The start of the new year has brought some core changes that will affect many SME’s in the way they conduct their business.

Government has passed the bill to remove the main residence exemption for Australian non-resident.

Due to the recent catastrophic bushfires in QLD and NSW, the ATO has granted a two-month lodgement and payment deferral for taxpayers in affected areas.

Every year the Australian Taxation Office (ATO) contacts about 2 million Australian taxpayers to clarify or question information provided in their tax returns.

Kick-start the new year and work smarter by improving your organisation’s digital capability with the help from the government via the Small Business Digital Grant Program.

A naming convention is simply a way of achieving uniformity in how documents are named or filed firm wide.

This reporting is aimed at identifying the contractors who have not met their tax obligations.

The proposed changes are said to address concerns about taxpayers claiming tax deductions for holding costs on land that was not genuinely held for the purpose of producing assessable income.

Legislation has just passed that includes several measures, the most significant of which are…

If a business runs out of cash and cannot pay its debts when they fall due, the business is considered to be insolvent and may have to shut down business operations as a result.

The amendment which takes effective from 1 July 2019 has been passed by the house of representatives and now moved to the Senate.

Do you have a highly innovative product, process or service, the Advance Queensland Ignite ideas fund can help you bring it to market.

In 2014, the reporting requirements for licensees were reduced and since this reduction in compliance has been in place, the QBCC has had to deal with numerous high-profile insolvencies.

The funds that will receive the letters are those SMSFs that hold 90% or more of their investments in one asset of a single asset class.

The ATO has issued a final tax ruling, TR 2019/1, which replaces its previous views expressed in TR 2017/D7.

Welcome to the 21st century, where almost anything can be done with the click of a button! There are continual advances in technology, and software developers in the tech industry are always working on the next best thing.

The Queensland Government, through the Department of Employment, Small Business and Training (DESBT), has made grants available to newly started small businesses to enable them to access professional advice and support in the critical early stages of establishing a business.

Combining past trends with realistic forecasts for the financial year, a budget provides a detailed view of assets, realistic revenue expectations, and how those balance against your anticipated expenses.

A budget is a financial plan, derived based on where you want your business to go.

The government delivered tax cut package of $158 billion plan on 4 July 2019 over the following three stages: