|Business Advice

Hiring a Contractor? Your worker may be an employee!

Contractor or Employee? The only way to get to the right answer is to ask the right questions:

Ability to subcontract/delegate: can they pay someone else to do the work?
Basis of payment: are they paid based on an agreed quote they provided?
Equipment, tools and other assets: do they provide their own tools and […]

November 12th, 2019|Accounting, Business Advice, News, Tax|

Income tax returns for influencers & bloggers

With the rise of social media in the last decade, comes a new type of career: blogging. Bloggers, or influencer’s as they are commonly known, are people who use social media platforms to promote products or services, using their ‘influence’ and like-ability to persuade the purchasing behaviours of their followers and communities.

For some, this is […]

July 16th, 2019|Accounting, Business Advice, Tax|

Small Business News Bulletin

On the 21st of May 2019, the Australian Taxation Office (ATO) announced an extension to the instant asset write-off threshold.

The threshold has been increased to $30,000, and has also been extended to 30 June 2020. The instant asset write-off was also expanded and now includes those businesses with an annual turnover from $10 million to […]

June 25th, 2019|Accounting, Business Advice, Planning|

Should I lodge online or find a tax accountant?

With the 2019 financial year weeks away from ending, it is time to start thinking about the dreaded “T” word: TAX.

For many people this can be a confusing and stressful time, the biggest question being: “Should I find a tax accountant, or should I do my tax return myself?”. Whilst it can be tempting to […]

June 18th, 2019|Business Advice, News, overdue tax, Planning, Tax|
  • single-touch-payroll

Single Touch Payroll for Businesses Employing Less than 20 people

Single Touch Payroll (STP) started 1 July 2018 for businesses employing 20 or more employees.  STP is now compulsory for all businesses including those with less than 20 employees as of 1 July 2019.  It’s time to get ready for STP.
Some things you can do right now:
Review your business processes

Make sure the right people in […]

February 26th, 2019|Bookkeeping, Business Advice, Cloud Accounting|
  • business owner wellbeing

Business Owners, Stress & Managing Wellbeing

What keeps you awake at night? A recent MYOB Snapshot found small business owners sacrificing their health for work, with 80% of small business owners losing sleep at night.

The research found:

41% of small business owners said they put their health last because they are time poor and focused on the success of their business.

January 23rd, 2019|Bookkeeping, Business Advice, Cloud Accounting, News, Planning|

Tax time Small Business Top Questions and Answers

Tax time can be mind boggling for small business owners. Especially with new tax laws in 2018 and the increasing number of start ups in Queensland meaning many business owners are facing their very first tax time.

So we’re sharing these two fabulous easy to read posters from the ATO to help you at tax time. […]

October 9th, 2018|Accounting, Business Advice, News, Tax|

Do you offer accommodation services through an online platform?

Do you offer accommodation services through an online platform? Did you know the ATO is focusing on the “sharing economy” in 2018? The ATO has stated its intention to use its data matching powers to identify people who have or may be engaged in providing accommodation services through an online platform during the 2016-17 to 2019-20 financial […]

August 21st, 2018|Accounting, Business Advice, News, Tax|