Small Business Lodgement Amnesty
Since Budget night, the ATO has released more information around the small business lodgement amnesty…which can now be taken advantage of from 1 June 2023!…
Small Business Entity Framework
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Business versus hobby
According to the ATO, one of the most common questions it gets asked by taxpayers is whether they are conducting a business or on the…
JobKeeper rules, conditions and payment rates have changed
Legislation has been put in place to extend the JobKeeper scheme beyond its original sunset date, although the rates of payment and certain other details…
Succession planning for family businesses
For most family businesses as well as private groups, succession planning (sometimes known as transition planning) involves considerations around the eventual sale of your business,…
E-invoicing is on its way
Along with a more automated exchange and processing of invoices, e-invoicing also promises reduced payment times and better cash flow The headline above may…
The ATO has announced it is cleaning out its ABN cache
Not keeping lodgements current or missing reporting deadlines are some of the key indicators to the ATO that a business may no longer be operational.…