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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The ATO has released business benchmarks to help you find out where your business should be compared to other businesses in your industry. They also use these benchmarks to calculate your tax obligations.
The ATO will stop supporting their e-Record product from 30 June 2010. Businesses using this software for their accounting record keeping will have to change to a new accounting software.
Last year the ATO announced measures to help small businesses struggling to manage their tax debts in the difficult economic climate. The deadline to apply for these measures is fast approaching.
Since the beginning of the year, the ATO has been changing the way they process tax returns, and the change has been anything but smooth!
The end of the tax year or business accounting year is a key time to focus on tax and financial planning. Are you prepared for your future financial obligations?
CPA Australia has just released a FREE training program designed to help you understand you obligations as a SMSF trustee. Gain knowledge and improve your understanding of trustee responsibilities via the new ‘SMSF trustee education program’.
Less than 10% of businesses have a plan in place for their business when they want to get out of it, or pass it on to the next generation, or what happens if the owner dies...
If you want to have access to additional deductions for your rental property worth thousands of dollars, read this.
Most farmers have never been told about farm management deposits from their accountant. Yet from a tax planning and income smoothing point of view, they work better than superannuation contributions and prepaying expenses.
In every business the need to create documents, forms or templates are a common occurance. We need these to ensure our business systems are in place and our day to day operations run smoothly. Read more on how you can use internet sites for free material and help you save time and money!.
Keep accurate records of employees - especially when they are paid cash - get employees to sign for the cash
People think they are just "mere words" but they are a lot more important than you think. Words actually determine the destination for your business and your life.
You can be chasing your tail during economic downturms with debt collection blow outs and not enough money to pay your own creditors. It is quite a juggling act, so to help you navigate these issues, check out these tips and start taking control.
You need someone to hold you accountable to get things done.
The ATO will start looking at businesses in the south west to make sure they comply with the super choices legislation for their employees
Disputes - a fact of business life
With 31 December just around the corner, time is running out to benefit from the federal governments' 50% investment allowance on the purchase of new business plant & equipment.
If you bought an expensive piece of equipment for your business, you’d maintain and take care of it. Often business owners neglect their most important asset - themselves.