The 80% rule, or test or 82/20 rule, is part of the personal services income regime under taxation laws.Read More
It’s not unusual for cash flow to become a problem for business, especially in the construction game. While I believe cash flow crisis can be avoided by better planning, now that it’s upon you how can we get out the other side intact?Read More
2019 will present the perfect storm of holidays - Get 10 days for the price of 3.Read More
If you run a business, you've probably heard a lot about Single Touch Payroll (STP) recently, so what is it and how does it affect you? Basically, STP aligns your reporting obligations to the ATO to your payroll processes. Each pay cycle you send information to the ATO including employees' salaries and wages, allowances, deductions, other payments (ie termination of employment, unused leave or parental leave pay), PAYG withholding and superannuation.Read More
With only a third of Australian businesses currently adopting a social media presence, many are missing out on business opportunities – including unparalleled market reach – and financial incentives. We may not be marketing specialists, but when it comes to the advantages of social media for business, the numbers speak for themselves – and we do know numbers!
Let's take a look at how you can make the most of social media marketing tools to engage with your customers, increase your profit margins and reap tax benefits.Read More
The Inspector-General of Taxation (IGT) has recently released his review into the verification of GST refunds by the ATO. The review was initially conducted as a response to concerns raised by taxpayers which had their GST refunds delayed as a part of the ATO risk assessment program to verify certain details before refunds are issued.Read More