ATO Lodgements and penalties

ATO Lodgements and penalties

The JobKeeper program officially is now over! Life is slowly getting back to normal for small business. Now that Covid is not disrupting our daily lives as much as the Tax Office has now confirmed in various press reports, it will resume pursuing and enforcing debt...
SMSF setup is growing

SMSF setup is growing

It is exciting to see that Australians are embracing the use and setup of an SMSF. We reported to you 18 months ago that the SMSF sector was growing at approximately $23,200 per minute. Now in our March 2021 newsletter, we see this increase triple. The sector is now...
Can you renovate your property held by an SMSF?

Can you renovate your property held by an SMSF?

Renovating your smsf property is possible in certain circumstances. Owning a property in an SMSF allows the Fund to grow your asset base for retirement using the property as a class of assets. In certain limited circumstances, a renovation can take place. However, the...
Understanding your small business purpose

Understanding your small business purpose

When starting out in business the first question you should have asked is WHY or what is my business purpose in operating my business? Why did you start your small business? The WHY in 2021 is more important than ever in these tough crazy times. The why is the glue...
XERO cloud accounting

XERO cloud accounting

Cloud software has come along way. These days there is no excuse for not jumping onto one of the many cloud accounting software programs be it XERO, MYOB or Reckon XERO has time saving featrures you cant ignore! Most cloud software all have nifty features, and they...

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