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News & Views

The latest news and our views our listed below. Please give us a call if you have any questions. 


 

Taxable Payments Annual Report - Building & Construction Industry

Posted on 21 June 2013
  The first annual Taxable Payments Report is due 28 July 2013 (or 21 July for those businesses who lodge monthly Business Activity Statements) for businesses primarily in the building and construction industry who have made payments to subcontractors during the year ending 30 June 2013. The Government has designed this report to improve compliance with tax obligations by those contractors who are currently not doing the right thing. However, the reporting obligation...
Posted in: 2013 Admin BAS Business Activity Statement Building & Construction Contractors Sub-Contractors Accounting Software Compliance Tax Obligations ATO Data Matching   145 Comments

End of Financial Year Reminder

Posted on 20 June 2013
  Do you need to make a super contribution, withdraw a pension or pay a business expense prior to 30 June 2013? Don’t leave it too late – as 30 June falls on a Sunday this year the banks have recommended that payments are made no later than Tuesday 25 June to ensure that it is cleared and recorded on your bank statement prior to the last business day of the financial year – Friday 28 June. ...
Posted in: Planning 2013 Admin Compliance Cash Cash flow Strategy   0 Comments

Now is the time to... Prepare

Posted on 18 June 2013
  How often do you start something without any homework? Yet preparation is usually all that's within our control. We waste countless hours by ignoring it. Whatever the project, think ahead: consider its needs, its problems, its shortcuts. Give yourself every advantage. Build your confidence, create options. Time spent doing this will be handsomely rewarded. If I had six hours to chop down a tree, I'd spend the first four hours sharpening the axe  - ...
Posted in: Business Structures Planning 2013 Admin Strategy   1 Comments
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