Blog
Helping you reduce tax, protect your interests, and grow your income as professional business advisors and accountants.
3 Key Benefits of Remote Workers For Your Business
Interested to learn some of the benefits of remote workers? Making the choice to employ remote workers can enable your small business to grow successfully by allowing flexibility and enhancing productivity. Remote work is becoming an increasingly popular choice for businesses thanks to the ease and accessibility of the internet. The traditional 9 to 5
Single Touch Payroll to include more businesses
Single Touch Payroll (STP) is changing the way employers report their workers’ tax and super information to the ATO. Employers are expected to report information on a variety of areas through software that offers STP reporting or third-party service providers. Withholding amounts, superannuation liability information, ordinary times earnings, salaries, wages, allowances and deductions should all
ATO increases fuel tax credit rates
The ATO has increased fuel tax credit rates from 4 February 2019. As fuel tax credit changes are made regularly, it is important to check the rates each time you lodge a business activity statement (BAS) with the ATO. Understanding the ATO’s Fuel Tax Credit Changes Fuel tax credits provide businesses with a credit for
Taking Advantage of Cashless Business Structures
Advancements in technology continue to digitise our world in many ways, including financially. In recent years, more businesses and events are turning towards cashless business structures. Whilst cash still remains popular in businesses dealing in small purchases such as cafes, if you run a business that handles larger transactions then changing to a cashless system
Analyse your business with the debtors days method
Ratio analysis is a method of gaining insight into a company’s liquidity, efficiency and profitability by comparing the information contained in its financial statements. Continue to reading to learn how to analyse your business using the debtors days method. Debtor days is one key measure of ratio analysis. It shows the average number of days
Understanding Fringe Benefits Tax (FBT) and How it Attracts the ATO
Fringe Benefits Tax (FBT) is required to be paid by employers who provide non-cash benefits to their staff. Understanding Fringe Benefits Tax and accurate FBT reporting is something that is consistently on the ATO’s compliance program. Continue reading to learn more about why FBT reporting is on the ATO’s radar so frequently. FBT is calculated