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The EOFY and tax time for small business can be challenging at the best of times, let alone during a pandemic. Here are 5 ways to make sure your business is ready for EOFY.
The pressure COVID-19 has put on small and medium businesses is staggering. In less than a month following Australia’s new trading and social distancing laws, two-thirds of the country’s SMBs have already reported a slump in revenue, with one in ten businesses...
The ATO has requested insurance policy information from 30 insurers for lifestyle assets such as yachts, thoroughbred horses, and fine arts. The ATO targets 'lifestyle' assets, so keep reading if you or someone you know may be on their radar! The review, expected to...
The ATO has provided relief from lodgement compliance and payment obligations for those impacted by the bushfires. An automatic two month deferral for activity statements lodgements and payments due has been provided to those in affected postcodes. For bushfire relief...
Your right to know! You might have seen the recent spate of media freedom advertisements as part of the Your Right to Know campaign. The prime-time advertising states that the Australian Tax Office (ATO) can take money from your account without you knowing. The...