IMPORTANT REMINDER: You MUST RECORD the odometer reading of every vehicle owned within your business this Sunday - 31 March 2019 (this is the last day of FBT year).
The Australian tax office has admitted it will waive penalties for hundreds of businesses that have admitted failures to pay superannuation to their staff in the wake of a ‘botched’ amnesty.
This principle - taking care of your people - is at the heart of creating a great place to work, where people are appreciated, engaged, productive and thriving. Where they actually want to work.
The other day while watching one of my all-time favourite movies Dead Poets Society I couldn’t help but notice some similarities between this movie and the work we do as accountants.
The decision to sell your business is often one that is difficult to make and carry through because most owners are emotionally invested in the business that they have created and grown over the years.
With cloud based accounting software, you are purchasing the right to use the software over the internet via a subscription model, as opposed to traditional software applications that are installed and run via a desktop.
STP is a change in the way employers will report their PAYG and super contribution information to the ATO. Using STP compliant payroll software, employers will now be required to report PAYG and super after each payroll.
The ATO, along with their partner agencies, interrogate various information sources and use sophisticated analytics, to identify people who deliberately break the law.
Separating from a long-term partner is enormously challenging and when it comes to finances it may require a lot of short and long term planning during a time when emotions are also fraught.
