It is tax planning time! In most instances, tax planning happens in the final quarter of the financial year between April and June. 30 June is fast approaching, so now is a great time to plan and forecast for the end of and new financial years to ensure you’re in the best possible tax position. […]
6 tax planning strategies to minimise your tax Read More »
Australian businesses are behind their international counterparts in employing data analytics, but this isn’t because they don’t want to. The unspoken problem is the lack of information provided informing businesses about how they can use their data correctly. Sadly, it isn’t as simple as analysing customer numbers, sales or demographics data. While this information is
Four common mistakes SMEs make with their data and how they can be avoided Read More »
With the introduction this month of the compulsory Director ID Number (DIN), it is timely to take a closer look at what is illegal phoenixing, a practice that the DIN aims to target. Illegal phoenixing involves company directors transferring assets of an existing company to a new company, leaving the old company with the existing
What is illegal phoenixing? Read More »
If your business has employees, then paying superannuation on time is undoubtedly a topic you know much about. The government’s superannuation guarantee requires employers to pay a superannuation contribution equal to 10% (2021/2022) of an employee’s ordinary time earnings if an employee is paid $450 or more before tax in a month. If you use
The importance of paying superannuation on time Read More »
It is probably safe to say that one of the financial matters we all dread is our tax. For those with more complicated tax matters and expensive deductions, the importance of keeping and tracking receipts for tax purposes is crucial. So, how do you stay on top of them? How do you safely store these
The importance of keeping receipts for tax purposes Read More »
From 1 November 2021, there will be a key change to employer obligations for employee superannuation when setting up a new employee’s super fund. If a new employee doesn’t specify a super fund, there will be an extra step to ensure they comply with government requirements. What is the change? If a new employee does not specify
Super stapling: Key change to employer obligations for employee superannuation Read More »
The Department of Employment, Small Business and Training administers grants and programs to help Queensland small business continue to recover, grow and thrive by committing grant funds for businesses to increase key capabilities, embrace innovation and assist high-growth businesses to capitalise on opportunities. Round 3 of the small business basics grants program opens on Wednesday 4
Queensland Government round 3 small business grants – updated Read More »
Author: Brent Szalay, Seiva This article outlines the steps and provide you with the tools to do create a stability plan. A stability plan will allow you to make clear decisions in the face of the kind of uncertainty we are currently experiencing. It focuses on forecasting and managing your cash flow, as well as understanding the
How to ride out this wave of uncertainty with a stability plan Read More »
When it comes to applying to finance your first commercial property loan, there are different options you need to be aware of. Some investors choose to obtain a commercial loan by dealing directly with a bank, while others choose to engage the expertise of a broker to secure the best deal. Before deciding which path to choose,
How to finance your first commercial property Read More »
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