Resources

Government superannuation contributions to be added to paid parental leave   

In an initiative to promote women’s economic equality, the Labor government has announced plans to pay superannuation on paid parental leave (PPL) for government-funded payments from 1 July 2025.

RBizz Team

06/04/2024 03:09 PM - Comment(s)

The ABCs of bookkeeping

Why is good bookkeeping so vital for your financial management? We’ve got some top hacks for maximising your bookkeeping, and the options for outsourcing this job to the professionals.

RBizz Team

05/04/2024 05:04 PM - Comment(s)

Are you hiring the best talent for your business culture?

Are you hiring the best talent for your business culture? We’ve summarised 5 ways to make sure your next hire is a perfect fit for the business.

RBizz Team

04/04/2024 03:35 PM - Comment(s)

Your guide to claiming working from home expenses for 2023–24 income year

Tax time 2024 is fast approaching and with many individuals still working from home partially or completely, this quick guide can assist you with completing the calculations for claiming the deduction.

RBizz Team

28/03/2024 02:52 PM - Comment(s)

FBT record-keeping simplification - determinations finalised

As per amended legislation, from 1 April 2024, the Commissioner will allow utilising adequate alternative records holding all the prescribed information, instead of statutory evidentiary documents for FBT record keeping purposes.

RBizz Team

24/03/2024 05:51 PM - Comment(s)

The art of networking: techniques for becoming a great networker

Networking is a great way to connect with your industry peers and become an asset to your local business community. We’ve got some top hacks for getting the most from your networking.

RBizz Team

12/02/2024 04:14 PM - Comment(s)

Review your business expenses – and save

Need to cut your business expenses? We’ll review your current costs, find the expenses that could be cut, and will provide a proactive spend management programme to reduce your spending.

RBizz Team

03/02/2024 05:10 PM - Comment(s)

Changes to personal tax rates announced by the federal government

The Labor Government has announced changes to personal tax rates that will provide a tax cut for every Australian taxpayer commencing from 1 July 2024.

RBizz Team

30/01/2024 12:17 PM - Comment(s)

Tax deductions to be denied for interest charged by the ATO

The Federal Government announced in the 2023–24 Mid-Year Economic and Fiscal Outlook (MYEFO) that amendments will be introduced to deny deductions for ATO interest charges, incurred on or after 1 July 2025.

RBizz Team

23/01/2024 03:15 PM - Comment(s)

Changes proposed for DGR status and charitable giving rules

The Productivity Commission released a draft report reviewing philanthropic giving in Australia and recommending various reforms

RBizz Team

19/01/2024 02:34 PM - Comment(s)

R&D tax incentive claims — ATO flags questionable arrangements

The ATO has released 2 taxpayer alerts flagging incorrect R&D tax offset claims where expenditure is incurred by associated entities or activities are conducted overseas for foreign related entities.

RBizz Team

15/01/2024 09:33 PM - Comment(s)

ATO guidance on employee vs contractor debate updated

Updated ATO guidance means you need to understand whether your contract for services are to an employee or an independent contractor. Getting it right can save you significant hassles and penalties.

RBizz Team

05/01/2024 01:47 PM - Comment(s)

Large superannuation balances will have tax concession removed

The federal government has tabled draft legislation to change tax concessional treatment of very large super account balances from 1 July 2025. Individuals with over $3 million in super will be affected.

RBizz Team

04/01/2024 10:40 PM - Comment(s)

Sharing economy reporting regime - ATO finalises exemptions

The ATO has finalised determinations under s 396-55(b)(2) and s 396-70(4) of the Tax Administration Act 1935 on reporting exemptions and exclusions for sharing economy platform operators.

RBizz Team

15/12/2023 03:58 PM - Comment(s)

Payroll tax updates for medical practices

Given the high risk of payroll tax audits across the medical and allied health industry, organisations must understand and adapt to the changing payroll tax landscape.

RBizz Team

28/11/2023 04:04 PM - Comment(s)

Safe harbour for applying prior year deferred losses extended

PCG 2022/1 allows a safe harbour for taxpayers to apply prior year non-commercial loses to reduce other assessable income, otherwise prevented by div 35 of ITAA 1997.

RBizz Team

24/11/2023 11:07 PM - Comment(s)

Contractor Rules for Medical and Allied Health Practices and Payroll Tax

If your medical practice pays contractors, you could be caught by tax laws that deem some contractor payments the same as wages. Talk to us today for guidance on what to include and exclude so you don't get surprised by a state payroll tax audit.

RBizz Team

20/11/2023 02:13 PM - Comment(s)

Indentify the relevant depreciating asset - ATO's guidance on composite items

The ATO released draft TR 2023/D2 which provides guidance on whether an asset that is made up of a number of parts or components (composite item) is itself a depreciating asset, or whether one or more of its components are separate depreciating assets.

RBizz Team

16/11/2023 04:05 PM - Comment(s)

The ATO agent nomination process

Wondering about the ATO agent nomination process? If you are an existing client, you may not need to do anything. If you are a new client we'll send you information about the steps required to link to us.

RBizz Team

30/10/2023 04:15 PM - Comment(s)

Outstanding tax debts? ATO warns about disclosure to CRAs

The ATO is warning businesses to engage with their tax and super obligations to avoid having their debts disclosed to credit reporting agencies (CRAs).

RBizz Team

18/10/2023 03:26 PM - Comment(s)

Chartered Accountants Australia and New Zealand

American Institute of Certified Public Accountants CPAs.

Institute of Chartered Accountants of India.

Australian Securities and Investments Commission.

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MYOB essential cloud accounting software.

QuickBooks ProAdvisor Certificate. — QB ProAdvisor

What do our happy customers say about us?

Success Stories

I experienced a sea change in the approach and results of RBizz Solutions when we moved from previous accountant. We have outsourced all accounting functions of our medical practice to RBizz Solutions who manage them very efficiently. I found them approachable, experienced, professional and above all supportive. Their industry knowledge is commendable. In many instances I observed their practices technically advance and systems driven. I highly recommend them to other medical practices and doctors.

RBizz Solutions handled restructuring of our medical practice business very innovatively, efficiently and accurately. They professionally planned and executed all accounting and compliance processes. I found them responsive, proactive and caring. Their systems are advanced, established and efficient in producing meaningful reports. They highlight current and possible challenges in regular discussions and advise in an easy to understand manner. I am confident tin recommending their business accounting serviced to other businesses.

The approach of RBizz Solutions towards understanding the needs of clients and offering solutions which are fresh, practical and long-lasting is really commendable. I experienced them going all the way to find solutions which are not common. I availed their taxation services for our professional services business and myself. I definitely recommend them to all business and non-business clients.

For small businesses like us, RBizz Solutions have all the right knowledge, experience and tools for a very timely and authentic support. We have found them very friendly and approachable all the time. They take extra care in giving their best advice. The best part is, they keep client's benefit and satisfaction at the top. We highly recommend their services to other businesses.

We availed CFO Services of RBizz Solutions for our young pharmaceuticals business in setting-up financial management processes, reports and decision-making tools. I am impressed with their experience in easing the administrative, governance and compliance challenges start-ups generally face. They have very organized approach to their work. I sincerely appreciate and recommend their services.

In setting-up new company and designing a business structure appropriate to my industry, I took help of RBizz Solutions. Their knowledge and experience on start-ups is deep and futuristic. They advised me on certain aspects which a business must be clear for its long-term stability and growth. With great confidence in their services I will recommend them to new and established businesses.

Rbizz solutions assisted us in organizing our operations by setting-up new processes. With new processes all the instances of administrative lapses have been arrested. In short period of time the efficiency of our business processes has increased tremendously and it has also helped in preparing the performance reports in no time. We would recommend their services to other businesses who are looking for assistance in establishing seamless operations.

RBizz Solutions helped me in designing and setting-up billing, collection, accounting and reporting processes for my business in IT services. Their approach is very innovative. They focus on simple but advance solutions. Their knowledge of integration of systems is impressive. I am significantly saving my time and energy and being able to focus more on my core business. I am happy to recommend their services to any small business owner.