What to Do if You Get Audited
No business owner looks forward to a letter from the taxman requesting a closer look at the books. If you have received an audit letter – an official request by the tax authority to review your accounts and confirm your taxes have been paid to date – do not panic. Prepare and find the right […]
Tax Tips for New Business Owners
Want to avoid paying more than you should come tax time? Or a frantic last minute search for missing financial records? New business owners have a lot on their plate such as bookkeeping, tax return, payroll, tax compliances, and sometimes can easily lose track of an approaching tax deadline or financial data needed to submit […]
4 Questions You Should Ask Your Accountant
Ideally, you and your accountant are more than just “adviser” and “client”. With your combined skills, expertise, and shared mission to support a thriving business, you’re more like strategic partners. The key to achieving success in any partnership is, of course, strong communication. At your next meeting, be sure to ask your accountant these four […]
Still Doing Your Own Payroll? Here’s 3 Reasons Why You Should Stop
The Superannuation Guarantee (SG) is scheduled to increase to 10% from 1 July 2021. If you have employees, you need to be ready for this legislated increase.
Important Change for Employers – Superannuation Guarantee increasing to 10 on 1 July 2021
The Superannuation Guarantee (SG) is scheduled to increase to 10% from 1 July 2021. If you have employees, you need to be ready for this legislated increase.
Your End of Financial Year Checklist
It is the time of the year again where we need to complete our income tax returns. Though you may be dreading 30 June, there are things you can do to feel better prepared and make the most of your tax deductions.
Cash Flow Advice for Small Businesses
It’s inevitable that business owners find cash flow management stressful, however with enough information, planning, usage of right methods, you can have better insights into your company’s financial situation. Thus, helps you in making business decisions and gain control over your cash flow.
3 Ways to Motivate Workers
Our textbooks would always say that increased rewards, performance-based bonuses, and commissions genuinely motivate employees at work. However, as the world changes and economies foster, such tactics won’t be enough to keep them. In fact, some tests have shown that the usual ways we have been using aren’t always effective.
Why Smart Business Owners Never Stop Marketing
When money is tight, one of the most common errors made by business owners is to halt marketing or minimize their marketing budget. At first look, it is rational to cut costs during difficult economic times. In actuality, though, it is the absolute opposite of what you should do. Cutting your marketing expenditure when your […]
Understanding Australia’s Director ID – Mizael Partners
The director identification number is a unique number you as a director apply for once and keep forever. It’s designed to prevent the false or fraudulent use of your identity.