2019

Thoughts for the year ahead – Tax in 2019

There are a huge number of tax laws that may change this year as a result of the upcoming 2019 Federal Election. Individuals could be affected by: Losing franking credit refunds More Capital Gains Tax Losing tax benefits from negatively gearing Investment Properties Businesses could be affected by: Changes to the laws for loans from Companies (known as “Div 7A”) …

payroll

Single Touch Payroll – What you need to know!

Summary of single touch payroll Single touch payroll changes when and how small businesses report payroll activity to the Australian Tax Office (ATO). Businesses used to report this information to the ATO once a year. Now, they need to send a report online after each pay day. Changes to when you report payroll Small businesses used to finalise their payroll …

Group of business people sitting at the table

Single Touch Payroll required for all businesses from 1 July 2019

Breaking News – 12 February 2019 Today, Australian lawmakers passed legislation that requires even the smallest of employers to electronically file each pay run with the tax office using Single Touch Payroll, from 1 July 2019. It’s a big ask for the nation’s 2.3 million small businesses, which employ 40 percent of all workers. It’s also a big opportunity Many employers still …

phone

Are you being Data Smart with your Smart Phone ?

Sure you have a cool phone……. but have you considered the security aspects? “It’s an unfortunate fact that the impact of cybercrime is a reality for all businesses. The scary reality is that 978 million people in 20 countries were affected by cybercrime in 2017. In New Zealand and Australia, one in four small businesses experienced a cyber-attack or hacking …

Xero and oranges

The Invoicing Survival Guide

Getting paid quickly should be easy – but the invoicing process can often take more time than the work itself. Xero have researched the best in the business to simplify invoicing for you. So whether you’re just starting out, or want to improve on what you’re doing – our tips and tricks will help you navigate the world of invoices. …

2019 Tax - Are you ready

New Year’s Resolutions & Tax

Have you made a New Year’s Resolution to get your finances and tax in order? Making the resolution is easy and often soon forgotten however, all is not lost. We can help you turn your resolution (good intentions) into a reality that benefits you and your business. Warning! The Australian Taxation Office (ATO) is closing in fast on everyone who doesn’t …

Christmas Decorations

Managing your business cash flow over the holiday period

December is usually the busiest time of the year for retail and hospitality businesses. But businesses in other sectors often find that their sales slow down and their customers stop paying them for a few months. So cash flow dries up. Whether your business is large or small, well-established or in start-up mode, you need to take a planned approach …

Starting a business

Starting a Business : The Ultimate Guide

So you want to know how to start a business? That’s awesome! There’s a lot to learn, but there’s plenty of information around to help. This guide from Xero is a great place to start. Starting your own business is a process, not an event People talk about ‘taking the plunge’ into small business like it’s an adrenaline sport. And there …

businesscoffee

Small Business Tax Cuts

Company Tax Rate Cut Small companies with an annual turnover up to $10 million will receive a tax cut this financial year with the tax rate decreasing from 30% to 27.5%. This will be followed by tax cuts for companies turning over up to $25 million in 2017-18, and up to $50 million in 2018-19. The tax cut announcement is …