Get ready for end of 2024 Financial Year We are almost approaching the end of the 2024 Financial Year. This post provides essential information and tips to help individual taxpayers and business owners prepare for the new year. Individuals (Common Mistakes and Tips)...
On-boarding new employees: When hiring new staff, there are certain steps you should follow to cover off on your tax, workplace, and superannuation obligations. (on boarding new employees) Confirm they are legally permitted to work in Australia Australian citizens,...
Trusts – are they still worth it? The recent ATO crackdown on trusts will no doubt have some business owners (and even some advisors) asking themselves the question: Is this structure for business purposes still worth it? Introduction: ATO Scrutiny on Trust...
Top cyber security tips for business Introduction It is important you keep all your business, staff and client information secure. If your data is lost or compromised, it can be very difficult, time consuming, and costly to recover. The federal government have created...
The importance of cash flow forecasts Introduction As we enter into the new year, with many economists predicting a slowing of the economy, planning your business’s cashflow is more important than ever. Why? Studies suggest that the failure to plan cash flow is one of...