Finance Archives

statutory demand, debtor, sbr

Tax debts trigger interest in Small Business Restructuring plans

The major benefit of an Small Business Restructure is that SMEs can continue to operate with their directors retaining d...
STP, payroll system, reporting

Businesses urged to switch to Single Touch Payroll Phase 2

Employers needing help in implementing STP Phase 2 are advised as well to consult a tax or BAS professional or payroll p...
digital evolution, tech

SMEs encouraged to invest in new technology ahead of EOFY

Small and medium businesses with an annual turnover of less than $50 million will be able to deduct an additional 20 per...
digital wave, data mining, AI, digital stimulus, smart business, digital resilience, machine learning

Why you should invest in digital tech before EOFY

While EOFY can be a stressful time for business owners, it’s also a great time to review operations at a strategic level...

Last chance to access the $5k Victorian Small Business Ventilation Grant

Alongside adequate ventilation, Rentokil Initial recommends a 360-degree hygiene approach by businesses to reduce the ri...
pride, EOFY

ATO provides guidelines for small businesses filing their tax returns

The tax time toolkit is designed for both small businesses and their tax professionals and includes guides on reporting ...
tax returns, tax time

Small-business leaders struggling to understand their tax return forms

Many small-business leaders do not fully understand some key components such as tax offsets, asset depreciation, and pro...

Three ways small-business owners can beat inflation

Inflation in Australia is sitting at 5.1 per cent – the highest the nation has seen since 2001, while wage growth is onl...
retail business

Inflation, not volume, will drive retail sales growth until 2025 – report

Retailers face challenges of consumers shifting toward value purchases, squeezed margins and rising business costs.
reforms, spiral

Is this the end of the insolvency drought?

The ATO's winding up activity can be seen somewhat as a "litmus test" amongst other creditors who may be reluctant to en...