Top business & contractor tips, ideas and news in the industry.
These articles help and inform small businesses and contractors by providing the best hand-picked tips, trends and news to maximise their potential.
The 2 Most Common Types of ASIC Penalties in 2019
As an accountant, you start to see patterns and this is no different with mistakes made with Australian and Securities Investments Commission (ASIC) lodgements. The two most common penalties we see clients receive are late lodgement penalties for annual statement...
Turning Hardships into Opportunities
A lot of people see and hear about business success they think the success they’ve achieved is linear. That the person behind the success either had superior intelligence or was fortunate to be at the right place at the right time. And that’s simply not true. I can...
Land Tax – The Forgotten Tax | Box Bulletin August 2019
I want to tell you a quick story of a new client situation we often get (about once a month) that might be relevant to you. Let's call him Rod - I had a meeting with Rod regarding a serious tax issue last week. Over the last 5 years, he has been working really hard to...
7 Tips to Spot ATO Scams (2019)
Throughout the last year, I’ve noticed approximately one in four of my clients have had an attempted scam made against them, with these scammers impersonating the tax office. The ATO has also advised that they received over 40,000 reports of attempted scams throughout...
EOFY & How to Save With Tax Deductions | Box Bulletin July 2019
Each month, we share with our email subscribers the latest advice, tools and tips to help you grow your contractor or small business. It's free, helpful and over 1,000 contractor and small business owners have enjoyed the benefits from this monthly newsletter. Sign up...
Saving Tax & Protecting Assets | Box Bulletin June 2019
Each month, we share with our email subscribers the latest advice, tools and tips to help you grow your contractor or small business. It's free, helpful and over 1,000 contractor and small business owners have enjoyed the benefits from this monthly newsletter. Sign up...
Why You NEED the Mamba Mentality for Your Business!
When I was working in corporate, a lot of people mistaken my tenacity for competitiveness. What I was striving for instead, was to be the best version of myself. There is no competition between myself and others, just myself. Kobe Bryant coined a term for this – the...
How the Federal Budget Will Impact Your Business | Box Bulletin May 2019
Each month, we share with our email subscribers the latest advice, tools and tips to help you grow your contractor or small business. It's free, helpful and over 1,000 contractor and small business owners have enjoyed the benefits from this monthly newsletter. Sign up...
Comprehensive (2019) Guide to Single Touch Payroll (STP)
Single Touch Payroll (STP) is a new method of reporting tax and superannuation information to the ATO. Your payroll or accounting software can potentially offer STP reporting and will result in you sending your employees’ tax and super information to the ATO each time...
3 Easy Ways to Reduce Tax and Pay Less on Your BAS
One of the most common questions that I get asked from small business owners and contractors is whether or not I think they are paying too much tax when they report their quarterly business activity statements (BAS) to the ATO. There are generally three primary areas...
The Small Business Grant that Businesses are Missing Out On
Are you a small business operating in NSW? Are you not liable for payroll tax and want to employ more staff? Then your business may be eligible for the Small Business Grant. As a small business, meeting the eligibility criteria will result in your business receiving a...
