Meat processing workers The AtO now is targeting the meat processing workers as, the discovered over claims into the tax return of this industry speciafically. As tax agents and accountants we have an obligation towards our clients to make them aware of their obligations by hlping them to make the right and the proper claims of deductions. As the ATO...Continue reading
Many business owners do not find it easy with completing their Business Activity Statement (BAS).  Many of them get penalized for lodging their BAS late or for not recording their incomes correctly. Common Errors to Avoid On Your BAS Many business owners do not find it easy with completing their Business Activity Statement (BAS).  Many of them get penalized for...Continue reading
There is accelerated depreciation write-off for any asset that is up to $20,000, which might have been acquired by any small business. Before this new rule, the threshold for write off was just $1,000, with concession applying only to any business having an aggregate of less than $2 million in annual turnover.  This may look like a very generous tax...Continue reading
Startup business always comes with an incomparable passion, especially if you have done lots of planning and research before kicking off. Be that as it may, things can turn against you if care is not taken.  Instead of starting a new business on their own, many entrepreneurs prefer to buy an already existing business or venture into a franchise operation,...Continue reading
You will have to go through a lot before you can start up a business. The registration and research you undertake can take quite a lot of you. If you fail to plan your business, the chance of success is very low. You need to prepare a business plan before you kick off the business. The business plan should give...Continue reading
In the Australian season movie, the Shark Tank, contestants that have business ideas or existing businesses seeking to fund their business from wealthy entrepreneurs, who are termed the Sharks; they have to agree to part with a percentage of the business before the sharks to provide them the funding they need.  The purpose of the funding is to help them...Continue reading