Blog tagged as Small Businesses

It’s a good idea to think about your succession plan long before you need to sell. With a plan in place, you can maximise the value of the business and achieve a better outcome.

Consumers are becoming increasingly green in their purchasing habits. So, we’ve pulled out five ways to make your business more green, sustainable, and eco-friendly.

Hoping to sell your business in the next five years? We’ll help you get your business in order and come up with a sale plan that delivers the best possible sale price.

Planning on purchasing a business? We’ve got five key questions for you to consider before you dive in at the deep end and complete the acquisition.

How can your small business compete with the big multinationals? Here’s how to maximise your boutique appeal to retain existing customers and draw in new ones.

Is your business providing the income you need to secure your desired lifestyle? We’ve got some hot tips for boosting revenue, profits and your ability to draw down income.

After securing a second term victory in the 2025 Federal election, the Labor government will be extending the $20,000 instant asset write-off for small businesses by 12 months, as proposed in their election campaign.

Australia is lagging behind the rest of the Asia-Pacific sector when it comes to making sales online. We’ve got five tips for growing your e-commerce site and doing more business online.

Payday super is due to begin in July 2026. Is your payroll process ready? We’ve outlined the key requirements and how payday super could impact your small business.

The ATO is providing additional support for new small businesses to ensure they understand and comply with their tax, superannuation and registry obligations

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.

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.

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

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.

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.

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.

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.

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.

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.

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.