If you are like most business owners, chances are you are putting off thinking about your tax until after 30 June. However, you MUST act now. If you wait until after 30 June, […]
Review your industry, socialise (in the real-world) and other ways to get an EOFY leg-up
The phrase ‘tax time’ can all too easily translate to feelings of boredom, dread and uncertainty for the small business owner. There’s the income tax return, BAS, payroll tax, super, and more. However, instead of viewing the annual marker as a time-sapping and difficult box-checking exercise, it should be seen as a spring board to […]
A permanent $20,000 instant asset tax write-off for businesses tops SME wishlist, MYOB finds
Seven in ten small businesses want the $20,000 instant asset tax write-off to continue past 30 June, this year, when it is due to expire, according to accounting software provider MYOB. The latest MYOB Business monitor, a bi-annual survey of more than 1,000 small businesses, asked operators what policies they would and wouldn’t vote. MYOB […]
SME confidence lifts under Abbott
Small business satisfaction towards the federal government has risen to its highest level in nearly five years according to a new survey, with one third of respondents expecting their revenue to increase in 2014. The survey of 1,032 SME’s commissioned by accounting software provider MYOB shows that in March, nearly one quarter or 24 per […]
BAS mistakes prove costly for small biz
New figures reveal poor financial management practices caused one in 10 small businesses to lose money through unnecessary fines and penalties last year.
Managing cashflow with the right GST registration
To optimise cashflow management for small business, it is imperative that Goods and Services Tax (GST) registration suits the business operations. This step-by-step guide will help you understand how to take GST reporting from cash to accruals basis.
Tax agents need professional indemnity insurance: Tax Board
Registered tax agents and BAS agents will be forced to hold professional indemnity insurance from 1 July 2011 under a draft proposal from The Tax Practitioners Board (TPB) released today.