The Australian Tax Office (ATO) will be targeting up to 90,000 small businesses over the next three months as part of a major compliance operation. The ATO will be obtaining details from 11 financial institutions including American Express, Commonwealth Bank and ANZ for credit card payments received by small business for the 2014-15 financial year. […]
Nobody likes tax and if you’re starting a business it’s probably one of the least appealing aspects to running it. Ignore it and be disorganised at your peril!
With the tax silly season almost upon us, it’s that time of year again for smart business owners to start taking action before 30 June and look at ways to reduce their tax bill.
You don’t need to be an accountant to appreciate the effects of one financial year ending and another beginning. Similar to a new calendar year, a new financial year can be used as the perfect opportunity to carry out a couple of those tasks that we all too often place in the “too hard” or “later” piles.
Business owners will face an added end of financial year compliance burden when the Federal Flood Levy is installed on 1 July, according to leading accounting software provider MYOB.
Happy June! The end of financial year ‘EOFY’ is almost upon us!
I know that, for some of you, today signals added stress and more pressure. But that doesn’t need to be the case.
After talking to so many business people over the years, it is rather interesting that they all seem to have the one thing in common – they all hate the taxman. But why do you hate the taxman? After all, the ATO does not set the taxation rules, they simply administer them. It is the […]
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