by Ali Saab | May 24, 2023 | Articles
The Australian Taxation Office (ATO) has launched a full-on assault on rental property owners who incorrectly report income and expenses. The ATO’s assessment, based on previous data matching programs, is that there is a tax gap of around $1 billion from incorrect...
by Ali Saab | May 24, 2023 | Announcements
In a pre-Budget announcement, the Government has committed to a Small Business Energy Incentive Scheme that offers a bonus tax deduction of up to $20,000. The Small Business Energy Incentive encourages small and medium businesses with an aggregated turnover of less...
by Ali Saab | May 24, 2023 | Articles
The Australian Taxation Office (ATO) made Single Touch Payroll Phase 2 mandatory at the beginning of last year. As of January 2022, businesses of all sizes must comply with STP Phase 2 when reporting their payroll data. Key data fields that must now be included as...
by Ali Saab | May 23, 2023 | Articles
As Australian businesses pivot towards distributed digital teams, the key to making it work lies in data-driven decisions. Although useful, the range of technology and skills available makes choosing the right ones for the job can be difficult. Technology drives our...
by Ali Saab | May 23, 2023 | Articles
With over 2.5 million businesses operating in Australia, success is never guaranteed. Something new business owners often ask is: what’s so special about those that do make it past the infamous first 2 years? Although every business operates differently, we notice...
