The agent nomination process is a new requirement for all entities with an ABN other than sole traders. Under the new process, you need to nominate an agent in Online services for business before the agent can link to your account. This needs to be done when you:
first engage an agent to represent you
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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 […]
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 […]
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 […]
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 […]
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 […]
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.
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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. […]