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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2013 mature age worker tax offset changes
The ATO have deferred the lodgment and payment dates for effected by the recent disasters.
What can I claim as a small business?
If you are engaged in research and development you might be eligible to claim a tax offset under the research and development tax incentive......
From 1 July 2012, payments made by businesses in the building and construction industry to contractors for building and construction services will be reported to us each year by these businesses. Does this apply to you?
From 1 July 2012, if you have a dependent spouse born on or after 1 July 1952, you may no longer be entitled to claim the dependent spouse tax offset. The offset is being gradually phased out as the population ages.
Changes to the microbrewery excise refund scheme
Is a worker an employee or contractor? Penalties can be high if you get this decision wrong.
The Australian Taxation Office (ATO) has released a GST Governance and Risk Management Guide for small-to-medium businesses.
The Paid Parental Leave scheme is set up to help you retain valuable staff by providing financial support for parents while they're off work caring for a newborn or recently adopted child.
How much tax to withhold from payments made to workers.
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....