by Davie Mach | Aug 18, 2020 | Small Business Handbook, Accounting, News
The ATO has announced that it will be actively reviewing entitlements by conducting cashflow boost audits and JobKeeper audits. At our accounting firm, we’ve seen this happen with several clients despite meeting eligible obligations, which has signalled that the ATO...
by Davie Mach | Aug 18, 2020 | Small Business Handbook, Accounting, News
JobKeeper audits will form a big focus for the ATO as JobKeeper 1.0 comes to an end. The ATO has assigned 3,000 staff to the review process of JobKeeper and Cashflow Boost with many accountants (including ourselves) expecting there to be some significant requests to...
by Davie Mach | Feb 21, 2020 | Small Business Handbook, Accounting, Accounting, Contractor Handbook, Tax Planning, Tax Planning
So, you may have recently switched accountants, or you may have just started a new business venture. Perhaps you’ve just figured that you should start taking advantage of the fact that you have an accountant and you need to get your business affairs in order....
by Davie Mach | Jan 21, 2020 | Contractor Handbook, Accounting, Accounting, News, Small Business Handbook
Trying to find out the difference between Chartered Accountants and Accountants? When you’re looking for an accountant for your business, you’ll inevitably run into accounting firms that spout about how they have Chartered Accountants. But what exactly is...
by Davie Mach | Oct 10, 2019 | Small Business Handbook, Accounting, Business Structure, News, Startup, Tax Planning
Are you looking to buy or sell a business and not sure where to start? In this article, I’ll go through some of the fundamental concepts you should know about buying or selling a business so that it can get you off in the right direction. Introduction...
by Davie Mach | Sep 2, 2019 | News, Accounting, Small Business Handbook
As an accountant, you start to see patterns, and this is no different from small business owners continually penalised with ASIC late fees. The two most common ASIC late fees we see clients receive are late lodgement penalties for annual statement review fees and late...