RBizz Solutions Corporate Accounting & Advisory
RBizz Solutions Corporate Accounting & Advisory
One-Stop CFO Accountants Raising Businesses Globally

Small Businesses

Blog tagged as Small Businesses

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 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)
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)
Payday super to change how businesses pay their super
Aiming to provide better retirement outcomes for employees, from 1 July 2026, employers will be required to pay their employees super at the same time as their salary and wages.
RBizz Team
16/10/2023 05:31 PM - Comment(s)
Your business may be selected for ATO’s PAYG withholding compliance test
A lodgment reminder pilot program has been announced by the ATO, for 3,000 randomly selected employers - PAYG withholding amounts reported by them via STP will automatically become payable as at due date even if no activity statement is lodged.
RBizz Team
25/09/2023 06:43 PM - Comment(s)
Principal purpose of a commercial vehicle to determine application of Luxury car tax
The ATO has finalised the luxury car tax (LCT) determination LCTD 2023/1 which provides guidance on determining the principal purpose of a commercial vehicle for LCT purposes.
RBizz Team
14/08/2023 02:00 PM - Comment(s)
Claiming your bonus deduction for technology investment in the 2022–23 tax return
The small business technology investment boost wrapped up on 30 June 2023. For your 2022–23 tax return, we will be working with you to ensure you get the full bonus deduction that you are entitled to. Work through your next steps here.
RBizz Team
18/07/2023 02:13 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
20/06/2023 05:06 PM - Comment(s)
5 challenges for small business - and how to beat them!
Want to know how to beat the most common business challenges? We’ve highlighted five common challenges and the simple ways to overcome them.
RBizz Team
18/06/2023 04:12 PM - Comment(s)
Prepare for Finalising Single Touch Payroll
Prepare now for finalising STP payroll data by 14 July. Book a time with us today to check essential employee information, verify the numbers and confirm payroll categories are linked to the correct reporting fields before lodging with the ATO.
RBizz Team
15/06/2023 04:01 PM - Comment(s)
Which business expenses can you claim against tax?
Want to cut your business costs? We’ve highlighted the business expenses that can (and cannot) be claimed against your ATO tax bill.
RBizz Team
08/06/2023 04:23 PM - Comment(s)
Get set for a minimum wage increase
Get set for a minimum wage increase effective July 2023
RBizz Team
05/06/2023 03:18 PM - Comment(s)
Temporary full expensing is due to end soon – your tax deduction guide
As the end of the financial year approaches, the temporary full expensing rules will be coming to an end. Considering this, we explore the options that are now available for small and medium businesses to optimise their tax deductions.
RBizz Team
25/05/2023 05:41 PM - Comment(s)
Keeping your business cash liquid – the difference between cashflow and profit
Do you know the difference between profits and cash flow? We’ll help you understand why cash is king and how to improve your cash flow management AND profitability
RBizz Team
16/05/2023 03:18 PM - Comment(s)
What's the difference between financial accounting and management accounting?
Do you know the difference between a financial and management accountant? If you’re keen to grow, switching to the benefits of management accounting could have a huge impact on your future destiny.
RBizz Team
25/04/2023 03:28 PM - Comment(s)
Div 7A interposed company arrangements alerted by ATO
The ATO has initiated a crackdown on arrangements where an individual shareholder accesses profits of a private company in tax-free form through an interposed holding company.
RBizz Team
21/04/2023 04:11 PM - Comment(s)
Super Guarantee Rate Rises in July to 11%
The super guarantee rate will rise in July this year to 11%. Have you calculated the extra cost to your business? This rate increase may also affect salary packages. Talk to us now to start preparing for the changes, so you don't get caught out.
RBizz Team
18/04/2023 04:39 PM - Comment(s)