Check out the musings from Mark and his team at Reynolds Sissoev and keep informed about all things accounting, finance, tax, business development and other interesting and useful things.
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In this day and age, if your business is not social you could be left behind! There are are many ways to increase business sales, but getting your message across to your clients and prospects quickly is paramount. To do just that, you need to use social networking avenues available to keep that competitive edge.....your competition is! For example, Vision 6 can help you create your own Email Marketing & SMS campaigns, and Social Sharing via Twitter, Facebook & Linkedin, all of which keeps your business, your products and services out there. To learn more......
Think Ahead If there’s one thing you don’t want to get wrong in your life it’s your retirement income plan. How you choose to invest the capital you have accumulated, or your superannuation lump sum, will determine the sort of lifestyle you can expect in retirement. In retirement you will have much more leisure time – time to expand your lifestyle with travel, hobbies, sport or study. Whether or not you are going to be able to enjoy your retirement to the fullest will depend upon how you arrange your financial affairs now. And this means having a life plan, which covers income, health, housing recreational pursuits and relationships.
As from the July 2012, businesses in the building and construction industry will be required to complete the Taxable Payments annual report.
Information about the changes to the Medicare levy surcharge and your private health rebate for individual or familes.
With the recent slowing of the ecomony, expecially in the South West WA building industry, small businesses are generating their first tax losses.
To find out how your business compares to others in your industry, check out the ATO Small Business Benchmarks for the previous financial year.....
Thinking about starting an email marketing campaign? Or perhaps your not getting the results from your email campains in the past.......then check out this report by Vision 6!
Tax payers that are finding it difficult to meet their GST obligations on time should be contactying the ATO as early as possible....
The Australian Bureau of Statistics has issued a media release on CPI rates for the last quarter ending December 2011.
During December 2011, the ATO issued default assessment warning letters a number of taxpayers with over¬due income tax returns. These have been sent where the ATO has evidence that these taxpayers have received taxable income in years that taxation returns have not been lodged.
There are many things to consider when closing a business such as GST, capital gains tax, superannuation, staff and more. The ATO website can provide information if you are thinking of closing your business, but they also recommend you seek professional advice from a tax adviser.
Would you like to know more about the share market and understand how the daily rises and falls of the AORD will effect your investments?
If you consider ceasing routine farming activities for a period of time bofore the sale of theland, you should consider Goods and Services Tax Determianion GSTD2011/12 released on 16 November 2011.
Do you have concerns abouth your tax affairs? Did you know that in 2010/2011 financial year there were over 1,518 tax fraud convictions, with fines totalling more than $7 Million!
There are many requirements and obligations as an employer when paying your staff superannuation guarantee. To help you with this, the tax office website can provide with up-to-date information....
absorbing the increased costs of steel in your manfacturing - comes straight off profits
Meeting with a wholesaler recently - could not tell me their most important customers - how much they spend per year etc
The Australian Tax Office has added over 100 industries to their small business bechmarks, including the latest income tax and activity statement information. Use the benchmarks to check how your business is performing. Benchmarks are used by the tax office to detect businesses that may be avoiding paying their fair share of tax.
A guide to dealing with distaster
One thing is certain - when it comes to planning for taxation, the more things change, the more they stay the same. Steps taken by the Government to simplify taxation in one area invariably leads to complications in another. The new carbon tax is a perfect example.