Did you know the Australian Tax Office provides small business benchmarks to help you compare your business’s performance against similar business in the same industry? The benchmarks are calculated from income tax returns and activity statements from over 1.4 million small businesses across Australia. They account for businesses...
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If you forgot to include some income in your tax return or found a bunch of receipts for items you didn’t claim GST back on, don’t worry, you can: request an amendment to a previously lodged income tax return use your current activity statement to correct a GST...
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Personal Property Securities Register (PPSR) Attention business operators… Did you know? In 2012 a new law, which also established a national online register – the Personal Property Securities Register (PPSR) – was introduced which may increase risk to your business. A retention of title clause...
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LinkedIn Company Pages I’m in the process of setting up a LinkedIn page for Loft Accounting & Business Services and linking the URL to our website. I didn’t want to use the default ‘13579839’ as our LinkedIn URL. Instead, I wanted something more representative of our business name such...
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Streamlined reporting with Single Touch Payroll Single Touch Payroll is a reporting change for employers. It means employers will report payments such as salaries and wages, pay as you go (PAYG) withholding and super information to the ATO directly from their payroll solution at the same time they...
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Key dates for October 2017 23 October 2017 September monthly BAS due 30 October 2017 September quarter SG due 30 October 2017 September quarterly BAS due 30 October 2017 September quarter PAYG instalment due 31 October 2017 2017 Income tax return due
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