RBizz Corporate Accountants
RBizz Corporate Accountants
Accountants of Growing Businesses, Simple to Complex.

Accounting

Blog tagged as Accounting

Sharing economy receipts now reportable directly to ATO
Operators of sharing economy platforms now required to report transactions to the ATO from 1 July 2023. If you operate in these platforms, such as ride share or short-term accommodation, make sure this information comes to us for your tax return.
RBizz Team
24/01/2023 04:53 PM - Comment(s)
How To Start A New Business In Retail Industry In Australia
Starting a new business in the retail industry in Australia can be an exciting and challenging endeavor. The retail industry in Australia is one of the most competitive in the world, and it's essential to have a well-thought-out plan in place before launching your business.
RBizz Team
12/01/2023 12:08 PM - Comment(s)
What is inventory accounting? - And why it's important
Tracking stock levels, costs and profit on every product you sell can get pretty complex – no wonder so many businesses have a fuzzy understanding of their inventory. But inventory accounting is too important to ignore. We can help.
RBizz Team
26/12/2022 04:40 PM - Comment(s)
Sharing economy reporting system to be implemented
Operators of sharing economy platforms will be required to report transactional information to the ATO from 1 July 2023. If you are operating in these platforms, make sure your information comes to us when we complete your tax return.
RBizz Team
22/12/2022 04:50 PM - Comment(s)
The Secure Jobs and Better Pay Bill - How will it affect your business?
The new 'Secure Jobs, Better Pay' Bill 2022 brings major changes to employment laws. While most of the changes roll out over the next 6-12 months, some take effect now. Talk to us about reviewing your HR documents.
RBizz Team
16/12/2022 03:33 PM - Comment(s)
Get in control of cashflow
Does your business need to improve its cash position? Poor cashflow is a problem for many businesses, whether you’re a start-up or an established family business. Talk to us about how you can get proactive with cashflow management.
RBizz Team
15/12/2022 04:45 PM - Comment(s)
Crowdfunding donations this Christmas season
This festive season you may wish to give money to those less fortunate via crowdfunding campaigns. Know the tax implications before you jump in.
RBizz Team
12/12/2022 05:25 PM - Comment(s)
Expert Bookkeeping and Accounting for the Building and Construction Industry
Want expert help with managing your building and construction industry finances? Get in contact today for a review of your business systems, and let us help you to thrive. Using the right tools for the job always makes things easier.
RBizz Team
05/12/2022 05:29 PM - Comment(s)
Business tips: Selling up and moving on – what happens next?
You’ve sold your business and have the money burning a hole in your pocket. What happens next? We’ve got some great options for your post-exit life to consider.
RBizz Team
04/12/2022 05:22 PM - Comment(s)
Christmas Parties and Presents - and Tax!
Christmas Parties and Presents - and Tax!
RBizz Team
03/12/2022 05:10 PM - Comment(s)
Fringe Benefit Tax at Christmas Time
Are you aware of fringe benefits you are offering at Christmas time?
RBizz Team
02/12/2022 05:05 PM - Comment(s)
Employees and the Holiday Season – What You Need to Know
Employees and the Holiday Season – What You Need to Know
RBizz Team
01/12/2022 04:50 PM - Comment(s)
Incentivising pensioners back into the workforce
The October 2022 Federal Budget contains measures which may provide you with an ability to earn some extra income without hurting your social security entitlements, to ease cost of living pressures.
RBizz Team
10/11/2022 05:39 PM - Comment(s)
Single Touch Payroll Phase 2 Updates
If you’re not already using Single Touch Payroll Phase 2 in your payroll software, you may have more time before you have to start using STP 2. Talk to us today to check your payroll systems and software before upgrading to STP Phase 2.
RBizz Team
03/11/2022 05:34 PM - Comment(s)
Payroll Updates Sept 2022: Minimum Wage, Super Increase and STP
Are you across the recent payroll and employment law updates? We can help check your payroll setup, award provisions, employee agreements, and payroll costing. We can also assess if your software is ready for ATO STP Phase 2 reporting.
RBizz Team
12/10/2022 05:58 PM - Comment(s)
Training your staff can get you a 20% bonus deduction
Small businesses will get a bonus tax deduction on top of the allowable deduction for training their employees.
RBizz Team
11/10/2022 05:47 PM - Comment(s)
Superannuation eligibility changes could impact your payroll
The $450 threshold for super eligibility is removed from July 2022. This could impact payroll costs. If you rely on a pool of casual workers who earn less than $450 per month, talk to us. We can help you prepare for the increased cost.
RBizz Team
09/08/2022 06:35 PM - Comment(s)
Electric vehicles now exempt from FBT
From 1 July 2022, new electric vehicles under the luxury car limit will be exempt from fringe benefits tax. This means that an electric vehicle under $84,916 can be salary packaged for a substantial tax benefit.
RBizz Team
07/07/2022 03:59 PM - Comment(s)
Working from home deduction from 1 July 2022
The way to calculate a working from home deduction for running expenses has been adjusted from 1 July 2022, with the ATO issuing a new hourly rate and changes to previous years.
RBizz Team
01/07/2022 01:29 PM - Comment(s)
Fringe Benefits Tax and Business
Do you offer your employees benefits in addition to salary and wages? If so, you may need to report FBT. Fringe benefits can help employees reduce their taxable income but you need to take care of the admin. Get in contact to learn more.
RBizz Team
20/04/2022 06:30 PM - Comment(s)