If you make up part of the 2.1 million Australian small businesses currently operating, then there are some exciting tools and updates being released by the Australian Taxation Office (ATO) that will help you to benchmark your business against others in your industry and track your tax information with less effort and using just your mobile phone.
Visiting your accountant isn’t always on the top of your To Do list. However,
having regular touch points with one of your most trusted advisors is the best way to ensure that
you’re on track for your future ambitions, compliant and, overall, making it count.
Cashflow, or the movement of money within your business, is an essential component for your business’ success. Not only that, but your cashflow is a good indication of the current performance of your business. If you have negative cashflow, then you’re spending more than what you’re bringing in. If your cashflow is positive, then you’re making more than what is going out – which is a main goal for your business.
Fringe Benefits Tax (FBT) is the tax payable by employers for benefits paid to an employee in place of salary or wages, such as salary sacrifice schemes and fuel tax credits. With the FBT year coming to an end on 31 March, it’s time to think about lodging if this tax applies to you.
Tuesday night was marked in the Walker Hill’s team calendar as a must-do event and, as accountants, it’s one of our favourite times of the year – Budget Night! Between the Here-Here’s, budgeting increases and decreases, and pizza and beers put on for the team, we also spent the evening understanding what changes will be coming our way and how they will affect you.