Practice Update – December 2023

Practice Update – December 2023

ATO’s lodgment penalty amnesty is about to end  The ATO is remitting failure to lodge penalties for eligible small businesses.  Businesses which have not yet taken advantage of the ATO’s lodgment penalty amnesty only have until 31 December 2023...
Practice Update – December 2021

Practice Update – December 2021

Super is now following new employees  The ATO is reminding employers that, as of 1 November 2021, there is an extra step they may need to take to comply with the choice of super fund rules.  If a new employee does not choose a super fund, most employers will need...
Employee or contractor myths – workers with ABNs

Employee or contractor myths – workers with ABNs

When you hire a worker, forget the common myth that they’re a contractor simply because they have an ABN. Your worker could have an ABN for a number of legitimate reasons, but this makes no difference to whether you should treat them as an employee or contractor. When...
Are you thinking about buying assets?

Are you thinking about buying assets?

Are you thinking about buying assets to help your small business grow? Now is the time to buy! If you use the simplified depreciation rules you use the $20,000 write-off threshold. Simplified depreciation rules can get a bit tricky, so here’s how to get it right...