False GST Registration Claims

False GST Registration Claims

Most of us will be aware of the no ABN withholding rule, whereby if a supplier does not quote their ABN on an invoice then: If the price includes GST, you cannot claim the GST credit for that supply, and If the total payment for the goods or services is more than $75...
Superannuation Rate Frozen

Superannuation Rate Frozen

The Government will follow through on its pre-election announcement to freeze the current 9.25% Superannuation Guarantee for a further two and a half years. Under the current law which was introduced by the former Labor Government, the Superannuation Guarantee rate...
Changes to Income Tax Assessment

Changes to Income Tax Assessment

We will all no doubt feel a little better about paying our taxes from the 2014 financial year onwards. Joe Hockey has announced changes to the tax assessment to do two things: Tell you where your hard earned taxes went. Thank-you for paying your tax for the year. From...
Managing Cash Flow

Managing Cash Flow

It is possible to succeed in business without managing cash flow – this much cannot be denied. However, anyone that has ever attempted to achieve this task will testify to how taxing and tedious it can prove to be, essentially the equivalent of swimming against the...
Jobs and Small Business Package

Jobs and Small Business Package

During the 2015-16 budget, the Australian government announced that they will fund the jobs and small business package. This package is essential in the creation of employment as well as in the growth of small businesses. What does this package mean to your business...