Business on the cloud! One of the many benefits of having your business online, is being able to manage the business at your fingertips. This not only saves time but also ends up being cost effective. Software providers need to make sure their software are current and compliant with GST, PAYG, Super obligations. Online with…
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Good records help monitor how healthy your business is. By keeping good records, you can analyse your cash flow, demonstrate to lenders, accountants and businesses your financial position. Be sure to watch the video below about GST and record keeping put out by the ATO. Your records must: Be in english Be in writing Explain all…
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Employing Staff Employing staff is complex and a process which requires much consideration. Not only do you need to think about the type of employees you require, you also must know laws regulating awards, and be aware of the different awards in which you may fall under, along with the legal recordkeeping requirements, taxation and…
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Information and Data Matching During the process of overseeing tax returns, the taxation office plan to check over 640 million transactions this year to ensure income is reported correctly and claims are not overstated. Traditionally information and data matching have been focused on omitted interest and employment income, however the ATO are now broadening their information matching to:…
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