Record keeping is a crucial part of any business. In addition to meeting your tax and superannuation obligations, having good records will
give you a more accurate picture of your business to help you understand how you are doing, so you can spot potential problems sooner rather
Super, insurance and exit fees: changes from 1 July 2019
From 1 July 2019, new laws prevent superannuation funds from eroding member balances with unwanted or unnecessary insurance and exit fees.
Plus, inactive accounts with low balances will be moved to the ATO to try and unite the unclaimed super with its owner.
Who has your personal data, and are they keeping it safe?
Regardless of whether you're engaging an accountant or bookkeeper or a hair stylist - if a business needs to store your personal information
(email address and phone number included), make sure they are doing everything they can to protect your information!
Year End Tax Strategies for Individuals and Business Owners
We've put together a tax planning guide for both individuals and business owners. It includes updates on tax rates, general year-end
strategies, changes to superannuation, and areas of focus for the ATO.
The ATO is actively targeting geographic areas for special visits as part of a nationwide crackdown on the black economy. The plan on
visiting over 10,000 businesses in the 2020 Financial Year. It's a scary thought, especially if you don't know what to expect.