Category: tax accounting
No Escaping ATO Debts
ATO tax debts, like all debts, are legally enforceable obligations. The ATO collects these debts on behalf of the Australian Federal Government. If taxpayers ...
SMSFs Grow in Popularity
Self-managed super funds (SMSF’s) continue to grow in popularity with 30,000 new funds being established each year. Today, Australia boasts over 600,000 funds holding ...
Disclosure of Tax Debts to Credit Reporting Bureaus
The Federal Government is legislating to allow the Australian Taxation Office (ATO) to disclose information on businesses tax debts to registered credit reporting bureaus ...
How Low Can Compliance Fees Go?
Compliance services are now completely commoditised. The commoditising of compliance services was inevitable really, and the only surprising thing is how long it’s taken. ...
Five Signs Your Tax Accountant is a Turkey
Although it may be politically incorrect to say so, the reality is not all tax accountants are equal. Just as all drivers are not ...
How Long Before a Business Owner Does Not Need an Accountant at All?
Rob Nixon, in his latest book ‘The Perfect Firm’, asks this question ‘How long before a business owner does not need an accountant at ...
SMART Criteria
Specific, Measurable, Assignable, Realistic, Time Related SMART is a management acronym giving criteria to guide in the setting of objectives in project management, employee-performance ...
Australia’s Company Tax Rate Must Fall to 20 Percent
In December 2017, the US legislated through large tax cuts which reduced their company tax rate from 35% to 21%. With the UK company ...
Shop-Front Ground Level ‘Vs’ First-Floor Accounting Practices
We often get asked as to what is the percentage of walk-ins for shop fronts compared to say first floor or upper-level offices when ...
Five Strategies for Effective Client Communication
Effective client communication will retain more customers than any other method. Here are five strategies that will help you communicate effectively with your clients. ...