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, […]
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 […]
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 […]
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 […]
New figures reveal poor financial management practices caused one in 10 small businesses to lose money through unnecessary fines and penalties last year.
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.
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.
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