Record keeping rules for business

Record keeping rules for business

Record keeping requirements for your business, to help you meet your tax, superannuation and registration obligations. OverviewWhat is a record?Five rules for record keepingBenefits of keeping accurate and complete records Overview As you embark on the journey of...
Tax time countdown – 2023 financial year

Tax time countdown – 2023 financial year

Many things need to happen between the end of financial year (EOFY) and tax time. Note the below dates and deadlines to keep in mind, when getting tax ready. Key dates in June 30 June is EOFY. All new transactions from 1 July go into your FY23 books. The next month of...
Small business tax & AI – Pros & cons

Small business tax & AI – Pros & cons

In recent years, artificial intelligence (AI) has become an increasingly popular tool for small businesses in Australia, to streamline their tax return processes. With the ability to automate many of the manual tasks involved in tax preparation, AI has the potential...
Electric vehicle FBT exemption

Electric vehicle FBT exemption

New legislation before Parliament, if enacted, will make zero or low emission vehicles FBT exempt Electric vehicles (EV) represent just under 2% of the new car market in Australia, but it is a rapidly growing sector with a 62.3% jump in new EV registrations between...