Every year, after the March quarter ends we commence tax planning with our clients. Whilst most accountants offer this service, there are a few things you can do within your business to help the process along or consider prior to speaking with your accountant.
The commencement date for Single Touch Payroll (STP) is fast approaching, so what is it and what do you need to do to prepare?
To keep things interesting the Fringe Benefits Tax (FBT) year ends on 31 March each year with returns due in May. If you’ve provided benefits to employees (including yourself) then you will need to act to ensure you comply with the FBT rules.
Whilst we were all enjoying the Christmas break, the passing of the downsizer superannuation contribution (DSC) legislation occurred. So what is this additional form of contribution and what are the specific criteria that is required to be met?
You may remember as part of the 17/18 Budget the Federal Government announced changes to how GST collected on ‘New Residential Property’ would be passed onto the ATO. Well the exposure draft of the legislation has been released so we now have some more details on the changes the government is looking to make.
When you know some key pieces of information about your business you can make much better strategic decisions – such as knowing how your different options will impact your bank account. Make sure you implement the best strategy for your business, and save time and money in the process.
Sometimes it can feel like someone’s turned the tap off on your cashflow – we’re exploring what to do when this happens to get the cash flowing again.
We believe that a business plan should be simple to read, accessible and most importantly something you come back to regularly.
