As a business owner you have a number of responsibilities to various Government Organisations and also to the public. You are bound by laws from local, state and federal levels as well as organisational bodies. In this blog we will cover your main obligations to the Australian Taxation Office (ATO) and Australian Securities and Investment Commission (ASIC) for a business owner and specifically a Director of a company.
We outline the basics of different business structures such as company, trust and sole trader and explain the pros and cons of each.
Often when you start a business you take advice from friends and family about how to go about getting set up. We frequently find people come to us either not knowing where to go, or they have gone to the wrong people about the wrong things. It’s a minefield and can be overwhelming for many people getting started.
Xero just keeps innovating their product, which is great for business owners and advisers as they add in new technology.
We were fortunate to attend a session with Dandapani. To quote his own website “an internationally renowned and highly sort after speaker who is revolutionising the business world with his practical and simple systematic approach to balancing work/life challenges”.
With continual new features being added it’s often difficult to stay ahead of how you can better use xero to speed up internal processes. The following are some of the tips and tricks we were reminded of at XeroCon
This is a topic we are asked about more and more as there is a move towards people working from home either for an employer or for themselves in a main or side business. Our guidance differs depending on if you own your own home or if you rent.
Most businesses stem from a passion, and many passions show themselves in our recreational and hobby activities. The lines begin to blur when we start making money from what we love, whether it be a full time or ‘spare time’ pursuit.
The methods for claiming your car expenses have changed in the last 12 months in an effort to ‘simplify’ the way deductions are made.
With so many business applications available to subscribe to it’s important to ensure that where possible they work together. In doing so, apps talk to and with each other providing an ecosystem for your business to grow within whilst also delivering efficiencies to your everyday tasks.
