Last Minute 2016 EOY Tax Minimisation Tips

  Another financial year is about to finish! As a business owner, there are many obligations that you need to consider and action just before and just after 30 June. Some of these will help to minimise your tax. We have outlined these action points below to assist you. BEFORE¬†30 June 2016 Ensure your employee…
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Paper-based Filing Disorganised & Costly

  A new survey by Xero suggests more than half of SMEs are getting bogged down in paper-based accounting systems, with shoeboxes still the dominant source of filing. According to the survey by the prominent accounting platform, 51 per cent of Australian SMEs still use disorganised paper-based systems to manage receipts and invoices, and more…
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Hospitality Business in 2016 Part Three – Profit

  Part Three: Profit In the third part of Silver Chef’s 2016 trend report, the focus is on the most important element of any business, PROFIT! Hospitality businesses can often operate on thin profit margins. They are faced with a number of challenges. Fast moving trends and innovation all impact on profit, so for hospitality…
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NEW PROPERTY & THE ATO

  One thing that Australians hate more than anything is new taxes that have been introduced by stealth. This may sound a lot more dramatic than it actually is, however a new property tax that will come into force on the 1st July 2016 will create some turmoil for property owners. In the middle of…
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ATO to Report Tax Debts to Credit Reporting Agencies

  The federal government has been, for some time, concerned about the escalating debt from taxpayers who would like to use the ATO as a bank. Businesses are either delaying or not paying their obligations such as GST, PAYG or income tax. The government announced in it’s Mid Year Economic & Fiscal Outlook report last…
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