Have you ever received a notice from the Tax Department? As a taxpayer, this situation can be pretty scary, especially when the ATO surprises you with a desk audit or a full-blown audit. Do you know your taxpayer rights? In today’s 2 Minute Accountant, you’ll discover what are your rights as a taxpayer and what […]
Do You Know Your Obligations as a P&C Association Member?
Have you ever been asked to become a member of the Parents & Citizens Association? If you think of it as just an honorary title, think again. Being a member of the P&C committee certainly has its share of responsibilities and risks for you, as an individual. In today’s 2 Minute Accountant, I’m going to […]
How to Respond to Negative Reviews: DOs and DON’Ts
Have you ever received a negative review on your Facebook business page? What was your first reaction? You didn’t want to answer it, right? I bet you even wanted to delete it… ASAP. Responding to negative comments can be tricky, but it’s very important to do it right. Today, I’ll share with you some “DO’s” […]
How to Recognise an ATO Tax Scam
ATO tax scams are everywhere! I don’t mean people scamming the Tax Department. I mean people calling you and pretending they’re from the Tax Department (ATO), trying to scam money from you. It can be an emotional and daunting situation if you’re told you’ve done something wrong to the Government and the Tax Department. In […]
How to Deal With Business Tax Debt
Are you struggling with paying off your business tax debt? As a business owner, one of the best ways to make sure you’re in good relations with the ATO is to pay your taxes on time. However, you’re human, so there’s always a chance that you forget or you don’t have the funds available to […]
March 2018 Tax And Accounting News: All You Need To Know
As you move forward into 2018, your professional resolutions and objectives start to come into play. Here are the latest tax news in March 2018, let’s find out how they will impact your business: The top three GST claim essentials When you make purchases for your business, you can only claim GST credits if you […]
Mistakes Business Owners Make Filing Insurance Claims
What do you rely on when disaster strikes your business? Like most small business owners, you probably rely on your insurance claims. Whether we’re talking about water or wind damage, fire or theft, you might turn to your insurance provider for assistance, right? But sometimes, mistakes can be made that may delay insurance reimbursement or […]
A Guide on Your Business Tax Rates
Are you about to start your own business? Do you know the business tax rates that apply to each of company structures out there: sole trader, trust, company, partnership? Today we’ll get a bit technical. I’ll explain how to choose your business structure, depending on company types. Let’s get into it! Sole trader When you’re […]
When Can I Expect to Receive My Business Tax Refund?
As the end of this financial year is getting closer (1st of July), you might be wondering “How soon can I get my refund back?” If you want to get your business tax refund back as soon as possible, there are certain things to consider during the whole year. Today I’ll give you some useful […]
